I have always had interest in venturing into the real estate business but each time, I consider the capital needed, I tell myself that I'm not yet ready. In the future, all things being equal, investing in real estate will be part of my diversification plan.
That means that, over the next decade or so, real estate will be completely tokenized.
Tokenizing the real estate industry would be a huge development as this will give more people the opportunity to join the business.
What will make it more interesting is the illustration here...
If this process is tokenized, $50 million can be raised through individuals. Getting $50 from 1 million people is still $50 million. This provides the development costs with the individuals "becoming the bank".
Referring to the challenge I aforementioned, we see how tokenization would take that hurdle away.
However, the impending challenge could be finding people that would be willing to crowd fund.
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It will be an opening for everyone to get into real estate. This is what cryptocurrency is all about. We are seeing crypto giving access to people that they previously did not have.
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No doubts about that. Crypto has given many the opportunity to make fortunes.
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