Thinking through how the blockchain and related tech might impact real estate.

[Ozero]

Blockchain technology can be applied to the general accounting of the real estate market, so that this database can cover real estate offered for sale or rent from all countries. But it is unlikely that it will be effective to create your own NFT tokens for each individual property. This could make sense if such properties were frequently sold or had significant historical or cultural significance. To rent real estate, in principle, you can create NFTs, but I don’t see a particular need for this either. With the same success, you can view the database of real estate that is offered for rent.

[el kaka22]

It is not easy, but it is quite possible. Remember the real estate world works within the wealthy very well, but the poor do not really have a say in it. If you have no home or just one home where you live, that is not really a real estate deal, you do not really worry about it too much or if you do then it is a small amount that you shouldn't.

The real trouble begins when the super wealthy end up buying houses left and right in a small town, and eventually start to increase the value, when everyone sees these, they think their houses worth a lot as well, so they buy houses from 300k each, as high as 350k each eventually, and then put it up for sale at 400k each, you do this for 10 houses and you get yourself a cool 1 million dollars. Now imagine huge real estate companies doing it with 100+ houses at all times, not just in one place but in multiple places all at once.

[odolvlobo]

Despite the doubters, there are some that are giving it a try.

https://www.tampabay.com/news/real-estate/2022/02/04/this-tampa-bay-home-is-being-sold-as-an-nft/

[Kakmakr]

Well, we have seen how in some countries governments and corrupt government officials have changed property deeds or even destroyed it. They also have centralized storage of that data and the risk of losing that data is huge. (It is a prime target)

We know the Blockchain data are immutable and the data is decentralized, so it is an ideal option for the storage of property deeds or the proof of ownership of real estate to reduce the risks mentioned above. 

I think NFT's are a fad.... and they will be gone in a few years.... The Bitcoin Blockchain has been with us for years now.