The company, backed by high-flying Silicon Valley investors like Andreessen Horowitz, had promised it would reinvent the rent-to-own model and make it more consumer friendly. High interest rates and mortgage rates thwarted those plans. Real Estate and Housing (Residential), Mergers, Acquisitions and Divestitures, Renting and Leasing (Real Estate), Interest Rates, Divvy Homes Inc The company, backed by high-flying Silicon Valley investors like Andreessen Horowitz, had promised it would reinvent the rent-to-own model and make it more consumer friendly. High interest rates and mortgage rates thwarted those plans. NYT > Business
Divvy Homes, Once Valued at $2 Billion, Is Sold for Half That Price
