jim michel

[jim michel @jimmichel2]

No guarantee, and this is just my thoughts and I could be completely wrong but I think things are going to really pick up in 2027, possibly much faster than most are thinking. It’s a ton of work, but this is his wheelhouse. Keep in mind what Kaz said…. $OPEN

“I generally think we’re going to surprise people by how much of the U.S. housing market will flow through Opendoor next year.”

“Just look at Amazon. What did Amazon do? First, they sold their own stuff in their own warehouses, 1P. They sold the things that they sold, but it shipped from other people’s warehouses, 2P. Other people’s stuff out of other people’s warehouses, 3P. Amazon launched other people’s stuff from Amazon’s warehouses using Amazon Pay.”

What “moving from 1P to 3P” means for Opendoor

Opendoor’s long-term vision is to evolve from a pure iBuyer (heavy 1P) into a managed marketplace platform where both models coexist and, over time, more volume shifts toward 3P.

1P: Opendoor buys homes and sell them (core cash offer).

2P: Intermediate/hybrid products such as “Cash Now, More Later” (still involves Opendoor ownership but with shared upside/risk and more capital efficiency).

3P: Buyers and sellers transact directly on Opendoor’s platform using its tools and services, with no (or very little) company balance-sheet capital. This allows Opendoor to profit from every sale, with less risk, less holding expenses, and making it cheaper for homeowners, his core initiative.

Kaz has said they are currently focused on getting excellent at steps 1 and 2 before fully scaling into 3P, because excelling at the first two stages makes the third MUCH easier and FAST.

Why it matters

Risk and capital: 3P is far less capital-intensive and reduces exposure to housing market swings.

Scalability and margins: A successful 3P/marketplace layer can grow volume without proportional balance-sheet growth and should improve overall profitability profile over time.

Business model evolution: It shifts Opendoor from “we own and flip houses” toward “we power seamless home transactions” (with services like title, mortgage, etc. layered on). This cancels out people’s complaints about the iBuyer model not being profitable.

Opendoor moving from 1P to 3P, means the company can reduce its reliance on balance-sheet-heavy home ownership and building toward a higher-margin, capital-light marketplace model while still running the traditional iBuying business. Makes sense with all of the products there are building… think Shopify.

Obviously not financial advice and possibly me just being hopeful but I think regardless, @nejatian knows what he’s doing.

(I believe my quotes from Kaz are accurate and apologize for any typos and/or mistakes)

[jim michel @jimmichel2]

@dchristou369 @pappygist @nejatian 😂

[jim michel @jimmichel2]

@opendoor8282 @pulte @SecScottBessent Damn that’s young 😔

[jim michel @jimmichel2]

Are we sticking to your original point or are we changing topics now? You said he was issued 136 million shares, correct? You can’t make a comment, I question it, and then jump to something else and pretend like you are correct. The answer is he did not get those shares. There is a vesting schedule and they are only awarded at intervals of $6.24, $9, $13, $17, $21, $25, $29 and $33. So I find it hard to believe it is a rug pull, which your comment was in defense of someone calling it a “rug pull” was it not?

[jim michel @jimmichel2]

@RilezSr @wsu311 @TheLongApe @ericjackson @nejatian How do you know I don’t have 6? Look who is now defending the uninformed.

[jim michel @jimmichel2]

@RilezSr @TheLongApe @ericjackson @nejatian lol I’ll admit that one made me laugh. Credit given when credit due 😂

[jim michel @jimmichel2]

@wsu311 @RilezSr @TheLongApe @ericjackson @nejatian Oh wow… didn’t know that. Maybe you should look at how he gets them before you join in with the AI answers. Hard to do the rug pull and get all those shares now wouldn’t it? Just more uninformed FUD

[jim michel @jimmichel2]

@RilezSr @TheLongApe @ericjackson @nejatian Calling it a rug pull is quite accusatory with literally zero evidence. Not really a debate… just another keyboard warrior posting nonsense.

[jim michel @jimmichel2]

This is literally the most ridiculous think I’ve seen posted in a while. A rug pull by @nejatian? Are you thinking he left Shopify for a measly $15 million make whole award? One I firmly believe he has a very strong moral compass and just simply wouldn’t do that. Also, you don’t give up what he did at Shopify for $15 million. Just another nonsense post by someone trying to be an asshole with zero merit to the claim.

[jim michel @jimmichel2]

@kuokuokkuo @nejatian @usppdd @Opendoor_God @Opendoor @vu0tran

[jim michel @jimmichel2]

@wsduckk @HiralKanaiya @nejatian @Opendoor_God @Opendoor Ok so as I thought… literally zero validity to your statement. Just another person on X trying to bash the company by posting BS with no actual proof. Thanks for confirming.

[jim michel @jimmichel2]

@wsduckk @HiralKanaiya @nejatian @Opendoor_God @Opendoor Pictures?

[jim michel @jimmichel2]

$OPEN

[RealOpenArmy @RealOpenArmy]

join us for episode 2 of our monthly $open space series! 🎙️

this month, @jeffye888 is joining us to share his views on the macro environment and how resilient opendoor may be.

open army appreciates jeff taking the time to join us and share his perspective. if you don’t know jeff yet, here’s a little more about him
https://t.co/1OtfDoxEJg

https://t.co/DlvjmzOrLX

[RealOpenArmy @RealOpenArmy]

join us for episode 2 of our monthly $open space series! 🎙️

this month, @jeffye888 is joining us to share his views on the macro environment and how resilient opendoor may be.

open army appreciates jeff taking the time to join us and share his perspective. if you don’t know jeff yet, here’s a little more about him
https://t.co/1OtfDoxEJg

https://t.co/DlvjmzOrLX

[jim michel @jimmichel2]

@Florian_0707 Any reason why/when you are anticipating this?

[jim michel @jimmichel2]

@ladyzManz I guess anything is possible and probably will get worse before it gets better. Eventually ir will turn, when… who knows.

[jim michel @jimmichel2]

$OPEN

If it can survive in this current macro… it’s not even a question over the next two years. Patience will pay off big. Don’t listen to the FUD.

[Sticks @Stickstostocks]

Tough environment for $OPEN

If the team proves they can execute in this climate they will absolutely dominate when things get better.

[jim michel @jimmichel2]

@NolanRyan522 @maelan_sdmr @nejatian

[jim michel @jimmichel2]

@vharbinger That’s fair.

[jim michel @jimmichel2]

@NolanRyan522 @maelan_sdmr @nejatian So what you are saying is… you are just gonna keep spewing nonsense and not explain your previous statement that was pretty accusatory. For you…

[jim michel @jimmichel2]

@NolanRyan522 @maelan_sdmr @nejatian Showing a chart doesn’t explain a single thing you said. Pretty weak argument.