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Mark Cuban said sharing rent and cutting costs can help young people save money and build financial stability.
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Nejatian agreed with Cuban's rent comparison but argued that buying a first home has become much harder.
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Opendoor stock is trading below $2 ahead of its Nov. 5 earnings report.
Opendoor Technologies (OPEN) stock gained overnight as CEO Kaz Nejatian challenged billionaire investor Mark Cuban's views on housing affordability ahead of the company's third-quarter (Q3) earnings. Nejatian argued that the bigger problem is not expensive rent but the growing difficulty of transitioning from shared accommodation to homeownership, as first-time buyer age climbs to 40.
Opendoor Technologies stock traded up more than 1% overnight, ahead of Monday. The stock has been in red for the past five weeks.
Mark Cuban Says Sharing Rent Can Help Young Americans Get Ahead
In an X post, Cost Plus Drugs co-founder Mark Cuban pushed back against the growing debate over housing affordability, explaining that young Americans can make financial progress by accepting modest living arrangements, sharing expenses and taking available jobs early in their careers.
"For those who care. This is the same...