I think my friends in organized real estate have to start paying attention to how companies are evolving the definition of “homeownership”. Below is a video of a presentation given by Adena Hefets, CEO of Divvy Homes at an event held by Andreessen Horowitz.
“We believe the industry is very binary. You either rent a home, or dive in to the deep end and get a mortgage. There is no in-between.”
Adena Hefets, CEO of Divvy Homes
If you have been listening to my podcast Listing Bits you know I’ve been tracking Divvy Homes and Adena for a while now and am super intrigued.
That was a great video. Well organized presentation. Thanks for the share!
I’m fascinated. Divvy is one of a bunch of alternative financing models that will be fun to watch over the next few years.