How to get exposure to US real estate by @0xdjma

The author argues that fractionalizing individual US homes faces problems with liquidity, governance and operations, citing Opendoor and Zillow Offers' sight-unseen home buying. Fractional home trading tends to converge on REITs, a 50-year-old structure, which carry their own issues like exposure to management and geographic constraints. The author proposes Home Equity Investment Agreements (HEAs), offered by companies such as Unison, Unlock and Point, as a liquid, diversified and low-maintenance way to invest in US residential real estate. Under an HEA, a lender typically pays up to about 20% of a home's value upfront for twice that share of equity, with a 10–30 year term and no rent payments.