Ka-Ching! Crypto Can Get Young People Involved in Real Estate

Neutral Ka-Ching! Crypto Can Get Young People Involved in Real Estate

Most Millennials Can't Afford Homes

We need to remember that younger generations - while they didn't necessarily grow up during this time - are familiar with the Great Recession and the subsequent crash of the housing market in 2008.

In addition, the costs of living have risen significantly over the last seven years, and median home prices - particularly in urban areas - are rising through the roof. Combine this with the notion of finding a well-paying job and mounting student loan debt, and most millennials seem either uninterested or unable to add "getting a house" to their to-do lists.

For most millennials, the real estate industry has changed significantly since their parents were young, and for the most part, they're "iffy" when it comes to buying new homes. They've seen too many drops in market prices, and 2009's foreclosure boom is probably still fresh in their minds.

A Real Game Changer

However, where millennials have an advantage is through technology. Roughly 97 percent use the internet - compared with 83 percent of older generations - and approximately 90 percent own smartphones against baby boomers' 67 percent. This makes them prime targets for cryptocurrency, and it could be the magical tool that gets them involved in real estate.

Millennials can invest in real estate through security tokens, a new kind of cryptocurrency that offers users stakes in traditional investing options like commercial real estate. Security tokens basically work as digitized stocks and paper shares and allow people to share investments by giving them small shares in a single venture.

For millennials, this is a more accessible way of getting their hands on real estate without tacking on 30-year monthly mortgage loans to their debt piles. While this doesn't necessarily give them a new home, it does lead to higher returns, which can increase their chances of purchasing real estate in the future.

Changes to the System

Today's housing market is also controlled predominantly by traditional financial establishments like banks, brokers and payment processors. These kinds of organizations make money by collecting fees through handling our transactions. Like all blockchain-based cryptocurrencies, security tokens work to reduce overhead and eliminate middlemen, upping the person's privacy and reducing the amount of money they owe.

A recent example of a security token-real estate venture occurred when project funding site Indiegogo partnered with the St. Regis Aspen Resort in Colorado to offer users access to partial stakes in the property via ether or bitcoin. Users could buy shares in the resort for approximately $1 USD price point.

Lastly, approximately 30 percent of millennials believe that cryptocurrency is a smarter investment than stocks and bonds, and real estate companies would be wise to consider the prospects of digital assets if they seek further participation from millennials.

Does this sound like something you would participate in? Why or why not? Leave your comments below! Images courtesy of ShutterStock

Tags: cryptocurrency, Housing Market, millenials, real estate, St. Regis Aspen Resort

11/09/2018 / 06:30:13 Source: livebitcoinnews

BTC
1 BTC=$5,554.11
XRP
1 XRP=$0.4815
ETH
1 ETH=$174.28
XUC
1 XUC=$3.49
BCH
1 BCH=$336.34
EOS
1 EOS=$4.59

News Feed 50

Themerkle Neutral - BCHABC Price Loses Ground as Client Update Triggers Backlash read more.
11/17/2018 / 12:44:05
Blokt Neutral - Stellar [XLM]: Possible Ascending Triangle? read more.
11/17/2018 / 12:29:59
Ccn Neutral - Industrial-Scale Adoption of Blockchain Likely in 1-2 Years, Says CEO of Russia’s Largest Bank read more.
11/17/2018 / 12:15:52
Cryptoglobe Neutral - #EOS Long-term Price Analysis read more.
11/17/2018 / 12:15:34
Newsbtc Neutral - Crypto Experts Slash Bitcoin Price Predictions: Fact is, No One Knows read more.
11/17/2018 / 12:00:04
Blokt Neutral - IOTA’s Serguei Popov Introduces the IOTA Research Council read more.
11/17/2018 / 11:59:52
Ccn Neutral - Australia: Bitcoin Trumps iTunes Vouchers as Preferred Payments for Tax Scammers read more.
11/17/2018 / 11:50:52
Cryptoglobe Neutral - Bitcoin’s Lightning Network Surpasses $1 Million Capacity, 14,000 Payment Channels read more.
11/17/2018 / 11:30:53
Livebitcoinnews Neutral - Home Crypto Miner Launched by Coinbase-Backed Start-Up at $799 read more.
11/17/2018 / 11:00:53
Coindesk Neutral - Stablecoin Purchases Surged Amid Wednesday’s Crypto Market Drop read more.
11/17/2018 / 11:00:19
Coinnounce Neutral - Cryptocurrency Mining getting too expensive read more.
11/17/2018 / 10:56:57
Cryptoglobe Neutral - #Ethereum (ETH) Long-term Price Analysis read more.
11/17/2018 / 10:45:06
Newsbtc Neutral - Tom Lee’s Big Bitcoin Price Prediction Dropped to $15,000 read more.
11/17/2018 / 10:30:40
Coindesk Neutral - Tutorial: How to Use CoinDesk’s Crypto-Economics Explorer read more.
11/17/2018 / 10:30:33
Ccn Neutral - Oxfam Formally Launches Blockchain Platform for Rice Farmers in Cambodia read more.
11/17/2018 / 10:27:59
Themerkle Negative - Ethereum Price Watch: Ongoing Market Slump Sees Currency Slide Down to the $175 Mark read more.
11/17/2018 / 10:10:03
Bitcoinist Neutral - Off-The-Grid Bitcoin Transactions Now a Reality read more.
11/17/2018 / 10:00:23
Cryptoglobe Neutral - Both Bitcoin Cash Sides In Heavy Losses, As Mining Costs Rise, Asset Values Fall read more.
11/17/2018 / 10:00:04
Themerkle Negative - Bitcoin Cash Price Gets Skewed due to Exchange Trickery read more.
11/17/2018 / 09:55:37
Bitcoin.Com Neutral - Estonia Issues Over 900 Licenses to Cryptocurrency Businesses read more.
11/17/2018 / 09:15:28
Coinnounce Neutral - Spanked by the SEC: Paragon and Airfox ICO read more.
11/17/2018 / 09:06:16
Newsbtc Negative - Crypto Markets Slide Further With Over $30 Billion Dumped Since Last Weekend read more.
11/17/2018 / 09:00:46
Themerkle Neutral - Electroneum Price Rise can Push Altcoin Into Market Cap top 50 read more.
11/17/2018 / 08:48:53
Cryptoglobe Neutral - Pantera Capital CEO on Outlook for Crypto: ‘Bitcoin Is a Serial Killer’ read more.
11/17/2018 / 08:30:45
Coinnounce Neutral - #Bitcoin Price Analysis: Will BTC Rise Again? read more.
11/17/2018 / 08:12:13
Ccn Neutral - Another $4 Billion Drop: Crypto Market Downtrend Continues as Bitcoin Cash Falls read more.
11/17/2018 / 08:08:09
Livebitcoinnews Negative - REcoin ICO Scammer Pleads Guilty in Court read more.
11/17/2018 / 08:00:56
Cryptonewsreview Negative - The first case of ICO fraud in the US has pleaded guilty read more.
11/17/2018 / 06:45:30
Cryptonewsreview Neutral - Airfox joins Paragon in SEC ICO lawsuit read more.
11/17/2018 / 06:15:05
Cryptoglobe Neutral - Coingeek Claims Crippling Bitmain Debt From Anonymous Sources, Despite Having an Agenda read more.
11/17/2018 / 06:00:14
Cryptonewsreview Neutral - Binance warns its Iranian users to withdraw assets immediately following US sanctions read more.
11/17/2018 / 05:35:13
Livebitcoinnews Neutral - Cryptocurrency Miners in this U.S. County Could Soon be Facing Higher Electricity Bills read more.
11/17/2018 / 05:00:43
Cryptonewsreview Neutral - Modifi is a new digital trading platform for small-medium businesses read more.
11/17/2018 / 05:00:23
Cryptoglobe Neutral - Crypto-Related Inquiries Declined in Japan, Financial Regulator Reveals read more.
11/17/2018 / 05:00:09
Bitcoin.Com Neutral - A Brief Introduction to Voluntaryism for Crypto Neophytes read more.
11/17/2018 / 04:30:19
Cryptoglobe Neutral - DASH Sent Three Million Transactions in a One-Day Stress Test read more.
11/17/2018 / 04:03:39
Bitcoinist Neutral - #Bitcoin Price Analysis: Will Bitcoin Bite Back? read more.
11/17/2018 / 04:00:24
Livebitcoinnews Neutral - UK Needs to Take Lead on Crypto to Stay Ahead of Curve, Says eToro’s Iqbal Gandham read more.
11/17/2018 / 03:00:55
Cryptoglobe Neutral - Premium Airline Surfair Is Now Accepting Bitcoin & Litecoin for Their Fundraising Campaign read more.
11/17/2018 / 03:00:00
Ccn Neutral - Bear Effect: SEC Crypto Crackdown Precedes 48% Drop in ICO Funding read more.
11/17/2018 / 02:40:26
Bitcoin.Com Neutral - Free Keene Activists Launch Bitcoin Embassy New Hampshire read more.
11/17/2018 / 02:30:20
Cointelegraph Neutral - West Virginia Secretary of State Reports Successful Blockchain Voting in 2018 Midterm Elections read more.
11/17/2018 / 02:25:00
Cryptoglobe Neutral - Cryptocurrency Payments Give Sexual Assault Survivor Anonymous Way to Crowfund read more.
11/17/2018 / 02:00:24
Ccn Neutral - SEC Takes Down Two Crypto Startups for Illegal ICOs read more.
11/17/2018 / 01:31:24
Livebitcoinnews Neutral - Distributed Ledger Technology is an Option for Cross-border Payments According to Canada, UK and Singapore read more.
11/17/2018 / 01:00:46
Cryptoglobe Neutral - CDC Token “Killed” By Malicious Members of its Own Team; CEO Loses $2 Million read more.
11/17/2018 / 01:00:00
Bitcoin.Com Neutral - Islamic Countries Challenge USD ‘Sanctioning Tool’ With Planned Common Cryptocurrency read more.
11/17/2018 / 00:30:27
Themerkle Neutral - Kik Severs all Ties With Ethereum as Scaling Problems Persist read more.
11/17/2018 / 00:21:37
Ccn Neutral - Crypto Startups More Valuable Than Blockchains — Can the Trend Change? read more.
11/17/2018 / 00:20:22
Cointelegraph Neutral - US: Crypto Initiative Donates Monero to Bail Out Immigrants in ICE Detention read more.
11/17/2018 / 00:08:00
Negative
3.6%
Neutral
94.9%
Positive
1.3%
Mixed
0.1%

Latest comments:

4 min
Hey Sam, how is it going? But I must explain to you how all this mistaken idea of denouncing of a pleasure and praising pain was born
3 min
Pretty good. Doing my homework.. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because
2 min
Any chance to go out? To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage
2 min
.. Maybe 40-50 mins. I don't know exactly. On the other hand, we denounce with righteous indignation and dislike men who are so beguiled
1 min
Anyway sounds great! These cases are perfectly simple and easy to distinguish.