Better Home & Finance remains unattractive because it lost $206 million on $108 million of revenue in 2024, nearly $2 lost per dollar brought in, and has lost over $1.5 billion since 2022. Those losses drove the bearish view despite Eric Jackson's claim it could be a 350-bagger. x.com 

A clearing of the gloomy environment will make lending stocks the next multibaggers. SoFi, Upstart and Klarna are down now, much as many cybersecurity stocks were before rising two- to fourfold in under six months. Better Home & Finance (-75% YTD), LendingTree (-55%) and Rocket (-47%) join them among lending names whose current prices will look dirt cheap in 2028-2029. x.com  x.com 

Better Home & Finance is now the favorite lending tech company, even over Upstart, though riskier because it is still very early. Its HELOC with a credit card turns home equity into a revolving credit line, making borrowers long-term customers and generating fees, and a Coinbase partnership lets borrowers use bitcoin or USDC as loan collateral. It grows at 40% yet trades at half Upstart's valuation, with fair value estimated at $40-50. x.com