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RE: I Bought the first shares in the Natestate (NEST) - The First House on the BLOCKCHAIN - A Home for @picokernel in VA - co-owned by ALL OF US!

in #steemit-house • 8 years ago

Few questions - will Nate be paying the annual taxes on this property out of his pocket each year? What about maintenance items, such as when the roof needs to be replaced?

Do those costs dilute our token value or is it completely separate?

If these answers are in the recording, just tell me to go listen too it as I haven't done so just yet :-)

8 years ago in #steemit-house by
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     8 years ago  

    Just to answer your questions on-chain.

    1. I will be paying for taxes, repairs, and insurance all out of pocket.
    2. The token value will only ever be diluted if shareholders decide an addition is in order. In the case of a pool for instance, if it costs $2k to install and will raise the value by $5k, I will issue new assets to cover the costs, and the appreciated value will be passed to the shareholders.

    When I sell the house, all the proceeds from the sale will be used to purchase back the tokens from token-holders at the exact price I sold the house for.

    Thanks for your interest, I appreciate all questions and constructive criticism. Keep it coming :)

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     8 years ago  

    meep

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     8 years ago  

    That is awesome. I have a friend from childhood we called meeper, maybe it's you! :-)

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     8 years ago  

    When are you going to post more articles @ionlysaymeep ? I've been waiting 9 days for more.

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