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Proptee: £0 commission property stock exchange

proptee.io

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Re: Proptee: £0 commission property stock exchange

#21

Post by ben_w »

mytailorisrich wrote: post #20
_0o6v wrote: post #12

Whilst 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.

If the rent is disconnected from the property value, then there is a speculative bubble.

If the rent goes up faster than wages, people become homeless.

Re: Proptee: £0 commission property stock exchange

#22

Post by applepple »

Leasehold https://leasehold.io/ is an alternative which uses a deflationary blockchain cryptocurrency to distribute profits to token holders.

It distributes profits via a token buyback (and burn) mechanism which maximizes the reward for long-term token holders. When the buyback comes at the end of each month, you can sell tokens back to Leasehold Holdings on one of the exchanges and cash out or you can hold your tokens and instead benefit from capital appreciation of those tokens. Capital appreciation is guaranteed (in the long run) since each buyback reduces the remaining total circulating supply of tokens (in a cryptographically verifiable way).

Also, Leasehold plans to become a multi-company blockchain project to benefit from network effects.

Our community also runs a decentralized exchange so that anyone can trade the Leasehold token against a mainstream cryptocurrency (Lisk) https://ldex.trading/ - The DEX code is fully open source so anyone can launch their own decentralized market to trade the Leasehold token against any other compatible token.

Re: Proptee: £0 commission property stock exchange

#24

Post by rozab »

onion2k wrote: post #19
_0o6v wrote: post #12

Whilst 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.

>or that there should be a class of housing that isn't treated like an asset

No need to talk in hypotheticals, this was once the case.

https://en.wikipedia.org/wiki/Public_housing_in_the_United_K...

https://en.wikipedia.org/wiki/Housing_Act_1980

Re: Proptee: £0 commission property stock exchange

#25

Post by mytailorisrich »

ben_w wrote: post #21
mytailorisrich wrote: post #20

Earlier quoted context omitted.

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.

If the rent is disconnected from the property value, then there is a speculative bubble. If the rent goes up faster than wages, people become homeless.

It's hard to see how rent can be disconnected from the property value because if the achievable rent for a property skyrockets that will pull the property's value up.

If rent goes up faster than wages, which cannot go on forever, it means an imbalance between supply and demand. The best way to address this is to rebalance supply with demand, not to be tempted to control prices or whatnot that do not resolve the root cause.

It must also be accepted that the most sought-after areas will be the most expensive and probably out of the reach of many.

Edit: So much for mature discussions, I see...

Re: Proptee: £0 commission property stock exchange

#27

Post by chriswarbo »

onion2k wrote: post #19
_0o6v wrote: post #12

Whilst 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.

> that would be very hard to achieve without some serious market manipulation.

Note that the housing market's already heavily manipulated, in an effort to keep the Ponzi scheme going a bit longer (e.g. Help to Buy, etc.)

Re: Proptee: £0 commission property stock exchange

#28

Post by londons_explore »

> Proptee is responsible for managing the entire investment portfolio. Operating fully in-house allows us to keep your fees to the minimum. At the moment, we charge only a small management fee of 0.85%.

So Proptree is going to find tenants, clear blocked drains and repair leaking roofs all for 0.85%?

Or are they going to hire their mates to do it out of the capital amount, who will take massive commissions?

Re: Proptee: £0 commission property stock exchange

#29

Post by joosters »

applepple wrote: post #22

Leasehold https://leasehold.io/ is an alternative which uses a deflationary blockchain cryptocurrency to distribute profits to token holders. It distributes profits via a token buyback (and burn) mechanism which maximizes the reward for long-term token holders. When the buyback comes at the end of each month, you can sell tokens back to Leasehold Holdings on one of the exchanges and cash out or you can hold your toke…

A very good reason to avoid this company like the plague!

Re: Proptee: £0 commission property stock exchange

#30

Post by _0o6v »

mytailorisrich wrote: post #20
_0o6v wrote: post #12

Whilst 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.

> Having a roof over your head and owning that roof outright are not the same thing.

But they are two sides of the same coin.

By the market pricing you out of being able to own your property (whether it be through foreign investment into buy-to-let, poor supply of affordable housing stock, inherited money passed down between generations further entrenching the difference between those that have and those that do not etc. etc.), people remain an asset to be sweated at the benefit of the property owners. That, as I said, is simply a regulated feudal system.

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