Porti Port

@operdoor2 @Opendoor @nejatian This is the second post where you rationale doesn't make sense. Pending remaining stable, rather than rising, just means homes are turnover faster. It doesn't tell you much else. Just focus on the sold number and assign a percentage of pending as likely to close by quarter end

Whether looking at my own data or the info on https://opendoor.arm @Opendoor's pending count has stopped growing for 3 months now since April. Wondering what’s going on over at @opendoor 🤔" @nejatian

@operdoor2 @Opendoor They sold circa 2,400 in Q2. That's the simple reason.

@Opendoor under contract to buy ~7,000 homes in Q2, but my data (w/ ~80% coverage) only shows around 2,700 homes listed—scaled up to 100%, that’s only ~3,400. Still a massive gap compared to their acquisitions. Anyone know what's causing this huge discrepancy? $OPEN

@sper24 @ericjackson I smell bs on being an Open holder but let's say you are. Firstly, I doubt the 670 house is identical. Secondly, how do you not remove the costs involved in selling to an agent? Thirdly, there is no guarantee someone will pay what your inflated value. Conclusion, bs.

Sold my $OPEN position yesterday after getting my own Opendoor offer. I’m a believer in disrupting real estate, which is why I initially purchased the stock. The experience was smooth, assessment was easy, 4-day turnaround. Good UX. Then the offer hit. Comp in my neighborhood: $670k (same floor plan, sold pretty recently) The offer: $620k Total fees + deductions: ~$60k My net vs. just listing: -$110k This isn’t a real estate disruption. It’s a convenience tax that only works for desperate sellers. The TAM for desperate sellers isn’t a business.

Yesterday I spent an hour with Opendoor CEO Kaz Nejatian and President Lucas Matheson at their Toronto office. We discussed AI, tokenization, new partnerships, capital markets, ancillary services, why they’re hiring aggressively, and how a company trying to reinvent homeownership has to think much bigger than a traditional real estate business. More bullish than when I walked in. Full subscriber breakdown later today.

@DukeInvests @pueokeffer @RandianCapital @yang_guo @nejatian But I don't think you need 20% margins to make a lot of money with where the share price is right now. If they just increase sales volumes to just 40k per year you are looking at an 8 fold increase in share price in the medium term. It takes time to transform a business

$OPEN, there will be signs, in this case clear signs they are clearing inventory fast and avoiding tail outcomes that nuke CM in cohorts. Thank you for this transparency @yang_guo This zhould be seen by all members of the #OPENARMY please share!

@DukeInvests @pueokeffer @RandianCapital @yang_guo @nejatian Amazon has that gross margin because of Cloud, not because of their core business. Kaz is talking about Open becoming the same kind of platform as Amazon but for real estate. Further down the line I would imagine auxillary services will be introduced with higher margins.

@Pikithome @nejatian You shorts are not doin well are they, fat Temu JD Vance

@Pikithome @nejatian Nobody cares what you think Temu JD Vance

@AInnovator_ @SingularityRes You wanted to feel superior and mighty by putting someone down without providing any evidence. Without it you are just a bullshitter with a big mouth who is spouting drivel aka a clown. Go back to your sad cave little, clown.

@Aresos007 @SingularityRes I don’t need to provide proof to him because he’s well aware he’s wrong he’s been struggling to get it right for a while. The proof is on datadoor which is a paid service so it would be wrong for me to share their work. Bet you feel stupid now dummy

$OPEN might hit $950m - $1b in revenue for Q1'26 This is based on our internal data and not official number $OPEN has sold 30% more homes in Q1 26 than in Q4 25 (based on our earlier sales detection algorithms) If we assume 30% revenue growth from the $736m Q4 revenue number, we are hitting $950m and we have a few hours to still go The turnaround story is happening right in front of our eyes Link in the comments to see the details

@AInnovator_ @SingularityRes The part where you tell someone he is wrong and provide zero proof. Either do it or stfu and go back to your sad little cave, troll.

@Aresos007 @SingularityRes Which part did u not like. Are u just sad his numbers are wrong because u want them to be real. Likely reason from you monkey brained individuals

@AInnovator_ @SingularityRes Wish I was a bot so my eyes didn't read your shit

@Aresos007 @SingularityRes Oh no the bots are attacking me

@AInnovator_ @SingularityRes What a sad little moron you are.

@SingularityRes It’s not my job to help you improve I have nothing or gain from it for one. Also what makes u think I even can help you

@NarcissistX10 @nejatian @Opendoor Ah Narcissist, the well known FUD shorter on Reddit, who has been banned on the platform for posting FUD under numerous accounts. Kaz, ignore this troll and block. Don't even bother.

Kaz @nejatian, congrats on the 4.99% mortgage for @Opendoor home buyers. On March 2nd you announced this on X. You said you can't offer 4.99% forever? So what's the rates now? Minimum credit score needed? Any down payment required? Hidden costs or fees? You claim 65-85 bps worth of yield of any mortgage is the margin and inefficiency? What does that have to do with the rate you're offering? How much are you marking up home prices to subsidize the rate (which is a classic buydown play)? Beta in “limited flows and limited places” isn’t full disclosure. Where’s the transparency? American homebuyers also deserve the full math, not the hype. Show the terms. If you can't speak about it, then I understand. Then don't advertise 4.99% and leave it hanging! #MortgageRates #RealEstate #HomeBuying #OPENArmy $OPEN

@WaiWaiChen666 The thing that people overlook is that the appraisal is not necessarily what you will be able to sell it for. Not only you will have to wait but it is no guarantee that you will sell at that price.

I wanted to share a personal experience with Opendoor’s platform that really impressed me. After submitting my home address and basic information, their system began sending estimated offer updates and reminders. What stood out to me is how intelligent the engagement feels. Every time I click the link to check my estimate, their system quickly follows up with additional updates and reminders. It genuinely feels like an AI-driven customer engagement system working in real time. In addition to automated emails, I’ve also received calls and text messages from real team members following up to see if I had questions. I haven’t answered yet because I’m not planning to sell right now — I was simply curious about the process — but the follow-up has been consistent and professional. For comparison, I recently had a professional appraisal done on my home which came in at $523k, while Opendoor’s estimate is around $509k, which actually seems reasonable given their business model. From a user perspective, the platform feels efficient and well designed. If this type of AI-driven seller engagement can scale nationwide, it’s easy to see how Opendoor could build a powerful pipeline of potential sellers. Just wanted to share a real user experience😉

@Nugget_Trades Careful now, you will attract all the jealous bears...

KEY🔑: $OPEN 4.99% mortgage is a much bigger deal than most people realize. Mortgage rates are the biggest bottleneck in housing right now. Below-market financing, will increase affordability and expand the buyer pool for $OPEN homes. Many are asking “how will Opendoor make money from this?” But that’s looking at it the wrong way. Velocity matters just as much as margin expansion. Homes sitting longer increases holding costs. Holding costs are one of the largest operating expenses in the model, so faster turnover materially improves unit economics. The real value of the 4.99% mortgage isn’t the loan margin. It’s the demand function it unlocks. Lower rates → more buyers → higher conversion → faster inventory turnover → lower holding costs → more platform volume. $OPEN 2.0 🌐🏠

@JulianSorel70 @nejatian @danielsethlewis Yo Julian, how about you shut up and go back to you hole?

@nejatian @danielsethlewis I suspect that in time Mr. Lewis will likely end up being correct about you. You talk and talk and promote and post on X and talk some more. Said it before and I'll say it again: PUT UP OR SHUT UP. Sorry, but as of this moment, you're an "empty suit" until proven otherwise.

The lunacy of the $OPEN debate is that it’s actually no big deal on the 4.99%. @nejatian has embraced promotional theatrics — over real substance. This would've made sense: “We are running a test using Lennar’s system to buy down mortgages to see what it means for your business in terms of increasing the speed and volume of turnover of homes on our platform.” Fine. Go test it. That’s what experiments are for. And its great if you make it up somewhere else in the value chain. But let’s not pretend it’s something it’s not. There’s no edge here in technology, underwriting, cost of capital, loan sales, or FHA/regulatory. There are very real costs in mortgages, and not all can be eliminated even if the tech is powerful ($BETR). The $OPEN folks get defensive when people ask fair questions. They post vague responses ("you are a fool to doubt me!") and unleash an army of idiots and bots screaming about “not getting it.” The warrants, burning the shorts and the non-believers. It's embarrassing. Its unserious. DO YOUR JOBS. Educate, but do not obfuscate. Do not take a great reputation and mix by promoting it like a new $AMC or $GME ape trade. Its should be beneath @nejatian -- and I dont know why the people in the room aren't telling him as such (@rabois). cc @CedarStResearch

@nejatian @marcuslemonis @OpenDoorBullish @maelan_sdmr Kaz, don't waste time with or reveal competitive advantages to these people. Focus on the business and your objectives. The only people you need to convince is shareholders and we are behind your vision. Faster!

@marcuslemonis @OpenDoorBullish @maelan_sdmr Sure. Sounds good. But can we do it after we are out of beta?

Some people think you're not being transparent enough about the new 4.99% AI-native mortgage product @nejatian 👁👁 I wonder where you and $OPEN stand regarding transparency with this product. It's interesting to note that this has generated a lot of talk and noise recently. Very interesting.

@popculture66 @ericjackson If you keep writing the same thing over and over it becomes true, doesn't it? Pathetic deluded loser.

@Aresos007 @ericjackson Game Over Motherfucker…

**Opendoor just announced a 4.99% mortgage. Everyone is asking how they make money. That’s the wrong question.**