One issue facing the millennial generation and young professionals is home ownership, especially as the cost of living in urban centers goes up -- which is what this crowdfunding real estate platform is trying to solve. Founded in the San Francisco Bay area, startup Landed is using the power of community to finance down payments.
For people looking to buy their first home, Landed helps organize the community, working with nearby schools, networks and companies to form and manage down payment support programs. In addition to seed investment communities, the crowdfunding real estate venture supports your home purchase by partnering with banks and ensuring things are done right.
However, Springwise notes this could foster nepotism and potentially discourage equal opportunity housing.
Community Down Payment Programs
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