You can’t afford a house, but you can probably afford Nada

You can’t afford a house, but you can probably afford Nada

2 years ago
Anonymous $33nAR-2OaA

https://techcrunch.com/2022/07/27/you-cant-afford-a-house-but-you-can-probably-afford-nada/

Rents are going up in cities across the U.S., but the national homeownership rate has been steadily declining as prospective buyers grapple with low supply, weakening purchasing power and record-high costs. What if there was a way to invest in a city’s home equity market you think is growing even if you can’t afford to buy a property there?

That’s the idea behind Nada, a Dallas-based fintech platform whose goal is to widen access to real estate wealth. The company offers index-like real estate investment products called “Cityfunds” that allows anyone, including non-accredited investors, to buy into a city’s home equity market with a minimum of $250 dollars, CEO and co-founder John Green told TechCrunch.