[Editor’s Note: Below is the full text of our 237th Weekly Transmission, originally delivered direct to the inbox of more than 600 GEM members on December 22th, 2022. Below, I look back on a year that saw iBuying turmoil, carnage in the public markets, 3D…

[Note from editor: We publish a Weekly Transmission for GEM members, a series of long-form articles covering the spectrum from shipping container co-living spaces to the battle for listing acquisition in the first iBuyer world war. Below is this month’s sample Transmission.] NOVEMBER MONTHLY TRANSMISSION BY DREW…

[Editor’s note: Originally published on the Thomvest Blog.] Opendoor, the nation’s largest iBuyer, is going public. It is doing so via a merger with Social Capital Hedosophia Corp II (NYSE: IPOB), which is a special purpose acquisition company (SPAC) led by investor Chamath Palihapitiya. Opendoor published an investor presentation as…

[Note from the editor: We publish a Weekly Transmission for the GEM membership that consists of long-form articles covering the spectrum from shipping container co-living spaces to the battle for listing acquisition in the first iBuyer world war. Below is a sample Transmission about the Opendoor IPO announcement.  —Drew Meyers]…

This may come as a surprise, but I don’t really care what the real estate industry thinks about iBuyers — companies that make quick, all-cash offers on homes and close the transactions in days. Here’s what I do care about: What do consumers think? For…

Is Red really the new Black? It’s a catchy phrase and it reflects the apparent sentiment of some of the bigger players and their backers. Along with the other term used in the same discussion, “sustained unprofitability”, it posits that Success in the real estate…

It isn’t the same as turning lead into gold but the latest talk about red and black in the real estate industry is still nice fodder for the pundits even if it doesn’t really reflect reality. Second quarter earnings announcements and SEC filings were released…

I’m a perpetual skeptic of “real estate disrupters”. I believe that Redfin and the other discount brokerages pick at the ~5% margin of sellers who would rather save 1% than have a good experience selling their homes. The massive boom of iBuyers seem to pick…

[Note from editor: We publish a Weekly Transmission for Geek Estate Mastermind members that consists of long form articles covering the spectrum from shipping container co-living spaces to the battle for listing acquisition in the first iBuyer world war. Below is a preview of this month’s sample Transmission,…

Knock CEO Sean Black said ‘We’re building the next Amazon’ and plans to go public. They recently entered Texas, opening in Dallas and Fort Worth, with a goal of being in 20+ markets by 2020. Their vision is an end-to-end transaction platform, the railroad of real…