OPEN 3 days ago? Trash. Not selling that beforehand took some balls.
OPEN now that Rabois is back, right before rates cuts and an American credit extravaganza is about to begin? Very different.
Real estate has always been a territoried industry in the US. That makes it extremely fragmented; 1.5 million real estate agents working for 300k+ brokerages. Even counting mega firms with over 20k total agents, there are like ten. No one can consolidate market share, because all these agents and companies are constantly at war with each other.
I can see, with a massive amount of tech industry brainpower and a fuckton of VC capital, a path for a company with a radical modernization plan to usurp the industry by taking out most of the human elements. I sure as hell didn't think Opendoor was capable of pulling anything like it off, especially not without the right brains and the aforementioned money. But now, I can kind of see a path, and at the end of the path is a *fuckin donko amount of money*. There's $2T worth of houses sold each year, and you can hog a lot of that pie and keep more of the margin with robo agents.
https://preview.redd.it/bqnz344p1cof1.jpeg?width=1320&format=pjpg&auto=webp&s=e3af07a04b6f8c4a602b516d87747af09f348934
This little cutie pie right here.
Dude, you gotta diversify more! Putting all your eggs in the ASML basket is hella risky, man. Also, those gains are sweet but remember taxes are gonna want a piece of that pie too. 😬 Keep it up but maybe sprinkle some variety next time lol