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RE: IS FUTURE TOKENIZATION OF PROPERTY MARKET something we should all be aware of?

in #blockchain5 years ago

What I would like to see is the investing into the development of housing projects where rather than just buy and sell, the tokens own a stake of the property itself so that investors carry liability. If the development is not done well or not demanded, the investors lose out. However, this can also be used to build all kinds of developments and get projects up and running faster than currently.

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I agree. this would force innovation, raise the standard of housing and raise competition. Which in the end, would benefit the person occupying the house.

Dear @tarazkp and @crypto.piotr

Starting from this point, it would also be very beneficial for investors. since they would also have a tangible asset under their investment.

since they would also have a tangible asset under their investment.

This is what crypto needs to start doing, buying back into the real world with crypto, not cash.

Ok.Like @crypto.piotr, I am also a bit ambivalent with the whole project because:

Pros:

  • The block chain will ensure that property disputes will be avoided/ quickly be resolved
  • Anyone can buy any property from anytime, anywhere without going through rigorous procedures

But, the downsides are:

  • Mere mortals like me might have difficulty affording it
  • And, let's not forget that, no matter how secure the server/ network is, there will always be those times when glitching/ hacking/ anything can go wrong type of incidents- I am not pessimistic folks. I am just realistic especially because the technology is still very young.

Why not just do a rent to own program for now just to see how things are in real time?

Dear @tarazkp

Thank you for sharing your thoughts on this particular topic. Seriously appreciate it.

ps.
I NEED YOUR HELP :) Nothing serious really. But I still hope you can spare few minutes of your time :)

I found out about great contest where winning community can receive a year's delegation worth of 20k SP!

I realized that receiving such a delegation could help greatly to grow our community. After all I'm upvoting each valuable comment. On top of that, I'm doing my best to promote quality content published by other authors and again: I like to reward those who engage with those authors.

I know that it's probably a long shot and most likely our community won't stand a chance in this contest. But I love being the underdog! Let's give them a fair fight :)

Which brings me to my next question, I was wondering if I could count on your support? At this stage I would only need to ask you to comment this post and suggest myself for the contest. Perhaps you could also make another suggestion: @ help.venezuela (this is run by my dear friend @ achim03).

https://steemit.com/dpoll/@theycallmedan/20k-steem-delegation-poll

This is just a first round attempt. I hope we can make it to second round hahha :) Naturally I would appreciate if you could ask your friends to help with our little "quest" :)

Let me know what you think? Perhaps you can also share some advises and hopefully we can "do little bit of brainstorming". Would be awesome to win :)

Yours
Piotr

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