Housing has gotten unaffordable across much of the US. With home prices having gone from 2X to 4X the median family income over the past 40 years, 53-77% of the population can’t afford to buy today in metro areas across the country. This means that they are forced to rent for years on end instead of building their assets, perpetuating the cycle of being locked out of the market. HomeSlice is putting home ownership within reach for people who can’t afford to own today by making it easy to buy homes in groups. By removing the current barriers to fractional ownership – from the creation of co-owner agreements to the elimination of liability for co-owner default – it is making shared home ownership a viable and attractive option for millions of Americans. Its mission is to democratize home ownership.
The Somo Project (UC Berkeley)
The Somo Project was started to invest in social entrepreneurs committed to changing their own under-resourced communities by providing the necessary training and tools they
August 31, 2016
