Proptee: £0 commission property stock exchange

Post by jphoward » Wed, Nov 25, 2020, 1:36 PM UTC

chriswarbo wrote: post #27

onion2k wrote: post #19

Earlier quoted context omitted.

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.)

Post by _0o6v » Wed, Nov 25, 2020, 1:39 PM UTC

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.

Post by asah » Wed, Nov 25, 2020, 1:42 PM UTC

bhickey wrote: post #10

Isn't this just a REIT with no diversification?

Post by _0o6v » Wed, Nov 25, 2020, 1:49 PM UTC

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…

Post by londons_explore » Wed, Nov 25, 2020, 1:51 PM UTC

dmw_ng wrote: post #9

Will be interesting to see how they build their management fee in, what realized fees look like, how units are valued and whether that price can be independently verified. Clearly the aim is to dress this up to feel like exchange trading, but there is no open market for some standardized unit of "fractional landlording", so presumably they are always on the other side of every transaction.