This episode carries Adena Hefets's own address, with nobody on the show putting
questions to them. It still counts as said, and it is kept out of every score on their page.
Adina Hefetz, co-founder and CEO of Divvy Homes, describes being rejected for a personal mortgage by three banks despite leading a venture-backed company.
“I personally applied for a mortgage last week. I applied to three different banks, and I got rejected from all three banks. I was told that as a founder, my current income was too low to support a mortgage.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Adena Hefets
PredictionDidn’t hold up
Hefets: US home prices will decline 10% to 15% by Q1 2023
“Our view at Divi is that we're gonna start to see heading into Q-one year-on-year declines in home prices across Economist. That is likely to be somewhere around 10 to 15% year-on-year home price declines.”
Adena HefetsFeb 6, 2023▶ 17:22Easing the Housing Crisis by Building Better Tools
PredictionHeld up
Hefets: Housing downturn will not be as extreme as 2008 crisis
“So I don't think that we're going to see something as extreme as the, that last housing crisis.”
Adena HefetsFeb 6, 2023▶ 19:50Easing the Housing Crisis by Building Better Tools
PredictionPartly held up
Hefets: The housing downturn will wipe out gains from 2020 to 2022
“What I do think is that we are going to wipe out some of the gains that were made in the last two to three years.”
Adena HefetsFeb 6, 2023▶ 19:57Easing the Housing Crisis by Building Better Tools
AssertionPartly supported
Hefets: 80% of Americans cannot afford a home at current mortgage rates
“Based off of our 7.15% average 30 year fixed rate mortgage and then based off of an average home price of 400,000 dollars, 400,000 dollars, which is the average home price in, in the U.S. Only 20%, 20% of Americans, based off the median income, ah, at differen…”
Adena HefetsFeb 6, 2023▶ 2:32Easing the Housing Crisis by Building Better Tools
Disclosure
Hefets: Divvy capped annual home buyback appreciation at 6% during market spikes
“It didn't feel right to me, so instead of using exactly what that third party said, I set a cap, and I said, we're not gonna charge any more than six percent appreciation annually, and I don't know where to pull that number from, right?”
Adena HefetsFeb 6, 2023▶ 12:39Easing the Housing Crisis by Building Better Tools
Insight
Hefets: Tech startups, not government, bear onus to initiate regulatory dialogue
“Is the onus on government to reach out to us and say, hey, let's have a conversation? And truthfully, I don't think that's the case. I think the onus is on us companies to make sure we are opening up that dialogue, that we're showing up for events like this, t…”
Adena HefetsFeb 6, 2023▶ 14:06Easing the Housing Crisis by Building Better Tools
Made with StarZero
Turn any episode into a week of clips.
This entire site, over 1,000 episodes transcribed, diarized, checked and made playable,
runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the
moments worth sharing, cuts them, captions them, and reframes them for every feed.
We use essential cookies to make the site work. With your permission we
also use analytics cookies (Google Analytics and Mixpanel) to understand
usage and improve StarZero. See our Cookie Policy.