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Pure speculation: this is carmax for housing. Moving is like trading in your car for a new one. They'll start with a focus on buying from the public to build
by astrocat 12y ago
Pure speculation: this is carmax for housing. Moving is like trading in your car for a new one. They'll start with a focus on buying from the public to build inventory then begin facilitating the end-to-end of sell-to-buy.
Imagine this: I need to move from, say, Columbus OH to St Louis MO (their focus is not on hot markets). I browse their STL inventory online, pick the house I want, sell them my house, click, click, click then go have a beer and wait for the movers to show up.
Rabois has the money-moving chops from paypal and square... I don't see why this isn't possible, aside from the nightmare of paperwork...
- jdross 12y agoFounder here. While facilitating the transaction is definitely a compelling product offering and would be very fun to build, it's by no means necessary to make the selling process dramatically better. The crux of our business is pretty straightforward to reason about: Be exceptional at valuing homes, maintain a low cost of capital, leverage operational scale, and understand our customers.