Startups backed by deep-pocketed investors are looking at a new way to profit from rising home prices
Some well-funded startups have an unusual pitch for homeowners strapped for cash: Let’s own this house together.
A handful of companies, including those backed by marquee Silicon Valley names such as Andreessen Horowitz and Mark Zuckerberg’s philanthropic organization, are experimenting with a product that essentially lets them take an ownership position in a house along with the homeowner. The agreements, called shared-equity contracts, provide a new way for investors to get exposure to rising home prices across the U.S.