"Divvy Homes entered the market with the goal of providing a rent-to-own alternative for homeownership, quickly gaining traction and significant venture capital support, reaching $400 million over four years."
"Despite its initial success and accolades, Divvy faced significant challenges, including high rents, unaddressed repair requests, and a higher eviction rate than its competitors, leading to criticisms and scrutiny."
"The acquisition by Maymont Homes is perceived as a fire sale, highlighting Divvy's rapid decline as it shifted from being a promising startup to facing severe operational and financial issues."
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