Opendoor: How Big Tech Lost $5B in the Housing Market

Описание: Newsletter: https://www.junkbondinvestor.com/

Opendoor promised to reinvent real estate.
Instant offers, algorithmic pricing, and frictionless home sales powered by technology.

Instead, it became one of the most expensive failures of the housing boom.

This documentary breaks down how Opendoor went from a Wall Street darling to a cash-burning liability, crushed by rising interest rates, collapsing home demand, and a business model that worked only when money was cheap. By betting billions on housing prices continuing to rise, Opendoor exposed itself to massive downside the moment the market turned.

We examine how iBuying actually works, why Opendoor’s pricing algorithms failed in a volatile market, how inventory risk spiraled out of control, and why the company was forced into layoffs, asset sales, and emergency survival mode. What was sold as a tech company ultimately behaved like a leveraged real estate hedge fund with no margin for error.

This is the story of financial engineering colliding with economic reality, and a warning about what happens when software optimism meets interest rates.

Opendoor collapse
Opendoor downfall
Opendoor stock crash
Opendoor iBuying failure
Opendoor real estate collapse
iBuyer model failure
housing market crash
real estate tech bubble
algorithmic home pricing
housing inventory risk
interest rate hikes real estate
real estate startup failure
Wall Street housing bets
Opendoor losses
iBuying explained