This isn't game changing, this is just good marketing. The real game changers are the ones over at OpenListings (YC F15) who are giving back commission checks and doing their best to eliminate the real estate agent entirely.
He's not trying to fundamentally change the market. Just like someone else mentioned, this basically a bonafide residential REIT.
They're introducing MORE costs to the transaction, creating a closed marketplace where another closed marketplace already exists, and framing it as some revolutionary startup. They're only doing this because they're big name valley guys who raised a ton of money.
He's not trying to fundamentally change the market. Just like someone else mentioned, this basically a bonafide residential REIT.
They're introducing MORE costs to the transaction, creating a closed marketplace where another closed marketplace already exists, and framing it as some revolutionary startup. They're only doing this because they're big name valley guys who raised a ton of money.