Multiple companies have launched in the last few months to give investors new access to real estate investing but insiders aren’t sure it is the best idea.
Market analysts, meanwhile, find this a dubious strategy in current market conditions. The pandemic-driven frenzy which drove up demand and lowered mortgage prices has started to cool, points out Gay Cororaton, a senior economist at the National Association of Realtors, who expects this to continue. If home ownership becomes more affordable, some potential customers may choose to purchase a full property, rather than invest in real estate assets.
Yet the founders of both LEX and Here suggest their offerings aren’t any riskier than, say, downloading Robinhood and pouring money into stocks with no guidance, or backing early-stage startups on crowdfunding sites. Plus, the users of these startups aren’t stuck with the physical asset at the end of the day.
There’s also definitely a demand. When LEX officially launched in November, it had 10,000 potential members on its waiting list. And commercial property landlords are showing strong interest in working with the platform, too. Here launches this week with more than 20,000 members waiting to invest. Vesta Equity, currently only available only to accredited investors, plans to open its platform to nonaccredited investors within the next 12 months.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Industrial developer eyes SW Houston for first projectConstellation Real Estate Partners purchased a site on South Post Oak Road near Beltway 8...
Read more »
Shiba Inu and Dogecoin Now Accepted by U.S.-Based Logistics Firm in Partnership with BitPay: DetailsU.S.-based logistics firm partners with BitPay to accept Dogecoin and Shiba Inu: details NOYACK cryptocurrency blockchain reits supplychain ShibArmy Dogearmy
Read more »
How to launch your real estate side hustleWith home prices rising, the race is on to see who will get those commissions
Read more »
Commentary: Breaking the glass ceiling in commercial real estateIt’s time to take stock and recognize there is work ahead to smash those stubborn,...
Read more »
Real estate experts predict buying a Bay Area home this spring will be harder than ever'It's going to be the craziest spring in home buying.' If you thought Bay Area home prices were out of control already, just wait for this spring season. Experts say the real estate market is about to hit a whole new level of ridiculous.
Read more »
The 10 Best Portable Monitors To Add More Screen Real Estate On The GoNeed more screen real estate for on-the-go productivity? Here are some of the best portable monitors to use with your laptop or compact desktops in 2022.
Read more »