Redfin CEO Glenn Kelman's Daring Remarks on Future Mortgage Rates
Saturday, 10 August 2024, 20:58
Redfin CEO's Provocative Plan B
During a recent earnings call, Redfin CEO Glenn Kelman made a startling statement regarding the company's strategy if mortgage rates do not decrease.
Key Highlights
- Kelman's Dramatic Response: He suggested 'drinking our own urine' as part of their Plan B.
- Context of the Statement: Made during a formal earnings call, not an informal gathering.
- Reflects Current Market Challenges: The remark illustrates the serious strains faced by the real estate industry.
Conclusion
Kelman's quote, though extreme, highlights the unpredictable future of mortgage rates and the lengths to which companies may need to go to survive economic fluctuations.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.