You raise a very important issue. How can effective corporate governance be achieved in a decentralized system? Can it at all? That's the thing. Real estate management is tough to do in a decentralized way I think.
The blockchain is done in order to store information and to make information about real estate more open and clear. The blockchain will not help to control the real estate. It will make the information transparent.
In other words token holders won't have a say when it comes to the decision making process which real estate should be bought and which should not?
The token holders will have the right to vote to choose one of several equal objects. They will have a chose.
Do you think this is a good solution? It seems to me that everyone should do what he knows. I think that not always investors will be able to correctly determine which property to sell and which one to buy
I think that those who decided to invest in real estate excellent understand that and where it is necessary to buy or know how to do market analysis for appropriate solutions.