Read the full story here Web Link posted Friday, July 15, 2016, 12:00 AM
Town Square
New startup could help teachers buy Bay Area homes
Original post made on Aug 8, 2016
Read the full story here Web Link posted Friday, July 15, 2016, 12:00 AM
Comments (1)
a resident of another community
on Aug 8, 2016 at 1:42 pm
Maybe this is a good alternative to taking away school sites for housing, but investors and potential clients should get more details as real estate transactions involving multiple parties can get complicated.
"Investors would have a stake of about 25 percent of the future profits, or losses, when the home is sold or refinanced."
So if the value goes down, are the investors wiped out first, or the teachers, or proportionally? Landed's website lacks details about potential losses.
What happens at the end of 7 years, if Landed is no longer around, and if banks don't want to refinance? Most startups don't make it.
Don't miss out
on the discussion!
Sign up to be notified of new comments on this topic.
Post a comment
Stay informed.
Get the day's top headlines from Mountain View Online sent to your inbox in the Express newsletter.