[VIP] Don't Tell Yourself Pretty Lies, Part 2: Opendoor Sales Analysis
In Part 1, I looked at the economics of iBuyers generally, and concluded that we need to analyze them as market makers, using market maker economic models, rather than as investors or brokerage companies. In this part 2, I wanted to get a bit more detailed and granular, using some data I was fortunate enough to have a reader share with me on the conditi…
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