Kaz Nejatian

speaker

603 appearances 1 recordings 1 series first heard Jan 2026 last heard 23 Jan

Kaz Nejatian’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jan 2026 with 1.

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The Pomp Podcast · Opendoor CEO: Housing Is Broken (Here’s the Fix) | Kaz Nejatian · 23 Jan 2026 podcast

I was talking to one of our customers in Minnesota, and he said, hey, I have a job in Dallas.

I want to move.

If I list my home in Minnesota right now, it'll take me 180 days to sell it, which means I can't buy a place in Dallas.

My family has to stay in a hotel.

I can't afford down payment.

An open door says, great, we'll give you an offer in 48 hours.

We'll close in 14 days, move to Dallas.

So I think there's actually a very real thing because the days on market has become so long, people are less willing to make the commitment.

I mean, that's a real thing that happens in literally every market, right?

When you added liquidity to a car market, people bought more cars.

It's a very real thing.

But a lot of it is the first thing, which is, look, I think if you go back to not that long ago, go back to 1990, the average American would have had to spend four times their annual salary to buy a home.

It is now almost six.

The cost of housing, because of the friction, has gone disproportionately high while mortgage rates have calmed down.

Mortgage rates are lower than they used to be.

They're not as low as they were a few years ago, and they should go back there because interest rates are artificially high right now.

But mortgage rates were lower than they were in 1990 or 1980, but the prices of houses were much lower as a percentage of your homeownership.

The second thing also, if you think of cars...

Cars transact much more quickly than homes do, much more efficiently.

And a car is only, on average, about 10x less expensive than a home for an average family.

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