Rampell: Opendoor once bought nearly 10% of sub-$600k homes in Charlotte
Alex Rampell · Opendoor CEO: Building the Amazon for Homes · Oct 7, 2025 · at 4:49
a16z General Partner Alex Rampell details how Opendoor built early supply liquidity in specific regional real estate markets.
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“In one of the markets, I think it was Charlotte, if I remember correctly, almost 10% of homes in Charlotte that were under a certain price, call it like 600,000 dollar homes, which actually buys you a lot of house in Charlotte. 10% of the homes were bought by Opendoor.”
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