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Possibly, but I think the simpler answer is that we have a product with... - good unit economics in appreciating and depreciating sub-geographies - customers w

by jdross 10y ago

Possibly, but I think the simpler answer is that we have a product with... - good unit economics in appreciating and depreciating sub-geographies - customers who love us and great conversion rates - a sane risk strategy - a unique product with traditional economies of scale/economic moats that allow people who can't afford two mortgages to sell and buy at the same time, so they can move directly once instead of having to do the dance with short term rentals - huge opportunities for growth from here, both within and across markets I don't know why liquidity/trading in homes needs to be "all or nothing" to be a good business... it seems to work well enough for cars and other assets

mbesto 10y ago
> it seems to work well enough for cars and other assets Definitely agree. Carmax being a great example. > I don't know why liquidity/trading in homes needs to be "all or nothing" to be a good business I didn't necessarily say that you couldn't build a good business, but the author is suggesting that the liquidity that your company creates will have a greater economic impact in that it will create a higher degree of mobility (which is then weighted against a supposed malevolence of investors cashing out big). If you're able to only operate in certain markets (like Carmax) then this theory starts to break down, because it becomes less of a universal truth. I'm simply dubious that the pronounced mobility will be as impactful to the market as suggested. Anyway, good luck!