Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

How interested would you be?

Update:

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.

Update 2:

@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.

Update 3:

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.

Update 4:

@ 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.

5 Answers

Relevance
  • 6 years ago

    Firstly I would be very suspicious - sounds like a scam. How would I sell a share in this property if I wanted out? Who would the real owner be, and what if several people with shares wanted to sell? What proof would I have of my legal rights and ownership? What protection would there be to maintain the value of the property I had a share in?

  • anne
    Lv 4
    6 years ago

    Not at all. I know there is a lot of fraud out there. So, I probably get a reliable guy. Probably of a trading co or bank. So, even hypothetical I am skeptic.

  • 6 years ago

    You just defined a REIT (real estate investment trust) which have been sold and traded for more than 50 years.

  • 6 years ago

    E-Commerce business

  • How do you think about the answers? You can sign in to vote the answer.
  • 6 years ago

    Well that was weird lol, it cut off the details.

Still have questions? Get your answers by asking now.