How interested would you be?
The question is supposed to be, how interested would you be if a website sold shares of property which you could buy and trade with other members?
Just looking for some opinions and see what type of questions you lot can think of to ask :D
Obviously this is HYPOTHETICAL.
@Nandan, yes I know, i asked how interested would people be, and what questions they would ask about it... Not what type of business it was, anything trading online is e-commerce.
The company is registered. It is their main website. The property is registered as being owned by the company on the UK land registry. That at least proves its a real company that owns the real property.
To offload shares you sell them to other members.
There would be no guarantee of the value, a house price can like any commodity rise or fall, shares are sold as long term holding investments, there not really designed to be bought today and sold tomorrow.
@ Howard, No this is something a little different. I think the biggest challenges they are going to have is getting enough members, as they intend to crowdfund themselves. The plan is all over the place, but from what i can work out, buying shares today in one house, at the end of the term when it matures you could end up with 2 or 3 properties. which confuses me.