Matt Schafer
171 posts
Matt Schafer
@schafer_matty
Husband, father of 3, Aussie doodle owner, lake/mountain enthusiast, realtor, Christ follower
Prior Lake, MN Katılım Şubat 2022
138 Takip Edilen109 Takipçiler
The housing market isn’t “crashing.”
It’s splitting in half.
Luxury homes: selling fast
Middle-class homes: frozen
The top 10% are living in a different economy than everyone else.
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@unusual_whales That 72% are living the American dream and just don’t know it. Many people in other countries would trade places with them in a heartbeat.
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72% of Americans feel they'll never achieve the American dream, per RealtorCom
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Happy Easter! He is Risen!
What a day celebrating our resurrected savior!
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@NoLimitGains 1/3 of all homes are owned free and clear. Another 1/3 have over 50 % equity. We’ll be okay. 👌
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@schafer_matty @Galois_Capital I'm happily married but it's a helpful framework for people with commitment issues or those so delusional to think "the perfect woman" exists
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Offering up to $50k referral fee for whoever intros me to my next gf/wife. Must be very hot and easy going. DM for details.
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@tradebutwhy @Galois_Capital You’re clearly looking for women in all the wrong places.😉
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@Galois_Capital All women are batshit crazy, you just have to find one you’re willing to put up with
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@donaldjdean Have you been through an open door property before? Have you ever gone through the open door experience on a listing? Open door properties are the worst of the worst listings on the open market. You can tokenize a piece of crap and it’s still going to be a piece of crap.
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Opendoor - The Future of Real Estate - Here's 10 Reasons I'm Extremely Bullish on $OPEN
1. Revolutionizing $2T housing like Uber did rides — instant, digital, no-agent future
2. AI pricing + underwriting = massive cost savings & faster turns (already cutting $3-5k/loan)
3. Lower rates tailwind: mortgage rates collapsing → 46% QoQ acquisition surge, 15%→41% rev growth '26-'27
4. 4.99% fixed mortgages (1% below market) embedded in buying flow = huge conversion & velocity boost
5. Tokenization edge: deep data moat positions Opendoor to lead blockchain real estate & fractional ownership
6. Nationwide in 50 states + remote photos + 300% acquisition ramps = Shopify-level operational scale
7. Path to breakeven: positive unit economics, 23% faster inventory, high-margin title/escrow add-ons
8. Data moat like Reddit → future licensing/monetization of housing insights in AI era
9. High short interest + retail momentum = classic squeeze setup (PLTR/CVNA vibes)
10. Full-stack optionality: embedded finance, Zillow partnerships, rental-to-own → multi-trillion TAM capture
Kaz Nejatian@nejatian
Given that this got a lot of questions. Let me be helpful. Again. This is early. We have a lot to learn. But structurally at least 65-85 bps worth of yield of any mortgage is the margin and inefficiency that goes to the chain of companies and sales and ops people that touch that mortgage. You reduce that, you reduce the costs. There are also obviously scale advantages. We haven’t invented new math here. What we have done is say if our goal was to offer the lowest mortgage rate possible rather than make the most amount of money possible, what would we do? We are early but we have been able to automate away much of the flow and we believe we can automate the rest. Also, Opendoor as the seller of the home has unique cost structures that allow us to do things (for example I’ve talked about this publicly, sitting around waiting for a mortgage to get funded by a bank is a relatively large cost for us today!). Our mortgage product is live only in limited flows in limited places. We are early. But, thus far, we think we are onto something.
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@elonmusk Happiness is temporary. True Joy comes from the Lord. “The joy of the Lord is my strength”.
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@TheLongInvest Hey, this was a huge drop today but for those that played the game right, there was a lot of money made over the last year.
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SILVER well that is a dose of reality
Parabolic moves are met with equal declines.
No asset is exempt from this.
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Some are comparing this to Jesus flipping the tables in the Temple and they couldn’t be more wrong.
First of all, it was HIS HOUSE. “My Father’s house will be called a house of prayer.”
Secondly it was against commercial corruption of worship not legislation.
Third, he didn’t terrorize children.
Fourth he stayed and ministered after. He didn’t terrorize and taunt people on their way out.
Fifth Jesus fulfilled prophesy when doing so, the protestors just broke MN law and may have violated the FACE Act.
They are NOT the same. You don’t get to break the law and terrorize children and claim you’re doing just like Jesus did in flipping tables.
ALL of our political and spiritual leaders must condemn this!
Center for Baptist Leadership@BaptistLeaders
Shocking footage from Cities Church in Minneapolis this morning (an SBC church) where an anti-ICE mob stormed the service and disrupted their worship, alleging one of the church’s lead pastors is an ICE agent.
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I’m a realtor. The market is brutal right now. I had a young couple, first-time buyers. Pregnant, sweet, barely scraped together a down payment. They fell in love with a small bungalow. It was perfect. But then came the bidding war. Cash offers. $20k over asking. They didn't stand a chance. We sat in my car, and the wife was crying. "We're never going to find a home for the baby." I went to present their offer to the seller anyway. The seller was an elderly man named Arthur. He was moving to assisted living. He looked at the spreadsheet of offers. He saw the high numbers. Then he picked up the "Love Letter" my clients wrote—something most sellers ignore. Included was a picture of their sonogram. Arthur stared at it. "My wife and I bought this house in 1964," he said. "We raised three boys here. I carved their heights into the doorframe in the kitchen." He pushed the high cash offers aside. "I don't want an investor renting this out," he said. "I want that doorframe to be used." He sold it to my clients. For $10,000 under asking price. When I told them, they collapsed. Arthur left them a note on the counter when they moved in: "The house needs noise. Fill it with love."
Anonymous
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My wife & I are 36 years old
Have a 1 year old son at home
Don’t want more kids
Our annual expenses are $60k
We have $1.5 million liquid
And a paid off $800k house
But I still feel so far from freedom
Something is wrong in the world today
Or is something wrong with me? 🤔
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@eurofounder @depression2019 If you’re 38 and living with roommates, you’re doing it wrong. Get married and have kids.
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@TheLongInvest @AS_Investing Serious question Captain. Is everybody simply copying your trade recommendations at this point. everybody on X seems to be promoting the same few stocks? Somewhat concerning.
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If you bought $UNH $NVO $HIMS $OSCR $ASTS $ZETA $GRAB $BABA $BIDU $JD $NIO $RR and logged out for a year… I think you would be very happy (and rich) when you log back in.
GIF
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Apparently, the new neighbors where we are building new luxury apartments are less than thrilled with the runoff during construction.
Sorry Karen, like where else would you like me to grade the parking lots???
Your backyard was path of least resistance which means more money in my pocket.
The nerve of some people, I’ll tell ya.
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@accounting_ds Get married and have kids. It’s more fulfilling than looking at a number on a screen.
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@GrahamAllen Minneapolis public schools were just cancelled for Jan 8th and 9th due to safety concerns.
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If people get injured or die tonight in Minneapolis Tim Walz should be in jail!
He is not only to blame….he incited it!!
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