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> Well the accredited investor rules really are there to protect people from getting scammed. This is a line of bullshit. If the law allowed it, you could easi
by lectrick 13y ago
> Well the accredited investor rules really are there to protect people from getting scammed.
This is a line of bullshit. If the law allowed it, you could easily set up a site like LendingClub.com which distributed the risk over many many things, mitigating it quite a bit, and allowing "smaller" players to take advantage of it.
One could do the same thing with real estate... If the law allowed it.
The laws against capital investment by anyone who is not a millionaire IS what is making the rich richer.
- ChuckMcM 13y agoPerhaps we are talking about different things. There are no "laws against capital investment by anyone", if you want to invest go down to pretty much any bank or financial institution and open an investment account. Go out and buy shares or bonds and have fun. Back in the dot.com days people did this all day long and got the notion of a 'day trader' was born. The laws that are in place are around liability and more importantly personal liability in the event that the investment goes south. If you are soliciting investment from accredited investors you can put in place some limits on your liability with respect to that investment, I do not believe that is the case if they are not accredited.
- joshhart 13y agoWe have this already - it's called the stock market and bond market. If you want to distribute the risk of investing in real estate, I suggest taking a look at REITs, real-estate investment trusts. They are companies investing in real estate required to pay out a certain % of profit in dividends.
- lectrick 13y agoTrue, but what if 10 people wanted to co-own a real physical house? I believe there are laws against that
- deleted 13y ago[deleted]