In the equilibrium, this would probably lower rents and increase house prices?
Proptee: £0 commission property stock exchange
11–20 of 62 posts
Re: Proptee: £0 commission property stock exchange
#12Whilst this is no doubt innovative, everything that is abysmally wrong with property ownership in the UK stems from complicated ownership structures like that being proposed here. Just look at the leasehold scandal (and upcoming reform), the push for commonhold, and the things that go wrong (such as the cladding scandal following Grenfell).
Homes are not investment vehicles to make people wealthy - they are a fundamental human right that many people are priced out of, or subject to unscrupulous landlords and freeholders exploiting what is still essentially a feudal system.
Re: Proptee: £0 commission property stock exchange
#13Just what this country needs, more barriers to entry for struggling would be owner occupiers.
Re: Proptee: £0 commission property stock exchange
#14It must be said that in the UK property is governed by specific law and specific rules. These may vary per country (E.g. Scotland vs England), I'm only familiar with England.
For example a contract to sell/buy property must be done by deed, which among other things requires special wording and witnessed signatures.
Owners are also registered with Land Registry and there is a limit to 4 legal owners. If there are more owners a legal instruments like a trust must be setup in order to create beneficial owners.
Bottom line: it is not simple. Whatever this website allows to sell and buy it is unlikely to be actually shares in properties, but rather some contractual rights to receive a share of profits based on level of investment (however that might be calculated as it's not clear), like property investment funds, which this effectively likely is.
Values of properties do go up and down. How can they adjust on a daily basis? They cannot. Best one can do is to hire a Chartered Surveyor every 6 months or so to get an independent valuation.
Re: Proptee: £0 commission property stock exchange
#15When is someone bringing this out for infrastructure investments. I want to be able to own 0.0001% of a sub-sea cable between UK and Europe.
Re: Proptee: £0 commission property stock exchange
#16Isn't this just a REIT with no diversification?
And higher management fees probably.
Re: Proptee: £0 commission property stock exchange
#17See https://landx.id for the equivalent for property micro investments in Indonesia.
Context: We pivoted our crypto exchange startup into LandX because we (the founding team) got sick of people trading over hype. Fractional ownership of cryptocurrency is awesome because it let anyone get into the game. What if we can do the same for something solid on the ground? So LandX -- for Indonesia.
Re: Proptee: £0 commission property stock exchange
#18What a great idea! It complements really well with stock investments.
Good luck!
Re: Proptee: £0 commission property stock exchange
#19Whilst this is no doubt innovative, everything that is abysmally wrong with property ownership in the UK stems from complicated ownership structures like that being proposed here. Just look at the leasehold scandal (and upcoming reform), the push for commonhold, and the things that go wrong (such as the cladding scandal following Grenfell). Homes are not investment vehicles to make people wealthy - they are a fundame…
Homes are not investment vehicles to make people wealthy..
A huge number of people use the equity from investing in a house as a retirement fund. They very literally are investment vehicles. You can argue that they shouldn't be, or that there should be a class of housing that isn't treated like an asset, but that would be very hard to achieve without some serious market manipulation.
Re: Proptee: £0 commission property stock exchange
#20Whilst this is no doubt innovative, everything that is abysmally wrong with property ownership in the UK stems from complicated ownership structures like that being proposed here. Just look at the leasehold scandal (and upcoming reform), the push for commonhold, and the things that go wrong (such as the cladding scandal following Grenfell). Homes are not investment vehicles to make people wealthy - they are a fundame…
Any asset that can maintain or increase its value over time can be an investment vehicle and thus in practice is an investment vehicle.
It is not a human right to own property. Having a roof over your head and owning that roof outright are not the same thing.