[azirbel]

Thanks for the comment -- and it's very accurate in terms of where we'd like to go.

On a tangential note: empowering untrained individuals is important, but we often do the opposite too. Many of our internal tools are designed to make trained professionals/experts as efficient as possible.

For more speculation on Opendoor's business and where we might take it, I think Stratechery has a good writeup. https://stratechery.com/2016/opendoor-a-startup-worth-emulat...

[panabee]

yup, i also wrote a deeper analysis after someone posted about opendoor in december.

what will be super interesting to watch is how the market size (i.e., annual real estate transactions) changes in response to reduced friction. historically, disruptive technology like uber widens the market substantially because it unlocks all this demand artificially suppressed by friction. because of opendoor and similar startups, will transaction volume increase by 10%? 50%? 200%?

opendoor is the classic VC investment: huge upside with controllable, sane risks.

[nickjarboe]

It would be great to move as a home owner and be able to avoid the 5-6% realtor cost on both ends (10-12% total). This could enable millions of people choose better living arrangements. Unfortunately for people in California, Prop 13 will still create huge costs to moving.