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Real-time iBuying & @Opendoor analytics. Biggest Opendoor Discord Community. Why wait 3 months for an earnings call?

United States
Joined April 2022
🚨 EP 4 - $OPEN HOUSE Was great to chat with @SebastianSzturo, founder of the world's largest Opendoor investor community (@DatadoorIO). Sebastian is a software engineer and spent nearly 10 yrs at Shopify, so he had some fun Kaz stories to share as well. (00:28) Datadoor community (06:05) Sebastian's $OPEN investment history (07:54) Kaz stories (11:28) Thoughts on Fahd Ananta (15:37) Default in-person (20:00) Layoffs (25:13) Sebastian's bull thesis (28:56) Importance of macro + interest rates (31:44) Ancillary services (42:30) Should agents get axed? (44:08) Bear case (48:56) Stock price and valuation
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Hard to overstate how significant this CEO change is for $OPEN, along with Keith Rabois and Eric Wu rejoining the Board. I was floored when I saw it. For an early stage company like this, vision and direction is critical -- they shape who you attract and how you execute.
After 6 years at Shopify, I’m joining @Opendoor as CEO. Here is why: It is incredibly important that we use all of our energy and every modern tool at our disposal to build products that make home ownership easier. We must make the process of buying and selling a home less frictionful so more people do it. Home ownership isn’t just about a house. It’s about families and communities. The West has been built on the idea that ordinary people can stake a claim in their society, put down roots, and build a future. Renters move. Owners stay. That matters. Studies show homeowners vote more, volunteer more, and are more likely to invest in their communities. It’s not sentiment—it’s data. Homeowners report higher life satisfaction and health outcomes. They have higher trust in our institutions and stronger families. Ownership builds generational stability. Societies with broad-based property ownership are stronger. Alexis de Tocqueville saw it in America 200 years ago. Nothing has changed. Communities full of home owners are better communities. When people own, they maintain. Crime rates fall when ownership rises. Why? Because people guard what’s theirs. They police and take care of their neighborhoods, not out of fear, but pride. Ownership ties individuals to the fate of the community. Home ownership is about putting down roots. And these roots tie us together and make our world better. That is why the work to be done at Opendoor is so incredibly important. And that is why I believe we can build not just a successful company, but a generational company—one that empowers the promise of the West to be unlocked in the ways it was always intended. Today, Opendoor is the largest digital platform for residential real estate transactions, making it possible to buy, sell, and move at the tap of a button. We are 1% done along this journey! My experience at Shopify showed me what happens when you build a platform that unleashes innovation at scale. Shopify gave millions of entrepreneurs the tools to change their lives, their families, and their communities. That platform mindset is what I hope to bring to Opendoor—to build a platform for homeownership, one that unlocks opportunity for millions of families and strengthens the fabric of society. And that is why I am so incredibly proud that I get to support this team in our mission to use every tool at our disposal to make selling, buying, and owning a home easier. AI gives us the chance to accelerate this work in ways never before thought possible. From simplifying the process of buying and selling, to unlocking personalized pathways to ownership, AI can help millions of families access homes more efficiently, more affordably, and more transparently than ever before. This is a once-in-a-lifetime opportunity to redefine what’s possible in real estate.
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Replying to @nejatian
Can we get retail investor questions on the next earnings call? Analysts questions have been absolute trash for the lasy 2yrs.
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Alright. I'm interested again. $OPEN
Opendoor returns to FounderMode. And we just hired the absolute best executive who has a founder brain as CEO: @nejatian.
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Replying to @Jason
You better pump Opendoor on next week’s All-In episode or @ericjackson will come after you!
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Datadoor.io retweeted
Nothing better than primary research to derive alpha. @DatadoorIO member actually called some Key Agents and came away mega-bullish. Makes sense to me - lead flow is the lifeblood of any agent business and it seems like @Opendoor's is top-notch 👌
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Datadoor.io retweeted
Don’t forget the limited-time 40% OFF on our Datadoor Atoms subscription giving you the most advanced institutional grade $OPEN data. ✅ Track Opendoor's nationwide listings in real-time.
✅ Understand sales trends and margins in all 50+ markets.
✅ Get access to quarterly estimates months before earnings ✅ Access to exclusive channels in our Discord.
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Datadoor.io retweeted
As a former employee, always thought there wasn't much good Opendoor diligence out there (aside from my bros at @DatadoorIO) Figured now was the right time to start a weekly $OPEN research blog 😉 openinvestmentlabs.com/the-g… LFG 🚀
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Hear me out: if $OPEN continues this streak for 4-5 days, they could buy $Z Zillow.
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There is a chance Opendoor may be the next meme stock. I spoke with @ericjackson about the stock, his thesis, and why he thinks it is going to $82 per share. $OPEN
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There’s only one $OPEN door
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Datadoor.io retweeted
Replying to @DatadoorIO
@DatadoorIO has been tracking $OPEN for a long time. Thanks for bringing accurate data to show facts!
Trying to get deeper into the $OPEN ecosystem and real estate tech space in general. One group that’s been insanely helpful already is the Datadoor.io Discord — run by @SebastianSzturo Super sharp guy who really knows his stuff. Highly recommend joining if you’re serious about learning and sharing insights: 👉 discord.com/invite/kVjRqkGrg… If you’re in any other good Discords or groups focused on Opendoor or just broader investing themes, drop them below. Would love to find more communities like this one. Let’s all get smarter together 📈💬 #OpenDoor #Investing #RealEstateTech #Datadoor
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Trying to get deeper into the $OPEN ecosystem and real estate tech space in general. One group that’s been insanely helpful already is the Datadoor.io Discord — run by @SebastianSzturo Super sharp guy who really knows his stuff. Highly recommend joining if you’re serious about learning and sharing insights: 👉 discord.com/invite/kVjRqkGrg… If you’re in any other good Discords or groups focused on Opendoor or just broader investing themes, drop them below. Would love to find more communities like this one. Let’s all get smarter together 📈💬 #OpenDoor #Investing #RealEstateTech #Datadoor
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It’s awesome to see the momentum back in @Opendoor. Thanks to @ericjackson for bringing the attention. I know so many Opendoor alums who bought back in more stock recently (including myself).
Replying to @ericjackson
I’m Opendoor’s cofounder holding millions of shares 💎 🙌 I still believe in the business model and they’ve made big positive changes in the last year. Including bringing back Yang and making him Chief Investment Officer 🐐
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7-handle mortgage rate be like
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The average 30-year fixed mortgage rate today: 6.12% Range in 2024: 6.11% <---> 7.52% Spread: 249 bps
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🚨🏡 NEW 52-WEEK LOW 🏡🚨 The average 30-year fixed mortgage rate today: 6.27% Spread: 256 bps
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Redfin CEO Glenn Kelman: Plan B if mortgage rates don't come down is to 'drink our own urine or our competitors' blood, stay in the foxhole' @glennkelman said that on @Redfin's earnings call this week
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The rules around residential real estate are changing as of August 17, 2024. HOWEVER, many brokerages and MLSs are implementing the changes now, and not waiting for August 17. The main changes are: 1/x – at Richmond, VA
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Datadoor.io retweeted
$OPEN CMO David Corns sharing a summary of Opendoor’s marketing achievements for 1H 2024. “All-time high in Brand Awareness.”
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