real-estate tokenization, no thank you!
As a real estate investor tokenization of real estate is not for all real estate.
Lets say you tokenized a property.
Then you sell that token is a bunch of pieces.
Who is getting the property tax bill?
Who is paying that tax bill?
Who does the tax collector notify when the taxes are not paid and are foreclosed on?
Who gets the permits to improve the property?
Lets say you tokenized a hotel room and you sell that token in 1,000 pieces, who can stay in that room?
Lets say code enforcement has an issue with a property that has been tokenized do all pieces of that token get slapped with liens?
Real estate does not need to be tokenized
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