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You would have to pay proportional rent to the token holders, as they are entitled to it for owning a % of your house, otherwise they are letting you stay there
by natalyarostova 9y ago
You would have to pay proportional rent to the token holders, as they are entitled to it for owning a % of your house, otherwise they are letting you stay there rent free.
- UncleEntity 9y agoDude's plan is to live there rent free until he eventually sells it and then the 'owners' get a return on investment -- kind of like buying shares in a corporation that doesn't pay dividends I suppose. Solves the 'getting priced out of the market' bit brilliantly assuming he can find enough suckers to fall for this grand scheme. --edit-- It's actually a double-plus brilliant plan. If he manages to pull this off he sells the house for full price then buys back the tokens at a fraction of the value once the investors realize what a bad investment it is to let someone live for free in their house.