Column: Tech companies have major role in future of housing

Rhove App

Renting has long been a reliable steppingstone toward homeownership and, in turn, upward mobility and financial security. But that is no longer the case in many American cities. With rapidly rising rent costs, student debt and tepid wage increases, homeownership is slipping further out of reach for many young adults.

Fortunately, creative technology-driven solutions are emerging to address housing issues, from app-based automatic savings plans and renter rewards to shared equity programs for down payment assistance. It’s the type of game-changing disruption epitomized by the likes of Uber in transportation and Airbnb in hospitality but which has been largely absent from residential real estate.

Click here to read the complete article.

Story excerpt provided by The Columbus Dispatch.

Written by Calvin Cooper.

Originally published April 19, 2019.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: