Opendoor and Zillow in iBying

Opendoor has a bunch of structural advantages built into its DNA that Zillow will struggle to compete with. Opendoor knows far better, for example, how to price out repairs than Zillow does. The company spends around 2% of its revenue on home repairs versus Zillow's 5%. It can't cut them out of the transaction and ends up paying over 50% more than Opendoor on agent commissions.