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Perhaps another way of thinking about it is in terms of being a market maker versus a speculator. I think of Opendoor as more like the former, where traditional
by kandalf 10y ago
Perhaps another way of thinking about it is in terms of being a market maker versus a speculator. I think of Opendoor as more like the former, where traditionally a flipper refers to the latter.
- amalag 10y agoMarket makers make money on the spread and facilitate liquidity. Speculators hold an asset (sometimes short term) for a rising price. Flippers traditionally do benefit from a rising market because of longer hold times.