As Interest Rates Rise, Metropoly is Keeping the Doors Open to Invest in Real Estate for Crypto Guys
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
With inflation running rampant in the economy, rising interest rates are expected to continue. The US Federal Reserve has been hiking interest rates throughout 2022, causing the price of lending to increase. With higher interest rates, fewer people are likely to take out mortgages at higher costs, which causes a slump in real estate purchases.
Fortunately, one project keeps the doors open for crypto guys to continue investing in real estate. Metropoly is an NFT marketplace that is filled with NFTs backed by real estate. The platform makes it incredibly easy to invest in real estate. It can be done in under 60 seconds with as little as $100; here’s how.
Interest Rates Expected to Continue to Climb
To the dismay of many investors, the US Federal Reserve has been hiking interest rates in 2022 at its most aggressive pace since the early 1980s. The aggressive interest rate hikes have now caused the current rate to be much higher than the 2019 peak as it starts to creep closer to 5%.
Of course, the US Federal Reserve is choosing to increase interest rates to help slow down the rampant inflation within the economy. Unfortunately, inflation causes prices of goods and services to increase, which means your weekly grocery shop becomes much more expensive - even with the same items.
The idea behind increasing interest rates is to make borrowing more expensive to slow down consumption and reduce prices throughout the economy. When interest rates are low, people tend to take out more loans for spending as it costs less. However, with current interest rates rising, fewer people are taking out loans, which also means that fewer people are willing to take out a mortgage.
With mortgages out of the option, it seems that real estate investment currently might only be open for the ultra-wealthy sitting on piles of cash to buy property. However, with projects like Metropoly, investors can quickly start their real estate portfolios with as little as $100.
How Metropoly is Keeping Real Estate Investment Doors Open
Metropoly is the world's first NFT marketplace full of NFTs backed by real-world properties. What's best about these NFTs is that they generate a real passive income for the holders. The entire idea behind the project is to revolutionize the real estate market and introduce modern technology into the sector to bring it into the new age.
With the introduction of technology, Metropoly is opening the doors of real estate investment to everyday crypto investors. On the platform, users can quickly start purchasing real estate without going through banks to take out a mortgage. Furthermore, there are no credit checks, large deposits, or mountains of paperwork to fill in when investing through Metropoly. A property can also be purchased in as little as 20 seconds if you've got fast fingers.
One of the best things about investing in real estate on Metropoly is that you can get started with as little as $100. This is because all of the properties on the platform are fractionalized into tiny little pieces and tied to NFTs, which are sold individually.
Passive Income From Owning Metropoly Real Estate
The best thing about owning an NFT from the Metropoly marketplace is that they can provide a genuinely passive income for the holder. Unfortunately, many projects claim they can provide a passive income, but they usually fall short because the rewards dry up after a period. Well, with Metropoly, the passive income is generated from one of the world's most reliable sources: rental yield.
Real estate investment has long been known to be one of the most reliable cash flow providers from the rental yield. In fact, the world's wealthiest 1% all used real estate to grow their fortunes. With Metropoly, crypto guys can easily gain exposure to the real estate market without having to worry.
The income is truly passive because the Metropoly team manages all the properties in the portfolio. This means they ensure a tenant pays rent and handles all property maintenance. So an NFT holder simply needs to purchase the NFT to start generating a passive income delivered to their wallet in stablecoins.
Presale Continues to Surge Beyond $500,000
The Metropoly presale has finally crossed the half-a-million milestone in its fundraising. After reaching the milestone, the price for the METRO token increased to $0.0625. The presale is in the 9th stage, and the price increases every time a new milestone is hit. As a result, earlier-stage investors stand to benefit more from investing early as they enter at lower prices.
METRO will be the primary transaction token on the platform and will also deliver rewards to users. The token has been audited by CertiK, and it comes with no taxes for transfers. In addition, investors that use the bonus code LAUNCH20 get an additional 20% on purchases. The money raised in the presale will be re-invested in the Metropoly ecosystem, used to create a go-to-market strategy, and used to make down payments to secure the first properties in the portfolio.
Overall, crypto guys will be happy to know that they can continue to invest in real estate despite the high-interest rates in the economy through Metropoly. The platform is genuinely revolutionizing real estate investment and is bringing it into the modern era.