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- 🏠 How millennials will profit from real estate…
🏠 How millennials will profit from real estate…
(It's weird).
Netcetera is back on terra firma after a week spent at ETH Denver and at Myosin House in a very snowy Breckenridge, CO.
On that note, sentiments around crypto markets were indeed very high at the conference, with one VC telling me with a sheepish smile, “It’s so nice to feel like everybody else in the world isn’t frowning upon our work again.”
Today we’re running our first longform piece from new Myosin.xyz member and writer/researcher Valentina Rivas. A dev herself, Valentina brings a depth of technical knowledge to her writing, having done extensive data analysis/work researching some of the biggest protocols and crypto startups. Here she goes deep on real-world assets (or RWA’s) and the application of Parcl in particular — a tool we have appreciated at Myosin for some time.
Enjoy all that and a new Netcetera podcast below!
Rowan Spencer | Editor-in-Chief
This is how millennials will profit from real estate…
You know how pretty much everyone born past 1985 is mad at boomers for pricing them out of the housing market?
Well, we just read Val’s deep dive on Parcl, and while the platform doesn’t solve the whole ‘oops, I’m a millennial and can’t afford a home’ problem…
It does help to some degree.
Here’s an AB comparison of how the traditional housing market works vs. how Parcl works:
Traditional
Find an up-and-coming neighborhood
Find a home for sale in said neighborhood
Go to the bank and get a loan
Purchase the property and rent it out
Wait for the market to grow
Put the home on the market/profit.
Parcl
Find an up-and-coming neighborhood
Place a bet on Parcl (of any dollar amount, no mortgage needed), wagering that the average home price will increase in that area
Wait for the market to grow
Cash out of your bet/profit
So yeah, we’re still getting screwed out of owning actual homes…
But hey! At least we can now profit from real estate in some way/shape/form.
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The Netcetera team 👋
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