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Have you seen the sick speculation going on in metropolitan areas through syndicated mortgages?
I've a last year where an investor bought 12 condos for 160 and flipped them within less than a year in the 240-260 range. Oh and he didn't even legally own the condos, he simply placed down payments on them.
So basically he's put around 150k in down and turned it into 1mil+ in less than a year.
The condo developers "hype" the price through different sales phases (Investors Only -> VIP -> Public) - That way the initial investors who financed the project get huge returns and want more.
Often enough the sales flatten at some point and then the builder buys their own condos at cost, rents them off and then move on to the next major project.
Why not pooling bitcoins from all across the world to get on thoses deals and have average joe benefit from it while we get our cut and reinvest the whole thing in bitcoin.
well everyone here in bitcoin land has had oppertunities to turn $70 into $1000 inside a year. just by holding onto coin..
so those with 1000 coins turned $70k into $1mill
i think your better off asking for fiat investment from fiat investors.
i truly laugh at people showing off large investments, but targeting their 'tricks' at small fish.. im a whale and i see you sharks coming from a mile away, i have no problem getting in the way of you feeding off the defenseless guppy's.
investing in real estate is so 20th century. one day when you look passed your own greed and read about bitcoin beyond your little scam plans, you will see you can actually make alot of money without needing to scam people.
oh and by the way. when you talk about an investor of yours making millions. then smart people automatically think you made millions too, and thus you dont need other people this time round. you can self fund and keep all proceeds. which makes you look more flawed trying to aim your stories at small fish..
in the future real estate agents will accept bitcoin. oh wait, some already do.. either way now or then we dont need middle men that people will never meet trying to 'manage' their investment..
'flipping' real estate makes housing too costly to live in.. which has caused the excessively higher mortgages. so if on that 1% chance your were genuine, your not helping people get affordable houses.
now lets dig deeper into your own admissions (if at all believed) your family are a construction company. well you would actually do alot more for the community if you asked your family to accept bitcoin, and then get real estate agents to accept bitcoin so that every day joe bloggs can buy houses without having to set up 'special arrangement' with an unknown entity. but instead have legit contracts with legit companies, thus growing the ecosystem for those that have enough bitcoin to buy an affordable house. they can get one built themselves. independently and know that some lowlife middle man wont be taking a cut.
so to summerise, your scam failed. and even if genuine your investment failed. so please, learn what bitcoin is all about (hint: self management) and there is no need to reply or rebuttle your case. lick your wounds and go away
I'm not looking to scam anyone Franky,
I could care less that this makes money or not, just toying with ideas.
When I say I've been thinking about it for a while it's exactly because I see people adding huge ammounts of "real estate related" services to their mortgages.
In the near future theses services will probably be replaced by algorithms, why not start to figure out a good system right now?
Also, the initial idea was simply to use RE speculation to boost bitcoin overall though, not really to make money.
And I completely agree that most speculations hurt the local people trying to purchase.
