The present real estate situation and how FOHO addresses the current problems.
Firstly, Real estate is land, buildings, and natural resources such as crops, minerals, and water; immovable property of this sort; an interest vested in this (also) an item of real property, (more broadly) buildings or houses in general.
The major real estate situation in the world
Real estate accounts for a significant portion of most people`s wealth, especially for many homeowners in the United States. In the United States, real estate is critical to the economy. On the one hand, investors would argue that the industry appears to be well-positioned to capitalize on market prospects, but the sector also confronts a number of obstacles in the future.
There are many factors that affect real estate prices, availability, and investment potential.
Demographic data provides information about actual or potential buyer age, income, local preferences, what percentage of buyers are retired, and what percentage buy a vacation or a second home.
Interest rates affect the price and demand of real estate. Low-interest rates attract more buyers, reflecting lower mortgage costs, but they also increase demand for real estate and can push prices up.
Real estate prices often follow a business cycle, but investors can mitigate this risk by purchasing REITs and other diversified investments that are not related to the business cycle or bad weather.
Government policies and laws, including tax incentives, deductions, and subsidies, can stimulate or disrupt demand for real estate.
Introducing FOHO to this major factor affecting real estate.
FOHO is building the future of shared real estate using blockchain. Today’s fractional ownership and timeshare solutions are developer-led, low accountability, and dependent on the solvency of the system. Customers are asked for various return promises, future possibilities, etc., but they cannot be organized to discuss such transactions and discuss them in good faith, and they do not have the opportunity to demand accountability.
The FOHO Ecosystem.
FOHO Coin: This is the currency through which participants demonstrate long-term adherence to platform rules.
FOHO Haus: Participants on FOHO Haus can buy a fraction of home and receive a security token specific to that property that represents unrestricted ownership.
FOHO Work: Participants on the FOHO Work can buy a fraction of an office and receive a security token specific to that property that represents unrestricted ownership.
FOHO Club: It allows participants to buy into usage-based Clubs which offer the lowest total cost of using a property.
With this FOHO Ecosystem, It aims to build a more transparent ecosystem that uses the wisdom of crowds to uncover deals, hold sellers and property managers accountable and make using a shared property a stress-free experience. This will make the real estate system much better.
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