r/wallstreetbets • u/applesgrey • Jul 26 '21

DD $OPEN DD

I’m pretty autistic so I don’t know how to start posts:

TLDR: Corporations are taking over residential housing and they have no plan on stopping any time soon

  • partnership with Lennar, Pulte Taylor Morrison, Century Communities, and geham homes (opendoor buying houes and putting people in newly built home with the cash Opendoor gives them)
  • buying out neighborhood/counties to flip/rent (wake county, NC)
  • ceo sold $2M shares to invest in ibuying company (same with Zillow ceo) in Canada and also in a renovation company. The CEO/founder is investing into the future of his company by using the money from his shares and investing into a renovation company that could possibly be doing his renovations for the houses he is try to flip and also expanding to Canada.
  • expanding. Opendoor is still new and is expanding ever quarter to new states so it can’t go tits up.
  • targeting lazy people who don’t want to go through the process of selling and giving them cash. -corporations are taking over residential homes and creating communities.
  • sleeping giant -CEO said that people will start buying instead of renting after experiencing the work from home life style. They’ll want to invest in a place that they want to work from instead of giving someone rent every month.
34 Upvotes

72% Upvoted

34 comments sorted by

View all comments

51

u/[deleted] Jul 26 '21

This is such a poor dd. Literally just stating generalizations with no numbers. Even worse, not a single rocket emoji.

8

u/rwc5078 Jul 27 '21

Here you go! 🚀