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Do you have any customer testimonials? It would be good to link to them. This is definitely something I would never consider doing unless I've heard other peo

Do you have any customer testimonials? It would be good to link to them. This is definitely something I would never consider doing unless I've heard other people doing it, I would never want to be the guinea pig here. And honestly, if I am financially clever enough to understand your value proposition then I'm probably financially clever enough enough to buy some downside protection on general real estate assets. The most interesting value proposition here is the ability to predict future home prices, but if you could really do that you would be working for one of the massive real estate funds, for the same reason that someone who is really good at picking stocks will work for a hedge fund (and eventually create their own), that person isn't going to decide to give investment advice to a gazillion pipsqueak investors or manage the accounts of a bunch of little investors, even if they can easily automate it. In other words, the ability to predict asset prices is something that it makes sense to keep as private as possible, not something to share with the masses.

loftyai 7y ago
Customer testimonials is a great idea! Will add those to our site when we get a minute to do so. As you said, they would probably go along way towards providing some additional comfort to any one who has some interest but is cautious about moving forward. The questions you raise regarding our business model are good ones. As mentioned elsewhere in the comments, a fund is something that would be interesting but that we just don't have the capital for at the moment. Furthermore, our initial motivation for creating Lofty was to address the pain point of people wanting to buy a home but being cautious about the risk. As such a pivot to a fund, while similar in nature (and perhaps simpler in some ways), would be a pivot from addressing a real pain point we see in the market to just becoming another real estate fund and is in part why we are hesitant to do so, on top of the higher capital requirements. Appreciate the feedback!

loftyai 7y ago

Customer testimonials is a great idea! Will add those to our site when we get a minute to do so. As you said, they would probably go along way towards providing some additional comfort to any one who has some interest but is cautious about moving forward. The questions you raise regarding our business model are good ones. As mentioned elsewhere in the comments, a fund is something that would be interesting but that we just don't have the capital for at the moment. Furthermore, our initial motivation for creating Lofty was to address the pain point of people wanting to buy a home but being cautious about the risk. As such a pivot to a fund, while similar in nature (and perhaps simpler in some ways), would be a pivot from addressing a real pain point we see in the market to just becoming another real estate fund and is in part why we are hesitant to do so, on top of the higher capital requirements. Appreciate the feedback!