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<ul class="summary-list"><li>Uday Padyana moved from India to the US in his 20s, landing a few tech jobs in Silicon Valley. </li><li>Despite better growth opportunities in India, Uday prefers the work culture in the US.</li></ul>This as-told-to essay is based on a conversation with Uday Padyana, a mid-30s manager at a Big Tech company in Silicon Valley. The following has been edited for length and clarity.When I first arrived in <a target="_blank" class="" href="https://www.businessinsider.com/reasons-i-left-silicon-valley-california-after-two-years-2023-12">Silicon Valley</a> in 2013 after relocating from India in my 20s, I wanted to move back.My parents and grandmother thought it was just homesickness, but I'd previously lived and worked outside of my hometown, so knew that this wasn't that feeling. It was because I knew that working in Big Tech in Silicon Valley would change me into a different person and I'd never move back.It's been 11 years since then, and I think I've gotten happier with my life here now that I've worked at a <a target="_blank" class="" href="https://www.businessinsider.com/landing-job-career-big-tech-interview-amazon-meta-google-apple-2024-5">few different jobs in Big Tech</a>. But I've also missed out on so many things back home — my family, friends, social circle, and sense of belonging.<h2 id="c75e447d-f472-426f-b4b8-19ef15acd002">Working in the US suits me more, although I'd have more opportunities in India</h2>I've interned and worked at a few other tech companies in the Valley, including <a target="_blank" class="" href="https://www.businessinsider.com/early-paypal-employee-sold-stock-too-soon-millionaire-2021-6">PayPal</a>, and I'm currently at a <a target="_blank" class="" href="https://www.businessinsider.com/quit-big-tech-dream-job-pay-perks-not-worth-it-2024-5">Big Tech company</a>. Prior to my current role, I also worked in Atlanta at a midsize tech firm, and outside the industry for over four years as a data analyst in Washington, DC.There are <a target="_blank" class="" href="https://www.businessinsider.com/millennial-working-in-bengaluru-the-silicon-valley-of-india-2023-7">more opportunities</a> in India. The <a target="_blank" class="" href="https://www.businessinsider.com/heres-why-investors-say-india-tech-startup-ecosystem-booms-2022-12">tech industry's growth rate</a> has been phenomenal there, especially for the top companies. If I worked the same job for the same company in India, my salary would probably be about 60% of what I make here, yet I'd probably be able to save almost twice the amount I save here.That's because the cost of living and taxes in Silicon Valley are higher than those in India. There's no public transportation here, so people either have to have a car or pay for Uber, which is expensive compared to India. High-quality organic food and eating out here is also more expensive, and hiring cleaning services is cheaper in India. I also have higher expenses here because of my annual trips back to see family in India.But despite this, working in the US suits me better than working in India because of my individualistic mindset. There's a <a target="_blank" class="" href="https://www.businessinsider.com/middle-managers-great-flattening-organization-meta-tech-layoffs-firing-2023-3">flatter hierarchy</a> in general, and I respond well to environments with accountability, ownership, and independence.I also like that there's more scope to explore restaurants with cuisines from across the world, meet people from different countries, and have access to <a target="_blank" class="" href="https://www.businessinsider.com/sf-hot-spots-where-founders-vc-tech-workers-hang-out-2024-7">top networking places</a>, conferences, and classes here in the US.<h2 id="dfe1658c-5024-4333-9878-9867140a9360">I had reverse culture shock when I first went home</h2>The first time I went back to India after three years of living in the US, I had a <a target="_blank" class="" href="https://www.businessinsider.com/reverse-culture-shock-moving-back-to-america-asia-singapore-2023-12">hard time adjusting</a>. It was <a target="_blank" class="" href="https://www.businessinsider.com/india-delhi-heat-wave-record-water-crisis-2024-5">too hot for me</a> and everything felt smaller, including my own room, where I'd lived for years. I was more sensitive to noise; it's quieter in the US, while India is bustling with sounds all the time, so I couldn't sleep. The air quality was also worse.Since I was upset, I threw tantrums like a teenager. By the end of the trip, though, I realized I was at fault since I was expecting people to change their ways and norms for me when I was only visiting for a few weeks.I decided to travel once a year to India, a promise I've been able to keep for the most part.Despite these regular visits, I realize I've changed. I expect more silence and personal space. The <a target="_blank" class="" href="https://www.businessinsider.com/india-heatwaves-could-soon-not-be-survivable-humans-world-bank-2022-12">summers have gotten even hotter</a> in India, and I've become accustomed to air conditioning and higher-quality wifi since we have them everywhere in the US. I've also forgotten some customs and have done them incorrectly.Because of my newly acquired mannerisms, preferences, habits, and life choices, it's easy for my old social circle to see me as "the guy who's living abroad." If I say a word in an American way out of habit, sometimes they think that I'm doing it deliberately to show off. Or if I say something authoritatively, it's assumed that I got that confidence from living in the US, not because that was always my personality.I also see that I might come across as snobbish now, so I have to consciously think through how I'm coming across before I say something. Some people back home think very competitively — they've hinted that they think I'm just plain lucky, and if they had the opportunity, they'd do it too and much better.<h2 id="72978b4b-ce83-4e5e-a4d6-9a4c6e3aeb5e">I missed out on relationships</h2>My definitions of comfort, friendship, and relationships have also changed.Texts on WhatsApp and calls back home aren't as effective as <a target="_blank" class="" href="https://www.businessinsider.com/how-to-deal-with-homesickness-loneliness-living-abroad-2023-11">being in person with family and friends</a>. WhatsApp calls can work for short chats but aren't as good for emotional conversations. It's difficult to assess their emotional and physical states, and there's also a higher risk of arguments due to misunderstandings.Sometimes, friends or family don't share things with me because they think certain things would be better to be said in person. I also don't share as much about my life with them as I would've naturally if I were around. I've missed many occasions where people meet and reconnect — family members' and friends' weddings, childbirths, and other important events of their lives.I also didn't evolve alongside my friends in India. I haven't followed their timelines and feel less peer pressure. Differences in mindsets between my old friends and I have crept up over time, from food and content preferences to outlook on life.I feel like I could've grown faster both materially and spiritually in the US because of the opportunities I had here, and that may not necessarily be at the same pace as the people I grew up with.<h2 id="8b127f72-db4a-46f9-a249-de4026d82a01">I wonder what my life would've been like if I stayed in India</h2>I'm generally happy with my job and my experience working in Big Tech here.While I have no regrets about my choice to move to the US for a tech job, part of me wonders what my life would be like now had I stayed back in India. Maybe I would've gone after dreams I aspired to as a teenager, like becoming an <a target="_blank" class="" href="https://www.businessinsider.com/quit-tech-job-launch-startup-now-make-400000-2024-4">entrepreneur in tech</a> or entertainment.But perhaps this is a bit of wishful thinking. As a colleague here put it, "Who knows, maybe you'd have just been a failure there — so many try and fail and only a few succeed." I don't have any way of knowing what could've been.Living somewhere new changes you internally and makes you a different person. I feel too foreign here and too foreign there. Even if I had all the resources to go back to India, it'd be different — I've grown apart from who I was. And as much as I really like the US, I'm not from here. I don't have the same upbringing as many people here, so there are subtle differences in the jokes, music, pop culture references, and even habits.One thing I'd like to do is to actualize all of my gifts and feel fully utilized, whether from a creative standpoint or a tech and business standpoint. I feel I haven't done that much and mostly have been flailing to make ends meet and get myself into a <a target="_blank" class="" href="https://www.businessinsider.com/personal-finance/investing/financial-plan">"safer" situation</a> by having a job, insurance, and savings.But with the recession, there's nothing safe, and I see that I could've just taken risks in the first place — on my startup idea, trying to break into the movie industry, or even taking a break to write a novel I've wanted to write — and I can do so even now.When I first moved to the US, I explored different frameworks for long-term thinking, such as <a target="_blank" href="https://www.businessinsider.com/what-you-can-learn-from-jeff-bezos-leadership-style">Jeff Bezos's</a> famous approach of <a target="_blank" href="https://www.goodreads.com/quotes/896830-i-wanted-to-project-myself-forward-to-age-80-and">looking at your life from the point of view of yourself at 80</a>. I hope I can make more conscious future choices to reach an outcome that I can be happy about when I'm in my 40s, 50s, or 90s.If you moved countries for a job and would like to share your story, email Jane Zhang at <a target="_blank" href="mailto:janezhang@businessinsider.com">janezhang@businessinsider.com</a>.

Leaving India and working in tech in the US changed me. I feel too foreign here and too foreign there.

<ul class="summary-list"><li>Team owners will meet at the annual league meeting in March to discuss private equity.</li><li>The investment-ownership model is favored in the NBA, MLB, and NHL — but not in the NFL.</li></ul>NFL ownership is unique compared to other major-league sports. When you think of <a target="_blank" href="https://www.businessinsider.com/celebrities-spotted-at-the-73rd-nba-all-star-game-2024-2">the NBA</a>, the players spring to mind before the owners. But in <a target="_blank" href="https://www.businessinsider.com/taylor-swift-made-nfl-more-popular-in-america-us-2023-9">the NFL</a>, a team owner's face is often as familiar to fans as any player's.Most owners have long histories with their teams, which are often family-owned and passed down from generation to generation.But this narrative could change as the league inches closer to opening its doors to a slew of institutional investors, including <a target="_blank" href="https://www.businessinsider.com/top-private-equity-firms-investing-in-sports-2022-10">private-equity firms</a>, <a target="_blank" href="https://www.businessinsider.com/personal-finance/venture-capital">venture-capital funds</a>, and potentially sovereign-wealth funds.Why is the league considering this? Team valuations are skyrocketing, raising the bar to entry to anyone but the richest of the rich, including <a target="_blank" href="https://www.businessinsider.com/rich-sports-team-owners-investing-private-equity-2023-9">Silicon Valley billionaires </a>and <a target="_blank" href="https://www.businessinsider.com/sports-investing-pga-tour-nfl-2024-1#:~:text=Lasry%20and%20Cohen%20are%20prime,hedge%20fund%20boss%20of%20Point72.">Wall Street tycoons</a>.In 2023, the average team was worth a record $5.1 billion, up by 14% from the year prior, according to <a target="_blank" href="https://www.forbes.com/lists/nfl-valuations/?sh=36a0b9717386">Forbes</a>. The Washington Commanders is a prime example of how team valuations have shot up — the billionaire <a target="_blank" href="https://www.businessinsider.com/apollo-global-josh-harris-family-office-tensions-2022-9">Josh Harris</a> bought the team for $6.05 billion in July."There are only a limited number of billionaires left who will check every box to be a lead owner," <a target="_blank" href="https://www.businessinsider.com/mark-patricof-private-equity-investing-professional-athletes-2021-5">Mark Patricof</a>, the founder of the investment firm Patricof Co and an operating executive at the private-equity firm Crestview, said. "Clearly, they're going to have to have a change in the threshold of what the lead owner has to put up to control the team."The NFL has long encouraged the family-ownership model, but it appears that executives are starting to realize that skyrocketing valuations are making it harder for owners to keep these teams within their families. <a target="_blank" href="https://www.bloomberg.com/news/features/2024-02-09/nfl-owners-face-huge-estate-taxes-to-keep-teams-in-family">Changing the rules</a> to allow more owners with passive interests to invest in teams could help NFL families benefit from rising team values without losing control."In 2026, 50% of the tax exemptions that are currently in place for estate taxes are expiring," Carrie Potter, a lecturer of sports management at Rice University and a sports-finance expert, said. "So when these teams are selling for $6 billion, the amount of estate tax that they're going to have to pay is incredibly high.'Another reason the ownership rules may change is that there are no Black controlling owners in the NFL and fewer than 12 Black billionaires in the United States, Forbes data shows. Some teams have partial Black owners, including the Denver Broncos — whose partial owners include <a target="_blank" href="https://www.businessinsider.com/mellody-hobson-life-career-denver-broncos-ariel-investments-george-lucas-2022-6">Mellody Hobson</a>, <a target="_blank" href="https://www.businessinsider.com/condoleezza-rices-advice-for-women-leadership-tips-kpmg-2022-6">Condoleezza Rice</a>, and <a target="_blank" href="https://www.businessinsider.com/lewis-hamilton-net-worth-salary-wife-f1-mercedes">Lewis Hamilton</a>, but they are not controlling owners.Therefore, the burning topic of private equity will most likely spark conversation when executives from all 32 NFL teams gather at the annual league meeting in <a target="_blank" href="https://www.businessinsider.com/moving-to-orlando-florida-cheaper-homes-from-miami-california-ny-2024-2">Orlando</a> in a few weeks. Owners are expected to discuss what the model could look like, who could be affected, and how it could impact ownership diversity."I think the owners are going to be split," Kurt Rotthoff, a finance expert and professor of economics at Seton Hall University, told BI. "I think they'll be torn because of the legacy aspects that you can build by having the family or individuals or a small group of people own the team for long periods of time."So, what could a rule change mean for institutional investors, their Wall Street brokers, owners, and sports fans? To better understand this, BI spoke to leading sports-finance professionals, including Patricof, an investment banker who has advised <a target="_blank" href="https://www.businessinsider.com/florida-democrats-dwyane-wade-grant-hill-nba-scott-2024-senate-2023-5">Dwyane Wade</a> and <a target="_blank" href="https://www.businessinsider.com/coco-gauff-best-tennis-advice-from-venus-williams-2023-8">Venus Williams</a>, and three sports-finance professors from leading institutions.Here are their thoughts.<div type="image" title="Head coach Andy Reid and owner Clark Hunt wave to fans" height="3536" width="5314" msid="108117361" hostid="261"></div><h2>The NFL team owners</h2>Gil Fried, a professor at the University of West Florida and the author of "<a target="_blank" href="https://us.humankinetics.com/products/managing-sport-facilities-4th-edition-with-web-study-guide">Managing Sports Facilities</a>" and "<a target="_blank" href="https://affiliate.insider.com?amazonTrackingID=biauto-64358-20&amp;h=dbead43162155666d5ec6c1b317fc3c4e6ff05419677e3c060b695f14c011271&amp;postID=65e091d5e3dcaf0271294dd8&amp;postSlug=nfl-ownership-rules-change-big-win-wall-street-private-equity-2024-2&amp;site=bi&amp;u=https%3A%2F%2Fwww.amazon.com%2FSport-Finance-Gil-B-Fried%2Fdp%2F1492559733-">Sport Finance</a>," said he thinks the owners will be the winners of any rule change because it will allow them to cash in on their investment at a high premium while potentially still maintaining a majority stake in their teams.Opening the door to people "who aren't shy when it comes to dropping a billion dollars for part ownership of minority ownership in a team is going to be a godsend for current owners," he said.Experts also think NFL team owners' "wealth would increase drastically," Rotthoff said — due to the considerable profits they've already made from <a target="_blank" href="https://www.businessinsider.com/dyal-basketball-private-equity-phoenix-suns-nba-team-stakes-2021-7">team valuations </a>in the past decade.<div type="image" title="Football player celebrating with a crowd of people at the New York Stock Exchange" height="3257" width="4886" msid="108117363" hostid="261"></div><h2>Wall Street</h2>Wall Street will come out on top because it is made up of companies that stand to earn big fees managing these investments and acting as <a target="_blank" href="https://www.businessinsider.com/what-do-investment-bankers-do-2016-7#:~:text=%22An%20investment%20bank%20does%20something,through%20to%20the%20very%20end.">brokers for buyers and sellers</a>.Experts think the NFL won't go as far as allowing sovereign-wealth funds, or funds controlled by foreign governments, to invest in sports teams. But, they think the NFL will allow teams to sell small, passive stakes to a wide variety of other types of institutional investors, including <a target="_blank" href="https://www.businessinsider.com/wall-street-private-equity-woes-debt-stock-market-interest-rates-2023-12">private-equity</a> and venture-capital firms, both of which tend to raise money from wealthy people to invest in an array of assets, whether startups, <a target="_blank" href="https://www.businessinsider.com/blackstone-jonathan-gray-predicts-commercial-real-estate-bottom-2024-1">real-estate</a>, or sports teams.<a target="_blank" href="https://www.businessinsider.com/citigroup-and-jpmorgan-announce-new-investment-banking-leaders-viswas-raghavan-2024-2">Wall Street investment banks</a> could also benefit in their role as advisors to wealthy investors and sports teams, including helping connect buyers with sellers. Just last year, Goldman Sachs launched a new Sports Franchise Group within its investment-banking team to help connect wealthy people with opportunities to invest in teams, stadiums, and other sports assets, <a target="_blank" href="https://www.wsj.com/finance/banking/goldmans-pitch-to-rich-clients-hey-buy-a-piece-of-this-sports-team-5a58746b">the Wall Street Journal</a> reported.<div type="image" title="Stock man with chart" height="350" width="700" msid="108117365" hostid="261"></div><h2>Investors</h2>Investors are less likely to be winners from the NFL rules changes.Experts believe as soon as the rules change, there could be an initial boost in <a target="_blank" href="https://www.businessinsider.com/sports-leaders-invest-billions-into-the-pga-tour-2024-1">team valuations</a> as investors scramble to get a piece of the pie. But new investors may find themselves disappointed in the long term, Rotthoff said."I think Wall Street would see the initial honeymoon bump in terms of investors trying to jump in," he said. He compared it to <a target="_blank" href="https://www.businessinsider.com/coinbase-stock-price-sam-bankman-fried-ftx-crash-markets-cryptocurrency-2022-11">much-anticipated IPOs</a>, which can result in a stock popping on its first day of trading only to decline after the hype fades."It's a very risky long-term return," he said. "As more people try to own more of these teams, it would diminish the average expected return over time."<div type="image" title="Taylor Swift gives fans a high-five during the NFL playoff matchup between the Chiefs and Dolphins." height="2000" width="3000" msid="108117367" hostid="261"></div><h2>Sports Fans</h2>Experts think sports fans stand to lose in the long run, even if they benefit from owners having more money to invest in their teams in the short term.Opening the door to new investment will mean a sudden influx of cash that owners could put toward some much-needed upgrades, Potter said. "A lot of the <a target="_blank" href="https://www.businessinsider.com/super-bowl-2023-state-farm-stadium-grass-cost-months-2023-2">NFL facilities</a> are aged and have a lot of upgrades that need to happen or perhaps new stadiums to be built."But it could also mean rising costs, especially as "smart money investors" — such as institutional investors, hedge funds, or private-equity firms — start demanding a return on their investment, Fried said."That's their whole purpose," Fried said. "They want to have a strong rate of return. The only way to get that is by finding a new revenue stream." That could mean increased concession or ticket prices, he added. And it could mean average fans "get priced out of being able to actually go to games".Experts also believe that <a target="_blank" href="https://www.businessinsider.com/how-overtime-grew-revenue-to-projected-100-million-advertising-sponsorships-2024-2">sports fans </a>may lose passion if they feel like the corporation is putting on a show.Fans may "feel like losers," Rotthoff said. This feeling may be because fans are used to having a "particular person that they perceive as being invested in their team and their local community to a private-equity group who is probably less invested in the local areas," he said.Contact this reporter to share your experience. Tiara White can be reached via email at <a target="_blank" href="mailto:twhite@insider.com">twhite@insider.com</a> or SMS/ the encrypted app Signal at <a target="_blank" rel="noopener noreferrer" class="c-link">(917) 275-7823</a>.

The NFL is gearing up to change team ownership rules in what could be a massive win for Wall Street

Markets regulator <keyword id="35210" type="General" weightage="80" keywordseo="sebi" source="Orion">SEBI</keyword> has simplified the procedural requirements for onboarding of <keyword id="6389755" type="General" weightage="50" keywordseo="foreign-portfolio-investors" source="Orion">Foreign Portfolio Investors</keyword> (<keyword id="2005494" type="General" weightage="100" keywordseo="fpis" source="Orion">FPIs</keyword>) in a bid to facilitate ease of doing business and to reduce the time taken for their registration. The regulator allowed designated depository participants (DDPs) to grant <keyword id="725142" type="General" weightage="80" keywordseo="fpi" source="Orion">FPI</keyword> registration on the basis of scanned copies of application forms and supporting documents, according to a circular issued on Monday. Granting of registration on the basis of scanned copies has been allowed but trading can only be activated following the verification of the physical documents, it said. At present, applicants are required to send both scanned copies as well as physical documents of application forms and supporting documents to the DDPs for obtaining the FPI registration. In addition, the <keyword id="63783" type="General" weightage="50" keywordseo="securities-and-exchange-board" source="Orion">Securities and Exchange Board</keyword> of India (SEBI) has allowed DDPs to accept the use of digital signatures by FPIs for the execution of registration-related documents. Besides, the regulator has permitted verification of <keyword id="61610" type="General" weightage="50" keywordseo="pan" source="Orion">PAN</keyword> by DDPs through the Common Application Form (CAF) module available on the websites of the depositories. Currently, DDPs can verify the PAN only after receiving a hard copy of the PAN from the applicant. In a bid to reduce the physical movement of documents and the time taken for registration, SEBI has allowed authorized bank officials to use the SWIFT mechanism for certification of copies of original documents submitted by FPIs, it said. These moves are aimed at easing the onboarding process of FPIs and reducing the time taken for granting registration as well as opening of demat, trading and bank accounts of FPIs, the SEBI said. For operational convenience, SEBI said in case an FPI applicant belongs to an existing FPI investor group, it may submit its unique FPI investor group ID in the CAF, in lieu of providing complete details of all group constituents. In case the applicant wants to club additional FPIs (apart from itself) in such a unique investor group ID, the FPI only needs to provide details of such additional FPIs, along with the investor group ID, it said. Currently, an FPI applicant, at the time of registration, is required to provide details of FPIs with whom it shares ownership of more than 50 percent or common control. Depositories in turn generate a unique FPI investor group ID for identifying each such FPI investor group. The circular, which will be applicable with immediate effect, came after SEBI's board in its meeting in December 2022 approved the simplification of certain procedural requirements for on boarding of FPIs. Earlier this month, SEBI made stringent norms for FPIs asking them to disclose any material change in their structure and common ownership within seven working days. With regard to new FPI registrations, the regulator can ask them for any additional documents which may be required. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/sc-dismisses-customs-plea-claiming-overvaluation-in-import-of-capital-goods-by-adani/articleshow/99057735.cms">SC dismisses custom's plea claiming overvaluation in import of capital goods by Adani</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/indias-covid-cases-show-a-slight-drop-with-only-1539-new-infections-and-four-deaths-in-the-last-24-hours/articleshow/99057573.cms">India's Covid cases show a slight drop, with only 1,539 new infections and four deaths in the last 24 hours</a>

Market regulator SEBI eases FPI onboarding process

<ul class="summary-list"><li>US home prices are still hovering near record highs, making real-estate investing a costly venture.</li><li>Fractional-ownership firms help people invest in real estate even if they are short on cash.</li></ul>Owning one home in the US is hard — <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.businessinsider.com/housing-affordability-buy-house-mortgage-rates-home-prices-2022-9">and expensive</a> — enough.Now Americans <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.businessinsider.com/americans-moving-to-europe-cheaper-homes-2022-8">are showing more interest in Europe</a> and other — relatively — cheaper spots abroad to buy <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.businessinsider.com/americans-buying-homes-europe-strong-dollar-exchange-rate-euro-2022-9">pieds-à-terre and investment properties</a>. The moves are not without challenges: Inflation and other costs are eating into homebuying budgets, and prospective investors must often navigate foreign-investment regulations.But some startups make it easier for Americans to enjoy the benefits of buying a second home abroad or becoming a landlord overseas — without the high up-front costs.Take <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.gethousie.com/">Housie</a> and <a target="_blank" rel="noopener noreferrer nofollow" href="https://flyway.app/">Flyway</a>, new startups that embrace a growing trend in real-estate investing: <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.businessinsider.com/real-estate-investing-fractional-ownership-second-home-landlord-investment-property-2022-6">fractional ownership</a>. The trend allows everyday people to purchase a share of a property instead of footing the entire bill. In return, investors get a share of the profit from renting it out or, in some cases, a set amount of time to visit the property.<div type="image" title="The dining area of a Housie unit in Buenos Aires, Argentina." height="800" width="1200" msid="94501718" hostid="261" sizebytes="59490"></div><h2>Can't afford a whole Airbnb? Buy a share of one and reap profits as a co-landlord.</h2>Housie, a platform founded in July 2022 in Argentina, gives customers the opportunity to fractionally invest in studio apartments in attractive locations for short-term visitors to popular South American cities including Buenos Aires, Argentina and Santiago, Chile.According to Germàn Rimoldi, the cofounder and CEO of Housie, the company is admittedly taking advantage of some countries with down economies, <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.businessinsider.com/goldman-sachs-argentina-headed-for-currency-and-economic-crash-2019-9">like Argentina</a>, which he added is a common approach to real-estate investing."I saw the opportunity of investing when prices are significantly low when Argentines started purchasing property in the US in 2008," Rimoldi told Insider. "That's when I realized that that approach is easy to understand for most investors."<div type="image" title="A few of the listings on Housie." height="511" width="1110" msid="94501720" hostid="261" sizebytes="45070"></div>Right now, for a minimum of $100, users can buy shares of properties and receive dividends quarterly depending on how well the property does on the short-term market.<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.redfin.com/city/21306/MI/Argentine/housing-market">Data from Redfin</a> shows the average price per square foot in Argentina was $195 in August 2022 — a 16.5% decrease from the previous year. According to Rimoldi, Housie is buying studios in the heart of Buenos Aires' downtown district for around $200 per square foot, which he believes is well undervalued.Once purchased, the company lists the properties on Airbnb. According to AirDNA, a vacation-rental-data firm, Buenos Aires has 12,105 active rentals. For comparison, Miami has 13,280. So far, Housie has six apartments in total — one in Chile, two in Argentina, and three in Florida — and has over 1,200 US investors registered on the platform, according to Rimoldi.On the other side of the world, the London and Athens, Greece-based startup Flyway is taking a different approach to fractional ownership.<h2>Buy a share of a London apartment for as little as $150,000 and stay there a few weeks a year</h2>Flyway, <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.finsmes.com/2022/08/flyway-raises-usd10m-in-funding.html">which was founded in 2021 and raised $10 million in funding</a> <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.finsmes.com/2022/08/flyway-raises-usd10m-in-funding.html">in August</a>, targets a wealthier investor. Its clientele deal in luxury pieds-à-terre, or second homes that owners visit infrequently.<div type="image" title="Flyway's homepage" height="730" width="1758" msid="94501721" hostid="261" sizebytes="114358"></div>Customers can buy up to six shares out of 12 of a turnkey home in London — and soon to be other large cities — in exchange for at least one month to spend in the home during the year."Throughout my whole life, I traveled very frequently in a number of cities and I always wanted a solution like this," Nikos Drandakis, the founder and CEO of Flyway, told Insider. "I threw away so much money on hotels."Currently, Flyway offers four homes in London with the lowest share price starting at 131,000 pounds a share — or $149,121 — for a one-bedroom unit on Liverpool Street, while the highest is 519,000 pounds per share for a two-bedroom apartment. The dollar is strong against the pound and the euro right now, making <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.businessinsider.com/most-popular-places-americans-buy-real-estate-europe-dollar-investment-2022-9">investing in European cities</a> relatively more affordable, and more appealing, for Americans.<div type="image" title="Flyway's listing page" height="704" width="1270" msid="94501723" hostid="261" sizebytes="60792"></div>After splitting the property between investors, Flyway takes on a property-manager role and charges a monthly fee. Still in the preliminary stages, Flyway has sold some shares but the homes have yet to be rented out.As for future plans, Drandakis wants to first see if his product works in London, but intends to focus on large metros as he believes those homes will hold more interest during the year compared to beachfront spots."With vacation homes, everybody wants to be there in July, and if you have eight, ten owners, it's very hard to split the time," Drandakis said. "But when you have homes in the city, you usually don't have this kind of seasonality. It's throughout the whole year demand for these homes."

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