Draft:Rhome (company)
Submission declined on 23 November 2024 by Star Mississippi (talk).
Where to get help
How to improve a draft
You can also browse Wikipedia:Featured articles and Wikipedia:Good articles to find examples of Wikipedia's best writing on topics similar to your proposed article. Improving your odds of a speedy review To improve your odds of a faster review, tag your draft with relevant WikiProject tags using the button below. This will let reviewers know a new draft has been submitted in their area of interest. For instance, if you wrote about a female astronomer, you would want to add the Biography, Astronomy, and Women scientists tags. Editor resources
|  |
Comment: Companies require a specific kind of sourcing, please read WP:NCORP for guidance on sourcing Star Mississippi 00:44, 23 November 2024 (UTC)
 | |
| Company type | Private |
|---|---|
| Industry | |
| Founded | 2023 |
| Founder | Bronson Hixon |
| Headquarters | United States |
Area served | Worldwide |
Key people | |
| Services |
|
| Website | rhome |
Rhome (pronounced /roʊm/ ROHM) is an American property technology company founded in 2023. It offers a platform for individuals to co-own residential properties, aiming to provide a flexible approach to homeownership. The company's model allows users to purchase equity in a property while retaining the ability to swap ownership stakes across different locations.
History
[edit]Rhome was founded in 2023 by Bronson Hixon to address the needs of individuals seeking flexibility in homeownership.[1] Hixon identified that traditional homeownership often ties individuals to one location and involves significant financial commitment.[2] The company was established to combine the benefits of investing in real estate with increased mobility.
Services
[edit]Co-Ownership Platform
[edit]Rhome's platform enables individuals to co-own residential properties by purchasing equity alongside other co-owners.[3] Users can invest jointly in a property, and the platform manages property transactions, handling legal and financial processes.
Swap Marketplace
[edit]The Swap Marketplace allows co-owners to exchange their ownership stake in one property for a stake in another property in a different location.[4] This feature provides users with the flexibility to relocate while retaining their real estate equity.
Technology
[edit]Rhome utilizes technology to facilitate equity transfers and property transactions.[5] The platform includes matching algorithms to connect compatible co-owners and digital tools to manage legal and financial aspects of co-ownership.
Market Context
[edit]Comparison to Traditional Homeownership
[edit]Traditional homeownership often requires significant financial commitment and ties individuals to one location.[6] Rhome's model offers flexibility by allowing users to retain equity in real estate while having the option to relocate without selling their property.[7]
Comparison to Renting
[edit]While renting provides mobility, it does not offer the opportunity to build equity.[8] Rhome aims to combine the flexibility of renting with the investment benefits of homeownership.[9]
Industry Trends
[edit]Co-living arrangements are increasing globally, with many renters sharing living spaces. A report by the National Multifamily Housing Council indicates that approximately 76% of renters live with at least one roommate.[10] The trend towards shared living is driven by cost reduction and community building. Rhome's platform aligns with this trend by facilitating co-ownership among individuals.
Reception
[edit]Analysts have noted the potential of co-ownership models to influence traditional real estate practices.[11] Challenges identified include consumer education about co-ownership benefits and addressing legal complexities associated with shared ownership.
See also
[edit]- Homeownership
- Real estate investing
- Property technology
- Cooperative housing
- Tenancy in common
- Co-living
- Sharing economy
- Fractional ownership
- Housing affordability
- Collaborative consumption
- Equity sharing
- Housing cooperative
- Digital nomad
- Disruptive innovation
References
[edit]- ^ "Fractional Home Ownership: The Emergence of a New Model". My Fractional Home. September 2024. Retrieved November 22, 2024.
- ^ "Hidden Costs of Homeownership: What Buyers Need to Know". The Balance. April 25, 2024. Retrieved November 22, 2024.
- ^ "How Co-Ownership Works: Fractional Ownership Steps". Plum Co-Ownership. Retrieved November 22, 2024.
- ^ "The Future of Co-Ownership: Exploring Shared Ownership Models in Real Estate". David Rosen Properties. October 2023. Retrieved November 22, 2024.
- ^ "PropTech: Its Definition and 25 Examples". Built In. October 2024. Retrieved November 22, 2024.
- ^ "Renting vs. Buying a Home: What's the Difference?". Investopedia. August 31, 2015. Retrieved November 22, 2024.
- ^ "How Homeownership Models are Evolving: Rent-to-Own vs. Traditional Mortgages". SSCSR. September 2024. Retrieved November 22, 2024.
- ^ "Renting vs. Buying: Which is Actually Better? (2023 Study)". Today's Homeowner. Retrieved November 22, 2024.
- ^ "Fractional Ownership: How Co-Ownership Works in Real Estate". MasterClass. Retrieved November 22, 2024.
- ^ "NMHC/Kingsley Renter Preferences Report". National Multifamily Housing Council. 2022. Retrieved November 22, 2024.
- ^ "10 Key Proptech Trends in 2024: How Technology is Changing The Real Estate Industry". Stratoflow. May 2024. Retrieved November 22, 2024.
- in-depth (not just brief mentions about the subject or routine announcements)
- reliable
- secondary
- strictly independent of the subject
Make sure you add references that meet all four of these criteria before resubmitting. Learn about mistakes to avoid when addressing this issue. If no additional references exist, the subject is not suitable for Wikipedia.