News for hackers. Stuff that matters.

A comment on FTC takes action to stop Opendoor from cheating potential sellers. Parent comment

Re:FTC takes action to stop Opendoor from cheating potential... by nathanvanfleet on Monday August 01, 2022 @04:34PM (#32311689)
So you're saying the FTC wasn't understanding the basics of home buying, and OpenDoor wasn't able to convince them either since they ended up paying 62 million dollars to balance things for the sellers affected? It kind of sounds like the people actually involved here may very well know about, you know, their business, and you might be in the position of someone who's just armchair speculating?
[ Parent | on HN ]
Re:FTC takes action to stop Opendoor from cheating potential... by TuringNYC on Monday August 01, 2022 @06:12PM (#32312740)
>> So you're saying the FTC wasn't understanding the basics of home buying

I'm saying the FTC letter, which i quoted, is very vague and offers no clear argument nor addresses the tradeoffs.

Its like complaining about stock brokerage MARKET orders that hit the ASK PRICE and then saying you could have gotten a better price with a LIMIT order (though then you may not get an executed order at all...)

[ Parent | on HN ]