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Since your model consistently beats the market and you can hedge at city level, Wouldn’t you be better off just raising money for an hedge fund that goes long a
by eaenki 7y ago
Since your model consistently beats the market and you can hedge at city level, Wouldn’t you be better off just raising money for an hedge fund that goes long and short with some leverage?
It’s a cool idea anyway, good luck
- loftyai 7y agoIt's certainly something we have considered. One issue is the capital raise. On top of that we really wanted to address the specific pain point of people wanting to buy a home but who cannot afford making a bad purchase. As such a pivot to a fund model would be a pivot from our initial motivation in starting Lofty. Nonetheless, it's an interesting idea. Appreciate the feedback!