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There will be limitless buyers, and because Opendoor isn't competing on price, their ability to price securities to the financial markets will be absurd. I assu
by tommynicholas 10y ago
There will be limitless buyers, and because Opendoor isn't competing on price, their ability to price securities to the financial markets will be absurd. I assume they'll have to keep a token % on balance sheet to show good faith but that's it.
- hkmurakami 10y agoJust remembered -- FirstREX does exactly this. Equity financing of homes, and selling off their stakes in collateralized fashion to institutional invsetors.