Nejatian: Expecting 20% margins buying homes below market is naive
Kaz Nejatian · Opendoor CEO, Kaz Nejatian: OpenAI and Oracle, How Can Either Afford to Do This · 20VC with Harry Stebbings · Sep 18, 2025 · at 17:27
Opendoor CEO Kaz Nejatian argues why pure iBuying home discount margins clear over time in competitive markets.
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“And if you think for a very long time, you're going to have 20% margin buying homes cheaper than someone else, you're just straight up dumb.”
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