Considering that crowd funding is necessary for one night out in Bushwick alone, it comes as no jolt to the psyche that a company called BuyApartment has cropped up to
convince allow people to buy a share in a property of their dreams, albeit so that those dreams can become someone else’s.
The CEO (and once feared real estate broker) Leo Sharkey, a 45-year-old who lives in a condo in Williamsburg, said his plans for the company arose when he “lost a shit ton of money in the stock market and was terrified I wouldn’t be able to invest anymore.” And so, for as little as a one penny investment, you, too, can say you’re a property owner.
The only catch? You don’t get your money back if the properties don’t yield quite as much profit as BuyApartment had hoped. “But still, it’s better than gambling. You’re likelier to get a more financially beneficial result than if you were to, say, go to Atlantic City,” said Sharkey. The question is, are you willing to take those odds?
Written by Genna Rivieccio