This funnels even more capital into real estate as an asset class. Or it's an intermediate step to Georgism? https://twitter.com/bhorowitz/status/775768751941623808 …
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Replying to @kimmaicutler
@bhorowitz not really. It funnels *different* money but it's zero sum.2 replies 0 retweets 0 likes -
Replying to @arampell @bhorowitz
if more prospective PA homebuyers can access more side investors, what does that do to home values?
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Replying to @kimmaicutler @bhorowitz
there is certainly notion of liquidity premium/illiquidity discount 4 assets. But compared to leverage effect tiny
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Replying to @arampell @bhorowitz
there were a lot of issues w/ these in the UK http://www.thisismoney.co.uk/money/mortgageshome/article-3745545/Time-banks-compromise-shared-appreciation-mortgages.html … https://www.theguardian.com/housing-network/2013/sep/03/hidden-dangers-shared-ownership …
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