Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business.
Today’s modern leaders face a different set of financial challenges than their predecessors did, but also far more opportunities. And the conventional wisdom of past generations is just that- conventional. Good Money is dedicated to demystifying personal finance for the modern leader, helping them prepare for a better future.
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Company lost money on 42% of its August resales after it failed to anticipate slide in housing demand.
Patrick Clark and
The US housing market’s sharp downturn has been bad for builders, flippers and almost anyone who had plans to sell a home when rising mortgage rates shut down the pandemic buying frenzy.
The slump has been especially harsh for Opendoor Technologies Inc., pioneer of a data-driven spin on home-flipping known as iBuying.