A Quick Note on iBuyers Pausing

Mar 19, 2020

∙ Paid

I got an email this morning from Mike Delprete about Redfin and Opendoor "pausing" buying activity due to the COVID-19 situation:

By temporarily pausing the purchase of homes, Opendoor has shut off its only source of revenue; there’s no iBuying without buying. The effect is akin to an airliner losing both engines while in flight.
With no revenue -- Opendo…

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