Dec 14, 2019
12:38:45pm
12:38:45pm
LA company planning to help consumers buy homes without a mortgage
They are essentially co-investing with the buyer and renting them the property. You pay the property off little by little and when it is sold you split the profits.
The idea is really interesting, but there are a lot of questions still yet to be answered. How much will the premium be for renting the property and what happens if the property is sold at a loss? What is the split then? My guess is there's no risk for this new startup if there is a loss.
This idea might make sense in areas where housing prices are out of control.
The idea is really interesting, but there are a lot of questions still yet to be answered. How much will the premium be for renting the property and what happens if the property is sold at a loss? What is the split then? My guess is there's no risk for this new startup if there is a loss.
This idea might make sense in areas where housing prices are out of control.
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- RexIdaCoug
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12/14/19 12:40pm
12/14/19 12:42pm
12/14/19 1:00pm
12/14/19 2:24pm
It is a very small market. Not much room for growth. It is only valuable to people with new high income but
12/14/19 2:46pm
12/14/19 2:54pm
I am saying most young professionals don't have enough money to pay the large cost of the fees you listed.
12/14/19 2:55pm
12/14/19 3:08pm
12/14/19 3:16pm
12/14/19 3:57pm
It is possible on the low end homes like you mentioned. And if you can afford home in the range it won't take long
12/14/19 4:06pm
12/14/19 11:43pm