Disclosure certainty 4/5 debate potential 1/5

Hefets: Divvy Homes generates hundreds of millions in revenue, burns under $5M/month

Adena Hefets · #AIS: Divvy Homes CEO Adena Hefets breaks down the state of the US housing market · May 29, 2022 · at 27:23

Adena Hefets, CEO of Divvy Homes, discloses key financial metrics and team size during a panel at the All-In Summit.

0:00 / 0:17exact quote · 17.9s
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“But now, now you have to just, now I'd say, look, Divi, we make, I don't know, we haven't probably put out there, but hundreds of millions of dollars in revenue. I burn less than I don't know, five to ten million a month, so less than five million a month. We have 300 employees”

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

Assertion Contradicted
Hefets: Top 50% of US households own 99% of total wealth
“99% of wealth, ah, is owned by the top 50%, and the bottom 50% only own one percent of wealth here in the United States.”
Adena Hefets May 29, 2022 ▶ 2:26 #AIS: Divvy Homes CEO Adena Hefets breaks down the state of the US housing market
Prediction Not yet assessed · timeframe Nov 2023
Hefets: US home price growth will slow in 12 to 18 months
“At some point there's gonna be enough inventory coming online, that there's going to be enough supply, and a decrease enough in demand that it will impact home prices. Now, I don't know that that's gonna be in the next six months. I actually think it's gonna b…”
Adena Hefets May 29, 2022 ▶ 18:19 #AIS: Divvy Homes CEO Adena Hefets breaks down the state of the US housing market
Assertion Supported
Hefets: Bottom 50% of US families own zero percent of directly held stocks
“The bottom 50% Of families and household own one percent of overall equities in the market, and when you look at directly held stocks, so stocks in the stock market, they own zero percent, right?”
Adena Hefets May 29, 2022 ▶ 5:04 #AIS: Divvy Homes CEO Adena Hefets breaks down the state of the US housing market
Assertion Partly supported
Hefets: US homeowners have 75 times the average net worth of renters
“Homeowners, on average, have 75 times The net worth of a renter.”
Adena Hefets May 29, 2022 ▶ 6:20 #AIS: Divvy Homes CEO Adena Hefets breaks down the state of the US housing market
Insight
Hefets: A $10,000 home price hike disqualifies one million families from buying
“A 10,000 dollar increase in home prices means one million fewer families can own a home.”
Adena Hefets May 29, 2022 ▶ 12:53 #AIS: Divvy Homes CEO Adena Hefets breaks down the state of the US housing market
Assertion Not checkable as stated
Hefets: 51% of Divvy renters buy back their home after three years
“51% of Divi's customers who have come to the end of their three-year lease have been able to buy back their home.”
Adena Hefets May 29, 2022 ▶ 15:23 #AIS: Divvy Homes CEO Adena Hefets breaks down the state of the US housing market
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