Anthony Pompliano

What's going on, guys?

Today, we've got a great episode with Kaz Nadastian.

He is the CEO of Opendoor.

And in this conversation, we talk about the housing market, what's going on with interest rates, how he's thinking about tilting the world towards home ownership, and what's going on inside of the company, his viewpoint on building companies, and how you as a retail shareholder actually can interact with the company and why he wants you to hold them accountable.

This conversation is littered with all kinds of insights and very unique thoughts that you're not going to find anywhere else.

I hope you enjoy this conversation with Kaz.

All right, Cass, I thought a great place to start the conversation.

You have a company, which is one of the most widely held stocks in all of America.

So Americans are very interested in what happens at Opendoor.

You've got this mission of tilting the world towards home ownership, which I think is something that people, when they hear that, they just immediately are like, I want that guy to win.

I want that company to win.

Can you describe a little bit why you left an amazing job, an amazing opportunity, and went to Opendoor, and why this is such a calling for you?

How much of people buying homes after 40, can all these demographic or kind of industry trends are because of economic reasons, like just straight cost or economic friction versus consumer behavior changes?

Hey, I actually want to be more mobile.

I want to be kind of a little bit more transient.

It's become much harder.

But it's almost like by adding liquidity to the market, people should want to transact more.

Correct.

Now, most of Opendoor's critics will argue iBuying doesn't work.

It's a broken model.