true, there's no chance that amazon will capture 1% of the book market either
I'm not saying that a real estate company on the blockchain can't reach 1%. I'm saying that Atlant can't.
This is because by requiring investors to put in effort (as a result of decentralized management), their business model won't appeal to the masses when there are more passive opportunities available (on the blockchain as well), potentially with a better return.
If you really want the details, I'm happy to explain, but it would be naive to say they can hit 1% of the real estate market just because Amazon hit 1% of the book market.
Atlant might have its place, but their ownership model won't be mainstream with their current business model.
Can you explain it how? I get your points butwe cant say it finally because we are not on the team and it is not finish atlant is just sfarting from now.
Altlant has begun to big a big project but in terns of real estate wi will see it in the future.
Most people aren't (and don't want to be) real estate experts. So, when Joe the plumber decides he wants to invest $500 into a real estate investment, he's got a few options:
1) invest in a public REIT
2) Invest through Atlant (decentralized management)
3) Invest through another blockchain company with centralized management
Let's put the REIT option aside and focus on #2 and #3.
What advantage does Atlant really provide? Joe has more control over his investment. From a day to day perspective, this is generally limited to just voting on the management company each year, which shouldn't be too difficult (as long as everything is going well).
But before he even gets to the ownership part, Joe has to decide which property he wants to invest in. A property was put up for sale and there's plenty of info to support a decision, but he's got to go through that process himself. Deciding if he's OK with the location, condition, broader market, etc.
So he's got control over which investments to make, but not really over the day to day stuff. It's not like it's even that efficient from a cost perspective because he's still paying fees to Atlant token holders (7%) at inception, and to the property manager.
That's a lot of work for a $500 investment, so he'll likely want to invest through a platform that where he can rely on real estate experts to make some of these decisions for him.
If there are options where he can rely on the expertise of others to help with the initial decision making process, I think they will attract more investors than Atlant will.