Use Cases of Co-Owning

Now with the alternative to renting or owning, a realignment of finances, what scenarios does this add value to? What use cases does this open up for people interested in real estate and getting on the property ladder? In this next section we're going to break down what we think could be some scenarios in which co-owning could be an appealing alternative to co-owning or renting. So of which may be relevant to you. Those being:

• Highly Mobile Homeownership - Just as we've gone over, allowing those people who move with more frequency to have the home owning experience make more financing sense.

• Institutional Co-operative Housing - Our societal insitutions largely dictate why people move. Institutions could now play a better role in setting up the financial future of those it calls to it.

• Roommate Conversion - Home occupancy changes. As people come in and out of the home, it would now be much easier to add them as a owner of the home if desired.

Highly Mobile Homeownership

If you're not ready to put down roots yet, then you're someone who's highly mobile most likely. If you made the decision that you're staying in the city that you're currently in, or even better yet, the neighborhood that you're in, and you know you'll be happy their for the next 5-10 years, then traditional homeownership is a great option. But that's not everyone unfortunately, and with how life goes, some people may just not be there yet.

For people who are moving more frequently, traditional buying and selling may be too costly while renting on the other hand could be not as pleasant of an experience. Sequential Co-ownership with Tadaima could be a great blend of the two. Allowing for a flexible lifestyle while also having the most if not all the same experiences that come with home owning.

Institutional Co-operative Housing

There are major institutions that make up the backbone of our society. These institutions most often play niche roles in our society, and as a part of the function, require people to move with some regularity. A couple of these being:

• Colleges & Universities - Educating Undergraduate and Graduate Students

• Military Bases - Stationing Military Personnel for Defense Purposes

• Hospital Networks - Staffing Medical Professionals for Regionalized Healthcare Demand

Colleges and Universities have students attend anywhere for 2-6 years depending on the degree their pursuing. The. U.S. Military will frequently give officers and enlisted soldiers Permanent Change of Stations (PCS) for 2-5 years to keep bases properly staffed. And hospitals need a certain amount of specialized doctors for each location and will move their personnel every 1-5 years for fellowships, promotions or new assignments.

With Sequential Co-ownership, these institutions could work to match students, personnel, and professionals as they come and go from each of their respective locations. That way, sequential MBA students, air force officers, or general physicians can co-own a home together. Enabling them to have sound financials with owning a home, while maintaining the mobility their profession requires.

Roommate Conversions

I think there's two major conversions that could happen with Sequential Co-ownership, platonic and romantic. A roommate conversion, unlike other scenarios, is not entirely vacated for a new occupant to come in. In essence a friend moves into spare bedroom, or a Significant Other (SO) moves in, and assuming things go well the decision to become mutuals in the home is made and the later party becomes a co-owner that way.

With co-owning together in such a way, individuals can be mutuals under one roof, but not be bound to stay there or stay invested if things change over time. That if a romantic relationship or friendship isn't looking like it's going to pan out, then those individuals can part paths and still maintain a fair equitable portion in the home. Or the relationship could be fine, but individuals could make the decision to go down separate paths, and either way they still have made a sound financial decision.