Opendoor: Proof that Wall Street Doesn't Understand Real Estate

[NOTE: I am long OPEN, and have been for a while as the self-proclaimed Biggest Bull on Market Making iBuying in the World.] I'm working on a far more in-depth look at Opendoor's amazing Q1 results. But I had to get this off my chest. Opendoor's stock performance is proof that Wall Street simply doesn't understand American residential real estate and ho…