A Look at the New Wall Street Scheme to Make Money with Your Home

Famed VC Andreesen tries to make his Point in housing

by Andrea Riquier
Market Watch

Do you want Wall Street to get a piece of your house?

On Tuesday, famed venture capitalist Marc Andreesen announced that he’d invested in a startup called Point.

Point casts itself as a solution to an intrinsic problem with homeownership: most Americans have most of their wealth tied up in their home.

There are mechanisms for “taking out” some of the equity built up as a mortgage is paid down, such as home equity lines of credit or home equity loans.

But they require paying interest — not to mention having good credit. They also don’t help homeowners diversify their investments.

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