Post by anansi on Aug 6, 2021 1:09:42 GMT -5
Jay & Will Spark Ire After Investing In Startup That Helps Low-Income Renters Become Homeowners
Is this move by Jay Z and Will Smith, deserved to be trashed, or is this reflective financial illiteracy at the highest level in our intellectual leadership who are dragging them in social media.
Please klik the link for much more.
Also consider gentrification in some of our more historically Black But underserved communities.
I dont claim to have an answer, but it's clear we need to stop losing as a group or groups.
Is this move by Jay Z and Will Smith, deserved to be trashed, or is this reflective financial illiteracy at the highest level in our intellectual leadership who are dragging them in social media.
Jay-Z and Will Smith are among a list of investors involved in a startup that helps renters build credit until they can buy a home.
Landis Technologies is raising $165 million from a group of investors that include Sequoia Capital, Jay-Z’s Roc Nation, and Will Smith’s Dreamers VC, Bloomberg reports. Founded by Cyril Berdugo and Tom Petit, the startup models its service on a rent-to-own strategy for would-be homeowners who can’t afford to buy.
The company’s investment comes at a time when working-class Americans are struggling to acquire homeownership amid soaring prices. Landis purchases a home and rents it out to the future homeowner until they can qualify for a mortgage.
www.blackenterprise.com/jay-z-and-will-smith-invest-in-rent-to-own-startup-landis/
Landis Technologies is raising $165 million from a group of investors that include Sequoia Capital, Jay-Z’s Roc Nation, and Will Smith’s Dreamers VC, Bloomberg reports. Founded by Cyril Berdugo and Tom Petit, the startup models its service on a rent-to-own strategy for would-be homeowners who can’t afford to buy.
The company’s investment comes at a time when working-class Americans are struggling to acquire homeownership amid soaring prices. Landis purchases a home and rents it out to the future homeowner until they can qualify for a mortgage.
www.blackenterprise.com/jay-z-and-will-smith-invest-in-rent-to-own-startup-landis/
Please klik the link for much more.
Also consider gentrification in some of our more historically Black But underserved communities.
I dont claim to have an answer, but it's clear we need to stop losing as a group or groups.