With real estate prices at record highs all across the country, owning a home is becoming more out of reach for first-time homebuyers.
For millennials and Gen-Z, saving enough money for a downpayment has become a huge challenge, much harder than it was for their parents or grandparents. A huge problem like this calls for a creative solution.
Our next guest on the Fintech One•On•One podcast is Adena Hefets, the CEO and co-founder of Divvy Homes. They have created a unique pathway to homeownership by rethinking the much-maligned rent-to-own model.
With Divvy, people can search for their dream home, and when they find it, make a compelling, all-cash offer on behalf of Divvy. Divvy will buy the home and then rent it back to them, with a portion of the rent payments being used to build equity.
Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.