Submitted by ___Gilgamesh____ t3_z7mjcg in wallstreetbets
[removed]
Comments
___Gilgamesh____ OP t1_iy7aar3 wrote
Exactly. On all points
cazzy1212 t1_iy7as50 wrote
None but to scam people
___Gilgamesh____ OP t1_iy7b0ff wrote
Why would this be a scam?
cazzy1212 t1_iy7baoj wrote
Almost every word you typed up there is a piece of scam.
___Gilgamesh____ OP t1_iy7bs9o wrote
I disagree.
[deleted] t1_iy7dcqx wrote
[removed]
cazzy1212 t1_iy7bhj5 wrote
If I was remotely serious I would ask you how are nfts not a scam. How can you buy a portion of realty? A time share ok scam. Masterworks not sure but leaning scam it has to be. Art is only used for taxes for billionaires.
BigDogOnTheWindow t1_iy7a9m3 wrote
Why not just invest in REIT?
___Gilgamesh____ OP t1_iy7agr3 wrote
Because this way you own it directly.
VisualMod t1_iy7a48y wrote
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Revolutionary_Elk345 t1_iy7b4v6 wrote
My friends who are all the dregs of society all own their own houses. Literally work a job and you too can own a house.
___Gilgamesh____ OP t1_iy7bcq3 wrote
That’s enough internet for today grampa
Electrical_Meeting62 t1_iy7bit3 wrote
so if i own more than 50% do i own the house? can i rent the house and make a monthly profit?
___Gilgamesh____ OP t1_iy7bovi wrote
Yes. You get a share of the profits. Like dividents in a company.
WendysFryCook t1_iy7btaq wrote
Let's say you own the bathroom, and tenant fucking destroys it, but no other room. You gonna pay the bill alone while everyone else pockets cash?
___Gilgamesh____ OP t1_iy7c0mv wrote
Of course not. Damages would be considered cost. But even if you don’t rent it out. Would you rather keep your money in a bank with negative 10% rate(due to inflation) or store value as real estate?
WendysFryCook t1_iy7cdbx wrote
Why are those my only two choices? I'd rather Yolo my money weekly on OTM SPY and TSLA options.
From my experience, sharing Ownership of any physical item rarely works.
___Gilgamesh____ OP t1_iy7ckys wrote
YOLO away.
VisualMod t1_iy7a4ui wrote
>I think this is an interesting idea. It would allow people with limited funds to invest in real estate without having to purchase the entire property outright, and could provide a more accessible way for those interested in investing. However, there are some potential drawbacks such as complications that may arise from managing multiple smart contracts or how investors will be able to keep track of their ownership interests if they own pieces of several properties simultaneously. I believe further research into these issues should be done before proceeding any further on this project.