You’re not crazy for buying $OPEN down here. Additionally, the debt obligation of $ 946 million (current) has only $ 452 million due this year. I am going to stick my head out there and say that the risk-reward ratio is heavily weighted towards reward at this point. @ericjackson is not wrong on this. Whether it can be 82, I don't know. Additionally, these are non-recourse loans, meaning that if the value of the homes falls and Opendoor can’t sell them for enough to repay the loan, the lender cannot go after Opendoor’s corporate cash, equity, or other assets. So, downside is capped. If rate drops, there will be a re-price.