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| Can a Game Help Revive the Down Real Estate Market and the Economy? | |||||
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Posted: 11/23/2008 12:00 AM | |||||
NEW YORK, Al -- A new website, http://www.amuktrade.com, introduces an online virtual trading game in which users can experiment with financial asset management, pricing and trading, especially with quick pricing and trading of large, illiquid financial assets What if a homeowner, facing foreclosure, can sell off his ownership interest in his home in shares, instead of having to sell his home or lose it entirely? What if, instead of selling 100% of his ownership interest in his home, he can sell, for example, 49% of his ownership interest to investors, individual or institutional, so that he can keep his home while freeing up his money to invest elsewhere? While selling and buying fractional ownership interests is increasingly common in commercial real estate and also for vacation and second homes, this is not so for single family homes, where this is more urgently needed. An overwhelming majority of home owners have an overwhelming part of their financial investments locked into their homes, here and all over the world, causing financial distress in a down real estate market. The biggest problem with trading shares of large, illiquid financial assets like real estate, small business, collectibles and many financial instruments and contracts, is that individually they are too small, compared to the public companies, to have a large number of stocks issued by them, while on the other hand, they are all individually unique so that collectively they are not fungible like company stocks to allow quick pricing and trading. Through its innovative virtual trading game involving daily cashless exchanging of shares of all types of financial assets to enrich and diversify investment portfolios, and its equally innovative daily pricing of all assets calculated from daily price estimations of assets submitted by users, http://www.amuktrade.com/ is inviting users to find new ways for quicker asset pricing and investments trading. On the website, users can also showcase their real and created virtual fantasy financial assets, with images, and learn and experiment with financial asset management. Users can also learn about all types of financial assets from all over the world. The website is using current Web 2.0 technology to innovate finance, especially residential real estate finance, which, in some ways, is unchanged from medieval times when mortgages started. Contact: Anna Mukhopadhyay www.Amuktrade.com 718-263-2883 anna@amuktrade.com First Call Analyst: FCMN Contact: Source: www.Amuktrade.com | Notes: CONTACT: Anna Mukhopadhyay of www.Amuktrade.com, +1-718-263-2883, anna@amuktrade.com Web Site: http://www.amuktrade.com/ About This Release If you have any questions regarding information in this press release, please contact the organization listed in the press release. Issuers of press releases and not PropBot.com are solely responsible for the accuracy of the content.
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