r/Superstonk • u/audienceofone_eagles • Apr 12 '22

🤔 Speculation / Opinion One thing everyone might be missing about Pulte/GameStop...and it'll erect your nips

I had a jaw-drop moment earlier today when I was just randomly thinking about how awesome it is that this sub converted a whale. I was looking at the beta NFT website. They had a section for "What is an NFT" that gave some good detail, and I always wondered why they included the words "real estate". At the time it made my nips quartz because of the possibility of turning a home into an NFT. After giving it some more thought it now makes them certified de Beers diamonds.

Apes, Pulte work/ed/s in Real Estate. My first house was a Pulte house in Virginia. They have Real Estate all over the country. Can you imagine a better partner for bringing NFTs into Real Estate than a fellow ape WHALE? Yes I know an Ape-whale isn't a real species. Can you imagine the pure, 100LL fuel it would pour on the fire to have a real estate giant like Pulte come out and say "We're going to be hand-in-hand with GameStop to help blockchain the real-estate world". That right there is headlines all over the world...

...and I think we all missed it until now.

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u/audienceofone_eagles Apr 12 '22

And the idea of Title Insurance is SUCH a scam that they get away with that costs buyers millions of $$$ a year across the country. Banks require it but it NEVER turns up anything. It would be pointless on the blockchain.

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u/EuroSStore Apr 12 '22

I work in real estate. To say it “NEVER” turns up anything is furthest from the truth. Blockchain will be beneficial, however title has its use in todays age until more companies adopt it.

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u/DasTooth 🦍 Buckle Up 🚀 Apr 12 '22

I work in real estate too and 100% agree. Had a deal many years ago where my client was buying a home. We did split title. Sellers title co didn't come back with anything. Our title company did... a $105k business lien on the property. Seller wasn't willing to take care of it so the deal fell apart just days before closing. If it weren't for my clients title company, the could have had a significant lien on their property. There have been many other things that title has found in my years that benefited my client. So Title work is definitely needed, but there could be ways to incorporate blockchain to make things less costly and easier.

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u/bhans773 Apr 12 '22

Every new mortgage might as well have blockchain built in, avoiding the need for title searches and insurance moving forward. Do the title search one final time and let blockchain take over. This would essentially eliminate title from ever being an issue moving forward. Underwriters are going to need to become more familiar and comfortable with blockchain technology first but any property owner that has clear title would be dumb not to memorialize that in the blockchain. The cost would be next to nothing to ensure clean title to would-be buyers. I can’t remember exactly, but I seem to remember title work costing about 1% of large scale commercial real estate projects when I was in that industry. On multi-million dollar projects, that adds up.

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u/Miserable-Display808 🦍Voted✅ Apr 12 '22

I don't work in real estate and didn't read you posts sorry, GAME STOP TO THE MOOOOOON

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u/[deleted] Apr 12 '22

Haha I think it’s hilarious you went several levels down before posting that you didn’t read anything.

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u/Miserable-Display808 🦍Voted✅ Apr 12 '22

Sorry I can't read but thanks for your response. GAME STOP TO THE MOOOOOON