undefined | Better HN

0 pointssoperj3y ago0 comments

For the greater world I'd say definitely.

0 comments

>For the greater world I'd say definitely.

Could you elaborate? I honestly don't understand...

The effects of subprime crisis was not limited to the US. And instead of people not being able to afford homes, there were lots of people worldwide who lost their homes after they lost their jobs and their properly values collapsed.

https://www.globalpropertyguide.com/investment-analysis/The-...

Opendoor is US only (as far as I know) so the layoff justification just seems silly.

yamtaddle3y ago

I think it's possible market velocity is lower now (house prices still somehow insanely-high while mortgage rates are also much higher than they've been for many years) and expected to remain so longer, than in 2008, which might mean it is worse for Open Door, if not overall.

j / k navigate · click thread line to collapse