In Detroit, tenants are facing a new reality with RealT, a platform that tokenizes real estate by allowing fractional ownership through cryptocurrencies. This model involves purchasing homes in low-income neighborhoods and selling RealTokens for investment, while management is handled locally. However, this introduces numerous middlemen, making it more difficult for tenants to find responsive landlords, exacerbating existing issues within a failing rental system that primarily benefits corporate investors and exploits vulnerable renters.
"I've been complaining for years, but nobody has ever come out. As far as I can tell, they're slumlords."
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