 12/28/2020 Disruption in Real Estate: It's About Time ✔️ Why the old way of buying and selling homes is going away... ✔️ The company that could lead the charge in changing real estate as we know it.  If you're a swing trader like me, you might think that stocks are the best investment out there.
But if you're looking for a passive buy-and-hold investment, history says stocks aren't the best.
Many people are surprised to hear that from 1996–2015, real estate was the best-performing asset class.
Gold came in second. Stocks came in third as a buy-and-hold asset.
But the process of buying and selling real estate is an archaic process.
Buying and selling stocks can happen with a click of the mouse. Gold can be purchased online from reputable dealers instantly.
But real estate is still stuck in the stone age. Real estate agents make exorbitant commissions. The laws vary from state to state. Appraisers often have no clue what they're talking about. The list goes on and on…
That could be changing.
Let's talk about the desperate need for change in the real estate market — and the open door that's right in front of you. Sponsored Ad "Meet the Guy Who Just Hit $1M in Stock Trading
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Real Estate
One of the oldest assets is people's land and home. But the process for buying and selling it is terrible.
Buyers are stuck in a constant scheduling struggle. They need to work so they can afford a house. But also find the right time to meet with an agent so they can look at a house.
It's not any better for the sellers. When listing a home for sale, you've got to get your house in pristine condition. You need to make it look like humans have never set foot in there. Then, you hope you can get a decent offer.
When you actually sell your home, you have to pay commissions to the buyer's agent and your own. This can total up to 6% of the sale or more…
I know when I make an investment that can return a 20% profit, I don't want to give 6% away. That's a big chunk going to pay other people who took no risk…
I think that isn't fair. It needs to change. Opendoor is looking to turn the business upside down… Opendoor
Want to buy or sell a home? Opendoor Technologies Inc. (NASDAQ: OPEN) has an app for that. This company is changing the real estate market. And it just started publicly trading.
Opendoor is changing the industry. The old way is doomed. Real estate needs to be brought into the 21st century like all other investments.
With Opendoor, sellers no longer need to live in a house museum. No more waiting on the 'right' offer to come along. No more paying 6% commissions…
Buyers no longer need to coordinate schedules with agents trying to find a time to view a house.
With Opendoor, sellers can get an offer in a matter of hours from the comfort of their own messy homes.
Buyers can view houses on their own. They can unlock the door with their smartphones.
Opendoor just went public, too. But not in the traditional way… Sponsored Ad  After making over $6 million trading penny stocks over his career...
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The SPAC Difference
Traditionally, a company that wants to go public does so through an IPO, or initial public offering.
SPACs (special purpose acquisition companies) provide an alternative way for a private company to start trading publicly.
The SPAC starts with an SEC filing. It sells shares to the public through an IPO but has no underlying business. The cash raised sits in escrow. This is to keep everyone honest as the deal plays out.
The SPAC then finds a company to buy or merge with. Once the SPAC and the private company agree on a deal, it goes to the shareholders for a vote.
If everyone agrees to the deal, the newly formed company starts trading with a new ticker.
It's been a super-hot trend. Big-name companies like Virgin Galactic Holdings, Inc. (NYSE: SPCE) and DraftKings Inc. (NASDAQ: DKNG) have gone public through SPACs.
Social Capital Hedosophia Holdings Corp. II (NYSE: IPOB) shareholders approved the deal with Opendoor on December 18. The new ticker is OPEN, and it started trading on December 21.
SPACs have turned the IPO process on its head. Opendoor could turn the real estate market upsidedown. Disruptive Technology
The real estate market has stayed the same for decades.
The agents are making all the money while the buyers and sellers are doing all the work.
It couldn't stay this way forever. Opendoor is offering an alternative way to do business.
I'm a huge fan of disruptive technology and businesses that challenge the status quo.
Opendoor does just this. It's outside of traditional thinking. When an industry refuses to change, a new company can help to drive change. OPEN Season
I'm not saying this company will take over the world. But I'm not saying it won't, either.
The potential to change real estate is real. It needs to happen. Opendoor is a step in the right direction.
But it might not be the driver that the industry needs. So I'm not ready to go all-in on this deal. I was buying in the $19s and took some profits at $27.*
There's still a significant risk involved. SPACs tend to trade a little differently than traditional IPOs.
And the next move is unclear. The stock has a lot of potential, but the industry is in no hurry to change.
I'll be keeping an eye on this one. I wanted to make sure it was on your radar too. Sponsored Ad  If you're tired of grinding your life away…
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Real Estate in 2021
Real estate needs to change. Opendoor has the potential to change it.
Will the market accept this new method? Time will tell. This could be one of the hottest plays of 2021.
But be cautious. There's still plenty of uncertainty in the market. Real estate prices have climbed to record levels in 2020.
If the stock market or the real estate market takes a downturn, that could spell trouble for Opendoor.
Never risk more than you can afford to lose. No trade is a sure thing. I like what I see in this stock but I'm always willing to be wrong.
Open up,
Paul Scolardi Editor, Swing Trade Millionaires
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