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Presumably whilst any properties are in stasis (i.e. awaiting buyers) OpenDoor could partner with AirBnB and rent out those properties to keep a cash flow from
by johnlbevan2 10y ago
Presumably whilst any properties are in stasis (i.e. awaiting buyers) OpenDoor could partner with AirBnB and rent out those properties to keep a cash flow from any properties. They'd presumably not do this when they're expecting buyers to look round, but could do it whilst minor maintenance is going on immediately after sale, or if there's a quite time when views are deemed unlikely.
- jdross 10y agoHaving the homes be vacant makes it hard, and we optimize heavily for turnaround time, but maybe there's a non-linear innovation we're missing! Open to ideas. Maybe we could do "sleepover trials" for potential buyers!
- johnlbevan2 10y agoAgreed that generally fast turnaround's a good idea were possible. Would you guys hold on to property in some circumstances though; e.g. if prices are rapidly escalating (e.g. as occurred in the UK around 2000: http://www.housepricecrash.co.uk/indices-nationwide-national-inflation.php); http://www.housepricecrash.co.uk/indices-nationwide-national... where the expected benefit of holding out outweighs the fluidity and lower risk of the quick scale; or would that be too close to gambling?