AWARD YEAR
2021
CATEGORY
Home
GOALS
Industry, Innovation & Infrastructure, Sustainable Cities & Communities, Innovative Financial System
KEYWORDS
housing, Affordable/sustainable housing, home
COUNTRY
United States of America
DESIGNED BY
Rhove
WEBSITE
https://rhove.com
Rhove
Rent to earn, radically expanded homeownership
Rhove was founded on the belief that everyone has the right to own a stake in their home. With Rhove, renters gain the opportunity to become a stakeholder, and earn a return from where they live. We’re reimagining real estate from the ground up.
The need for change is urgent. The average American is projected to spend hundreds of thousands of dollars in rent over their lifetime, much more than previous generations. Rising housing prices, in addition to student loan debt, healthcare costs and other factors, are pushing owning a home and accumulating assets beyond the reach of many hardworking people.
RNT is a unique asset that represents an economic stake in your apartment. Make one-time buys or monthly recurring. Each RNT earns a 5% RNT Return. That means every second as a stakeholder you'll earn cash. Hold and keep earning a RNT Return even if you move out. If the building value appreciates, so does your RNT. When the building sells, you'll get cashed out.