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$Opendoor Technologies (OPEN.US)$ a little over a month ago president Trump told all of the large home builders they need to increase production of houses in order to provide the supply in the marketplace every home builder basically told president Trump look we're publicly traded companies we have to manage our inventory our costs are expenses we have a responsibility to our shareholders to maximize profits not constantly billed to put supply in the market that doesn't have the demand only so that we lose money on our houses.
it's a known fact that many institutions buy houses they buy developments that are not selling from these national home builders and they rent them out forever
so what did President Trump do he put all the home builders in check what he said in a nutshell is institutions are prohibited from buying houses why is this important to the home builders well if home builders reduce their production because they can't sell to these institutions their revenues go to shit they miss Wall Street estimates and their stock prices go down even further
president Trump knows this so that means they're still going to have to maintain the production and sell for slightly lower prices to homeowners which in effect increases the supply to the marketplace
and in the interim every institution that buys and sells houses or buys houses and portfolios them to rent out and perpetuity they're now prohibited.
so you see you can't beat president Trump you can't out talk him you're not going to help think him
if you look back to last April with tariffs all of the large company stocks that got absolutely crushed because of tariffs president Trump's looking out for the country not a company he doesn't give a flying fuck about Open door
because the fact that the matter is open door obstructs individuals from buying houses because they take low end houses off the market and mark them up and profit from the spread and they do that for every level of house regardless of price they're in it for themselves not the homeowner
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37+ yrs in the trenches, raised 100mil for start ups, syndicate ipo's, yrs on trading desk
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Kevin Chen15 : So, the ones suffering are all the real estate developers!!! Next, they might take action against lending companies!! For the general public, aside from the down payment, what matters is the loanable amount and the monthly affordable payment—this is true worldwide; the US is no exception!! Germany faces similar issues, and the collapse of large developers has also kept Australia's housing price growth relatively high.
Kevin Chen15 10baggerbamm OP : Trump didn't ask pharmaceutical companies to lower drug prices! In fact, most pharmaceutical companies agreed to it!
Kevin Chen15 10baggerbamm OP : The situation regarding Trump's midterm elections is bound to see some action.
Jamesjinlin : Send that bastard Trump to hell ASAP. You undead zombie.
Kevin Chen15 10baggerbamm OP : Let me ask a counter-question: Is Germany's loan supervision system any worse? Large builders still went bankrupt! This issue is the same all over the world! Is the U.S. really that different???
Kevin Chen15 10baggerbamm OP : Given this, there is even more reason to take action against lending companies... even the Minister of Finance is concerned about the real estate market.
Kevin Chen15 Jamesjinlin : In reality, it will still benefit Opendoor but not significantly; higher trading volume increases their chances of turning losses into profits.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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Kevin Chen15 10baggerbamm OP : Yes!! Everything you said is correct!! The midterm elections will reveal whether he pressures loan companies to secure congressional seats!! It’s just like when he wanted Greenland! Also, I’ve been saying it's not necessarily only beneficial for this company—I also mentioned that at most they might turn losses into profits!! If they lose the congressional majority, he won't care whether his cabinet members are on his side or not!! Your dislike for Kaz is your issue and has nothing to do with me.