"...there's technically not a single person who can't be a home owner" but I want to live in a home, not poorly manage one with 1-1000s of individuals who only want a profitable return and don't care about who lives in the home. This is just going to exacerbate the housing crisis and may lead to only the top 1% actually owning 100% of their home.
TLTR: It won't democratize Real State owning, it would expand Real State's stock trading capabilities though... Nice...
If the tokens are under a single LLC, why would you need a blockchain token in the first place instead of a normal database?
I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?
Homes should be for living in, not for investment. F**k this whole "turn everything into a commodity" mentality.
You do not want to own a property with 200 other people regardless of the tech that does it.
This just seems like a worse REIT, with the addition of perverse incentives. I know they arent exactly analogous, but am I looking at this incorrectly? Im sure tokenization may have niche applications...I guess we'll see.
"Don't call me homeless! I own $60 of real estate tokens." brags a dude who sleeps under a bridge.
Greedy people...Let's do options trading on your tangible house. (rubs hands together in greed)
I can’t tell whether this is worse than HOA’s or Timedhares. But it’s definitely a terrible investment idea and it will only make the rich richer and keep the not-so-rich further from living the American dream or owning anything outright.
Sold my APPL before it tanked, will buy at next major drop. I’d definitely need to make use of the $250k liquidity elsewhere. So what should I be looking at? Large cap or small cap stocks? Maybe crypto?
The inflationary potential here is astronomical! This is the only reason this is to be implemented!
2:45 , if we don’t let people sell below market value, we will be worsening the affordability problem? True or False?
Consider consulting with financial advisors who have experience with cryptocurrencies. They can provide personalized advice tailored to your financial situation and goals.
Tokenized real world assets is starting now.
Adding more fuel to the fire
So if someone loses their private keys, then what? RE will always be ruled by lawyers, govt, people
Best bet for 100x is going to be AMX59K , once its on major exchanges it will explode.
Why would someone sell a share of their home?
@MrHav1k