Shares of Opendoor Technologies Inc. ($OPEN) have attracted renewed interest from retail investors, with notable figures such as Anthony Pompliano publicly purchasing shares. Market participants are optimistic about the company’s prospects, with the stock trading around $82. Discussions among investors emphasize the potential for Opendoor to unlock substantial shareholder value by exploring strategic initiatives, including focusing on assumable mortgages. This approach could help address housing affordability by enabling sellers to receive approximately $20,000 more per home and allowing buyers to retain lower mortgage rates amid rising market rates, potentially unlocking $9 trillion in low-rate loans. Additionally, some investors suggest that Opendoor could enhance its treasury by acquiring Bitcoin and accepting cryptocurrency payments, aiming to attract broader community support. There is also speculation about leadership changes, with calls for CEO Carrie Wheeler to step down to unlock further value. Pompliano has extended an invitation to Wheeler for a public discussion regarding the company’s current state and growth plans. These developments come amid a challenging U.S. housing market environment, where innovative solutions are sought to reduce borrowing costs and improve market dynamics.
Once $OPEN buys a strategic amount of $BTC for their treasury and accepts BTC payments. We will bring the whole crypto community to support the journey to $82 @ericjackson, another idea to add to the LONG list
If @Opendoor focused on assumable mortgages, they’d be at the center of fixing housing affordability in America. 📈 Sellers get $20k more per home (solving the lock-in effect) 🏡 Buyers keep 3% mortgage rates even when market is at 7% 💵 $9T of low-rate loans unlocked for
$OPEN longs tonight https://t.co/cTb4w0XkSO