John Doe 1 year ago

Lastly, the rental market is soaring right now because of interest rates and availability for home sales. It is a landlord's market. They don't need to do anything to be at 100% occupancy. Landlords are not putting money back into buildings right now. They love the profits.

John Doe 1 year ago

Does he think he will insert his company into the rental payment flow? What will he offer that is cheaper and more efficient than ACH?

The only profit here would be loaning people money to pay their rent, but you are a horrible credit risk if you can't pay your rent.

John Doe 1 year ago

Start-up pitch BS Bingo. He hit them ALL!

If your tech start-up involves buying real estate, it is not a tech start-up.

Eric Tipton 1 year ago

I have a credit card that gives me points for every dollar I spend, however, it doesn’t meant I own the credit card company or even a piece of the credit card company and there is no way to spend my way to change this. This guy has managed to do the same thing with real estate - making renters FEEL like owners without being owners and getting them to maintain their rented apt

Erik Smith 1 year ago

I don't blame him, I blame the people who keep throwing money at his terrible ideas. Nearly every other living human could think of better, more fruitful ways to use $350 million, but this is what happens when economic systems are based on hoarding and predation. What a world.

Brian Blake 1 year ago

So.. people who own their own apartment? So, who does the roof? Do all the residents in a single building have to crowd-source the funding to put on a new roof... or maintenance the water and sewer? Sounds like another con to deliver cheap housing at a premium "value creator" cost to the buyer and then leave them high and dry.