HOUSINGNEWS REPORT
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another foundational element of the American Dream over the past century: the car. “We are on the cusp of one of the fastest, deepest, most consequential disruptions of transportation in history,” says RethinkX, an independent think tank. “By 2030, within 10 years of regulatory approval of autonomous vehicles (AVs), 95 percent of U.S. passenger miles traveled will be served by on-demand autonomous electric vehicles owned by fleets, not individuals, in a new business model we call ‘transport-as-a-service’ (TaaS).
realistic options are owning, renting, or living with Mom and Dad, there’s increasingly room for a new choice, shared ownership. In a sense, shared equity can be seen as the gateway toward full ownership — first you gain equity through a shared purchase or financing and then if values rise you have the capital to purchase a replacement home on your own. We can’t guarantee that home values will rise, but we can say with some assurance that most people prefer to live indoors and that single-family home construction today is at roughly the same level as in the early 1960s when we had 125 million fewer people. The increased use of shared equity is one way to increase ownership by overcoming the financial limitations faced by millions of potential buyers while at the same time providing a new option for investors. It’s a new way of looking at real estate, and for some a plausible path to ownership that otherwise would not exist.
The TaaS disruption will have enormous implications across the transportation and oil industries, decimating entire portions of their value chains, causing oil demand and prices to plummet, and destroying trillions of dollars in investor value -- but also creating trillions of dollars in new business opportunities, consumer surplus and GDP growth.” While both auto and real estate ownership are surely traditional goals, we can see that the concept of car ownership is increasingly in flux. If that’s true for cars then why not for houses? Instead of a market where the
The increased use of shared equity is one way to increase ownership by overcoming the financial limitations faced by millions of potential buyers while at the same time providing a new option for investors. It’s a new way of looking at real estate, and for some a plausible path to ownership that otherwise would not exist.”
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JULY 2017 | ATTOM DATA SOLUTIONS
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