CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
|
Dec. 31, 2020 |
Dec. 31, 2019 |
| Common stock, par value (in dollars per share) |
$ 0.0001
|
$ 0.00001
|
| Common stock, Shares Authorized (in shares) |
3,000,000,000
|
485,262,910
|
| Common stock, Shares Issued (in shares) |
540,714,692
|
83,748,443
|
| Common stock, Shares Outstanding (in shares) |
540,714,692
|
83,748,443
|
| Cash and cash equivalents |
$ 1,412,665,000
|
$ 405,080,000
|
| Restricted cash |
92,863,000
|
279,742,000
|
| Real estate inventory, net |
465,936,000
|
1,312,369,000
|
| Escrow receivable |
1,494,000
|
13,882,000
|
| Other |
24,987,000
|
30,879,000
|
| Other current assets carried at fair value |
373,000
|
100,000
|
| Property and equipment |
29,228,000
|
34,606,000
|
| Other assets |
4,097,000
|
5,394,000
|
| Total assets |
2,175,582,000
|
2,231,684,000
|
| Accounts payable and other accrued liabilities ($6,440 and $0 carried at fair value) |
25,270,000
|
32,977,000
|
| Interest payable |
1,081,000
|
5,808,000
|
| Current portion of credit facilities and other secured borrowings |
346,322,000
|
1,074,125,000
|
| Credit facilities, net of current portion |
135,467,000
|
221,929,000
|
| Total liabilities |
575,575,000
|
1,583,285,000
|
| Variable interest entities ("VIEs") |
|
|
| Cash and cash equivalents |
15,849,000
|
86,526,000
|
| Restricted cash |
81,408,000
|
268,368,000
|
| Real estate inventory, net |
460,680,000
|
1,312,194,000
|
| Escrow receivable |
1,364,000
|
13,798,000
|
| Other assets |
5,365,000
|
11,995,000
|
| Total assets |
564,666,000
|
1,692,881,000
|
| Accounts payable and other accrued liabilities ($6,440 and $0 carried at fair value) |
2,335,000
|
9,199,000
|
| Interest payable |
1,059,000
|
5,784,000
|
| Current portion of credit facilities and other secured borrowings |
339,173,000
|
1,042,984,000
|
| Credit facilities, net of current portion |
135,467,000
|
221,929,000
|
| Total liabilities |
$ 478,034,000
|
$ 1,279,896,000
|
| Series A convertible preferred stock |
|
|
| Shares Authorized (in shares) |
0
|
40,089,513
|
| Shares Issued (in shares) |
0
|
40,089,513
|
| Shares Outstanding (in shares) |
0
|
40,089,513
|
| Liquidation preference |
$ 0
|
$ 9,807,000
|
| Series B convertible preferred stock |
|
|
| Shares Authorized (in shares) |
0
|
23,840,816
|
| Shares Issued (in shares) |
0
|
23,840,816
|
| Shares Outstanding (in shares) |
0
|
23,840,816
|
| Liquidation preference |
$ 0
|
$ 20,182,000
|
| Series C convertible preferred stock |
|
|
| Shares Authorized (in shares) |
0
|
29,070,700
|
| Shares Issued (in shares) |
0
|
29,070,700
|
| Shares Outstanding (in shares) |
0
|
29,070,700
|
| Liquidation preference |
$ 0
|
$ 77,160,000
|
| Series D convertible preferred stock |
|
|
| Shares Authorized (in shares) |
0
|
63,956,147
|
| Shares Issued (in shares) |
0
|
63,470,884
|
| Shares Outstanding (in shares) |
0
|
63,470,884
|
| Liquidation preference |
$ 0
|
$ 248,333,000
|
| Series E convertible preferred stock |
|
|
| Shares Authorized (in shares) |
0
|
165,941,619
|
| Shares Issued (in shares) |
0
|
157,952,523
|
| Shares Outstanding (in shares) |
0
|
157,952,523
|
| Liquidation preference |
$ 0
|
$ 1,011,319
|