Point – rethinking owner-occupied residential real estate

Re:Point – rethinking owner-occupied residential real estate by snowwolf on Wednesday September 14, 2016 @12:06PM (#12498344)

"Please also note that Point will share in any increase in property value due to remodeling changes you might make."

And they don't contribute to any property maintenance costs.

Nice. So they get to take part in full asset appreciation without having to pay to maintain the asset.

[ Parent | on HN ]

Re:Point – rethinking owner-occupied residential real estate by Eridrus on Wednesday September 14, 2016 @12:25PM (#12498592)

And you're eating a chunk is the risk since you're the first one to lose money!

So if prices go up, you lose and if prices go down you also lose!

[ Parent | on HN ]

Re:Point – rethinking owner-occupied residential real estate by styrophone on Wednesday September 14, 2016 @01:08PM (#12499060)

20% of appreciation for 10% of assets [0]. Seems like decent leverage on your risk.

From the point of view of a prospective homebuyer, at first this seems attractive as an avenue toward mortgage reduction. However, as you point out, it's hard to identify where this service adds any value to the asset. I fear that it ultimately results in another large pool of money pumping up the demand side at the expense of new buyers.

[0] https://point.com/calculator

[ Parent | on HN ]