You are young and ambitious. You are well educated and have a decent job. But you can’t afford to buy a house? Neither can your friends and millions of more people. Three in four millennials prefer to pay for experiences over buying homes and consumer goods.
Homeownership among those 35 and younger has dropped from 43.6% to 35.9% in the last ten years, according to the Mortgage Professional America.
It used to be a part of the American dream: to buy a house when one started a family. Unfortunately, it no longer is. More and more people aged 25 – 34 choose to rent accommodation. Some of them have to because of tighter credit standard, while others prefer to rent because now people marry and have children later than their parents and grandparents did.
Millennials are more mobile than their parents, and they want freedom when a new job opportunity or a new adventure on the different side of the state or across the country calls. Besides, millennials saw what their parents went through during the financial crisis of 2008 and do not want their property to be foreclosed.
Renting does have advantages, but they come at a price. Rents are climbing, maintenance and repair costs are growing. It takes more and more time to find a proper accommodation.
Is there a chance that soon it will change? No, the rental market will not change, especially the market for less expensive apartments. There are more renters now than in the last 30 years. But there is some good news for you. The American dream has not vanished, it has just gone digital. Knowledge of the digital world, social media and some basic knowledge of new technologies is all you need to get a competitive advantage. Have you heard of new services that based on blockchain and used on decentralized platforms? If you have, there is a solution for you, it is called Rentberry.
Rentberry startup is based in San Francisco, which means that its team knows something about expensive rent and competitive market. Rentberry is an online platform that helps landlords and prospective renters find each other without involving agents and middlemen. It also provides an auctioning platform where potential tenants make bids competing with each other.
Rentberry is user-friendly, and you’ll be able to submit all necessary information, negotiate the terms and e-sign the contract online. Rentberry will help you to stay connected with your landlord, pay rent to submit maintenance requests and hire -party service providers (e.g., handymen and plumbers).
In the future, the company plan to decentralize and fully automate those tasks using blockchain technology powered by its BERRY token. All payments on the platform will be executed in BERRY tokens.
The sale of BERRY tokens starts on December 5 and ends on 28th February. Rentberry will offer to investor Tokens (BERRY) at the exchange rate is 1 ETH = 2,500 BERRY. The minimum purchase amount is 25,000 BERRY (10 ETH).
For “early birds” there will be a bonus: 33 percent on Dec 5 – 19; 27 percent on Dec 20 – 26; 20 percent on Dec 27 – Jan 16; 13 percent on Jan 17 – 30, and 7 percent on Jan 31 – Feb 13. The company will accept ETH and BTC.
There will also be bonuses for big purchases, but they will be discussed individually with potential buyers.
The proceeds from the sale of BERRY tokens will be allocated to IT development (30%), to marketing and sales (20%), to acquisitions and partnerships (15%), to international expansion (12.5%), to administrative and operational activity (10%), to development fund (5%), to legal expenses (5%) and to Bug Bounty program (2.5%).
Rentberry was established in 2015. At present, it is available in about 5000 cities across the US. It has over 224, 000 listed properties and has processed more than 4, 000 applications. Rentberry’s services are transparent and accessible to use both for tenants and landlords. By comparison with other companies, Rentberry’s staff is small. But 23 professionals who make its team have 150 years of combined experience and 20 years of combined blockchain experience.
Rentberry is a booming business. It has already received business offers from Australia, New Zealand, the UK, Cyprus and Canada to franchise or establish a partnership. It raised $4 million in two seed rounds. Among those who believe in Rentberry’s prospects are investors from a dozen countries, including the principal of Carlyle Group, 808 Ventures, Beechwood, Ventures, and Zing Capital. By the company’s estimates, in 2018 it will expand in Canada and several Asian and European countries.