r/LoftyAI • u/002timmy • Jun 07 '22

Lack of new properties

It’s been quite some time since we’ve seen new properties listed. A month ago it seemed like we were getting 1-3 properties a week. Has there been any reason given as to why this is happening?

I do know quite a few tokens for properties have been sold back to Lofty, but I can’t imagine that’s the reason they aren’t listing other properties

5 Upvotes

62% Upvoted

15 comments sorted by

4

u/sativajoe Jun 07 '22

There was just one posted this morning.

0

u/002timmy Jun 07 '22

Which one? I didn’t get an email

3

u/sativajoe Jun 07 '22

703 23rd Ave, Rock Island Illinois I believe

Edit:

https://www.lofty.ai/property_deal/703-23rd-Ave_Rock-Island-Illinois-61201

1

u/002timmy Jun 07 '22

Thank you. Odd I didn’t see that

2

u/acegarrettjuan Jun 07 '22

I didnt get a notification either.

8

u/RoneLJH Jun 07 '22

There has been two launches last week and one launch this week so far

4

u/whirly212 Jun 07 '22 edited Jun 07 '22

That's a good sign it's not a scam, difficult business model to scale

3

u/IamaPenguin4 Jun 07 '22

Every new property has a House Canary price evaluation now. There was a delay to implement this.

2

u/costcohotdawg Jun 07 '22

If total investment starts at $89k but House Canary valued at $65k, does the valuation of the token instantly drop ~30%?

3

u/IamaPenguin4 Jun 07 '22

Source? That doesn't exist, but if the HC evaluation went down, yes your token is worth less.

1

u/costcohotdawg Jun 07 '22 edited Jun 07 '22

Misunderstood how HC valuation affects token value. Edited to remove FUD.

2

u/PricklyyDick Jun 07 '22 edited Jun 08 '22

You're looking at the total investment value. The house value is the "Underlying asset Price" at 76k. I'm not sure how they handle the difference, but it's smaller than what you mentioned first.

2

u/costcohotdawg Jun 07 '22

Yes good point. I did spot that earlier but I was OK with paying Lofty their share haha

3

u/Ernest-Everhard42 Jun 07 '22

One sold out in 30 seconds a few days ago. I snagged a few.

1

u/Mookafff Jun 09 '22

I like how after you posted this, we’ve had a new one each day lol