Is Opendoor the payday loan of real estate?

  • According to research, median Opendoor homesellers give up 14 percent of their homes' value through equity and fees.
  • The results for homeowners are like a payday loan: Some scenarios could push seller loss percentages into the 20s.

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To Opendoor’s credit: There is a need in some specialized cases to turn real estate into a liquid asset in short order. There’s good cause for some buzz, but the fawning over Opendoor’s value to the consumer seems off-key.