Kaz Nejatian

“There's all these frictions that exist because the system everywhere is subscale. One. Two, because there's so many principal agency problems. Right? The second one. And third, because there's so many of these transactions or one-time transactions.”

“The place at which interest rate increased were I mean, I think we can say in hindsight, this was, like, deeply irresponsible for the country.”

“It's like the honest, like from the time someone asked that question to the time we launched the product was maybe, I think, 12 days.”

“In North Carolina, Georgia, and Louisiana. I think those three states. You can't close a real estate transaction digitally. You have to have a wet signature.”

“Carvana moves every single car they buy. Like, Opendoor does not move homes. Like, homes stay where they are.”

“But what happened in the US with interest rates had basically never happened before. And I think will literally never happen again because it was so obviously stupid.”

“If you care a great deal about what's said about you in the Wall Street Journal, running a public company is incredibly difficult. It's just very difficult. Luckily, I just don't care.”

“Everyone, like, everyone pays at least one extra mortgage payment or one extra rent payment, as frequently more.”

“The good news is you can get, like, 10 X value just by unwinding those mistakes, which Kaz is definitely doing.”