Landed

“The investment in the down payment program that eventually goes to homebuyers, that doesn't come back to Landed Inc. That's not what pays my salary or is what our venture capitalists are seeing their return from. We are just facilitating that relationship and …”

“There have been institutions since the seventies that have been leveraging shared appreciation or shared equity to help people into homes. The reality is, though, it's always been specific organizations, maybe one city at a time that was doing this. No one had…”

“That this product exists, and that's ended up what, how, what we did. We ended up partnering with school districts and hospitals and governments to kind of get the word out about our products so that their staff wouldn't just feel like, hey, what's this sketch…”

“We really actively try to manage people out of the partnership because we think of it as a stair step into ownership.”

“State of California just announced California Dream for All, the biggest shared appreciation program ever. And that was something that we helped them design and they saw our work and said, hey, how, what if the state tried to scale something like this?”

“We've started to shift more as a B to B where we are working with organizations, you know, hospital systems universities even come some companies that have capital invest themselves and want to offer homeownership as a benefit or housing as a benefit but don't…”

“Because in the Bay Area, you're well over a 100,000 dollars and you're like a 110,000 dollars or so, but it's averaged out. And the next biggest market for us was Denver, Colorado and very different. Market. Though increasingly catching up. So I think on avera…”

“Our initial model was for every kind of one percent down payment support you get. You would share in 2.5% of appreciation. So if you get 10% down payment support, you're going to share in 25%.”

“We had to raise money that was available to the individual buyer to invest in their home to help them with a down payment. That was. Kind of one stream. The other stream was we need money to run our company. And that was the operating business, the opco, and t…”

“This is a, one of those tools that could help chip away that in the future, somebody would think, Actually, the way to buy a home is to have a co-investor in it until I can be a full owner versus needing to be an owner right off the bat.”

“We're at about two hundred million.”