Alex Lofton discusses how changing macroeconomic conditions prompted Landed to diversify from direct lead-generation to B2B employer software.
0:00 / 0:30exact quote · 30.8s
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“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 want to hire a bunch of people to Do the work that we do. They don't want to re, you know, rebuild the systems that we've built to try to make that done, be done efficiently. So now we're white labeling the kind of down, that same down payment structure for other institutions.”
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More from Alex Lofton
AssertionSupported
Lofton: Blackstone converted owner-occupied housing to rentals post-2008
“You know, you had Blackstone and others after to the 2008 financial crisis. Buy up a bunch of properties. That used to be for ownership and now are only rental.”
Alex LoftonMay 11, 2023▶ 10:34HIBT Lab! Landed: Alex Lofton
AssertionNot checkable as stated
Shared Equity Homebuying Existed Since the 1970s but Lacked Scale
“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…”
Alex LoftonMay 11, 2023▶ 19:54HIBT Lab! Landed: Alex Lofton
Disclosure
Landed Took 2.5% Home Appreciation Per 1% Down Payment Provided
“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%.”
Alex LoftonMay 11, 2023▶ 21:02HIBT Lab! Landed: Alex Lofton
AssertionContradicted
Landed Helped California Design the Dream for All Housing Program
“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?”
Alex LoftonMay 11, 2023▶ 34:38HIBT Lab! Landed: Alex Lofton
PredictionNot checkable as stated
Future Homebuyers Will Rely on Co-Investors Before Becoming Full Owners
“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.”
Alex LoftonMay 11, 2023▶ 41:35HIBT Lab! Landed: Alex Lofton
Disclosure
Landed Partnered With School Districts for Down Payment Assistance Distribution
“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…”
Alex LoftonMay 11, 2023▶ 16:21HIBT Lab! Landed: Alex Lofton
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