Unknown's avatar

About hopebuilding

I have always been interested in what works in terms of locally-led sustainable development, and I have seen it in action in different parts of the world. I believe that if people can read or see what others have done elsewhere, it will inspire them to try something similar for themselves. I hope you enjoy the 400+ stories.

This building has 947 owners – discovering real estate crowdfunding

I was reading about a fascinating approach to real estate investing the other day in a local Victoria publication.  A tech startup was offering real estate ownership stakes for a little as $1 on Vancouver Island, and people were debating whether it was a democratizing tool for wealth, or another contributor to the province’s affordable housing crisis? 

As Capital Daily reported,  Addy lets regular folks invest small amounts in residential and commercial real estate. It recently bought a slice of a small 1960s apartment building, with 947 investors averaging $345 each. 

Continue reading