Blaming it on Californians is a false right-wing shibboleth; they're short too. For example, at the moment, Sunnyvale CA, population 150K in the heart of Silicon Valley, has a whopping 56 houses and townhouses for sale, about half per-capita of ABQ's 349 (source: realtor.com, filtered for non-pending). Most of the people who "fled" the Bay Area just moved to the outer suburbs. Source: about 3 years ago

Check out https://lofty.ai. Fractional, income-generating real estate, including the tax benefits (which you can't get with REIT). - Source: Hacker News / 8 months ago

This is old news to many - but I've just properly looked into it... Lofty https://lofty.ai is a way of buying a share in a real "bricks and mortar" property (in the USA only at the moment). You get an income from the rent from the property - and the actual 'share' token is an ASA that can be traded outside Lofty. The website is very easy to use (they even allow on-ramping - which is a big win for newbies). Source: 12 months ago

Looking forward to going down this lofty.ai rabbit hole! Source: over 1 year ago

And similar again - the above but focused on STO's or tokenized real estate. Many people out there want a investment property but cannot afford to buy one. They can afford a partial share of one however. Say a property is $1m. A user funds 10k. They are given 1/100 share of the property. They are then given a share of the yield this property earns and selling could be a lot more liquid. This one would be tough... Source: over 1 year ago

Its called lofty.ai, it uses blockchain technology however you do not need a blockchain wallet to use it. Just a bank account. Source: over 1 year ago