Is co-owning a home better for your wallet? Real estate experts weigh in [FOX Business Network]
Opendoor Technologies Inc (OPEN)
Company Research
Source: FOX Business Network
Purchasing a slice of a home with your friends or family may not be as easy as it sounds. While the concept of group homeownership isn't new (think: timeshares), more and more younger generations are reportedly open to the idea of buying one-fourth or even one-eighth of a property amid a volatile and pricey real estate market "It's just a natural solution to a growing problem that we face here in America, and that many cities face around the world," co-founder and CEO of Pacaso – a property broker which lists shares of vacation homes – Austin Allison told Fox News Digital. "There's so many examples of companies that are creating sharing economy solutions to old problems," the CEO added, "and co-ownership is effectively a sharing economy solution to a housing affordability problem. So I think the younger generation is just more familiar with innovative and sustainable structures like this." After Pacaso's founding in 2020, the brokerage has sold about $1 billion in co-ownershi
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OPEN
Earnings
- 5/2/24 - Beat
OPEN
Sec Filings
- 6/20/24 - Form 4
- 6/18/24 - Form 4
- 6/18/24 - Form 4
- OPEN's page on the SEC website