More on Opendoor
Ben Thompson of Stratechery has an altruistic view of what the Opendoor can provide the changing job market.
“OPENDOOR’S POTENTIAL IMPACT
There is a deeper reason why I am excited about Opendoor, and it too is related to how the company’s approach differs from Zillow and Redfin. While Zillow makes it easier to look for new houses, and Redfin promises to save sellers a few bucks, making it trivial to sell a house has the potential to fundamentally impact our economy at a time we desperately need exactly that. Many, including myself, have written about how globalization and technology are upending the job market; one particular challenge is that often new jobs are created in different geographic areas than where job seekers are located.”
The Notorious R.O.B. think he’s figured out how they will pay for it…
“The final observation here is that while buying and selling houses is painful — and Opendoor does want to make that process easier with all of its innovations — the real pain as of today is the financing process. Honestly, compared to trying to get and close a mortgage, the house-hunting process is a joyful jaunt through a shady park on a clear fall day.