It would actually work better for most investors to have something that worked like this, but which pooled resources to buy multiple homes instead of one owner for a whole house. A single house is not great as your only/main investment - it can’t be sold quickly and you can only sell the whole lot, so if you need to sell at a bad time you lose, and you can’t easily free up a part of your capital. Either a housing investment fund you can buy shares in, or buying shares of a single house (like people do with racehorses) would be a better investment choice for most people.
I like the idea and pooling of resources. I don’t like the idea that housing is an investment (it shouldn’t be) and I don’t want to see groups (however well-intentioned unless strict regulations apply) take over swathes of property. There needs to be a limit to house ownership I feel.
That you could get horse racing to relate to home ownership and make it make sense is really troubling!
There are already tons of ETFs that specifically invest in real estate both commercial and residential. I personally recommend anyone who wants to get into real estate investment to buy into those ETFs instead. That way they make all the trials and tribulations of landlording Someone Else’s Problem. I have yet to have anyone follow my advice because “I can make a better return without a middleman.”
It would actually work better for most investors to have something that worked like this, but which pooled resources to buy multiple homes instead of one owner for a whole house. A single house is not great as your only/main investment - it can’t be sold quickly and you can only sell the whole lot, so if you need to sell at a bad time you lose, and you can’t easily free up a part of your capital. Either a housing investment fund you can buy shares in, or buying shares of a single house (like people do with racehorses) would be a better investment choice for most people.
I hear you and agree.
I like the idea and pooling of resources. I don’t like the idea that housing is an investment (it shouldn’t be) and I don’t want to see groups (however well-intentioned unless strict regulations apply) take over swathes of property. There needs to be a limit to house ownership I feel.
That you could get horse racing to relate to home ownership and make it make sense is really troubling!
There are already tons of ETFs that specifically invest in real estate both commercial and residential. I personally recommend anyone who wants to get into real estate investment to buy into those ETFs instead. That way they make all the trials and tribulations of landlording Someone Else’s Problem. I have yet to have anyone follow my advice because “I can make a better return without a middleman.”