I just bought a house. I would've preferred to rent longer, but with a family in a city with a fast growing market, we kept getting priced out of houses and having to move every few years.

So we bought.

I'm not really interested in having capital tied up in real-estate, but a lot of people are. And it makes sense as a middle ground investment - more conservative than stocks or crypto, but more aggressive than bonds or CD's.

I want to live in my house and not be kicked out by a third party owner, but I don't want my assets tied up in it.

I want to sell shares of my house.

Someone who wants to own a % of a real estate asset in this city could just buy a % share of mine.

Smart contracts via crypto make this super doable.

I could sell shares of my house such that they confer only ownership of the economic value of the house at time of exit (sale, my death, etc.) or the shares could be re-sold to someone else if the housing market here gets hotter, etc. but I maintain ownership of the right to occupy the house.

Can you imagine the implications of a market like this?

House values would get a lot more accurate quick, vs. the sometimes screwy assessments made by banks too eager to loan artificially cheap money, etc. A more robust and dynamic housing market.

Owners could cash in some of their asset without the corrupt banking industry and with no need to payback a refi loan, as shareholders would get paid directly at an exit event.

The additional liquidity of previously illiquid assets could be amazing. Plus, investors would love it. A little research might make you want to own a slice of the "2 bedroom condos in the North Side of Chicago" market, and you could!

So, what's the best way to make this happen?

I suspect you could just start doing it with a small group using a smart contract out of sight of regulators to get a proof of concept going.

Houses are an easy starting point, but think of all the other assets that could be sold with microshares, from fine art to excavating equipment and more.