Generally, they seem to be a response to how hard it is for millenials to buy homes [1]. I did the numbers on ZeroDown, and it seems to be a good deal for someone early in their careers who is faced with high rent and student loans to pay off, given their other choice is waiting 15-20 years to save up a down-payment (during which time prices will have tripled again).
[1] AFAICT, this is due to the complete refusal of every city in the US to zone and build enough homes to keep up with demand, as well the student debt crisis, general wealth inequality, and similar stuff.
Board (https://board.live) lets you make a cash offer instead of a
Zerodown (https://zerodown.com) and Unison (https://unison.com) I believe have a similar models to Arrived, with some different specifics.
Generally, they seem to be a response to how hard it is for millenials to buy homes [1]. I did the numbers on ZeroDown, and it seems to be a good deal for someone early in their careers who is faced with high rent and student loans to pay off, given their other choice is waiting 15-20 years to save up a down-payment (during which time prices will have tripled again).
[1] AFAICT, this is due to the complete refusal of every city in the US to zone and build enough homes to keep up with demand, as well the student debt crisis, general wealth inequality, and similar stuff.