But Michael Burry, the hedge fund manager who foresaw the housing market's nosedive and was immortalized in the movie "The Big Short," clearly doesn't think so.

He was an early investor in a new real-estate peer-to-peer lending platform called PeerStreet.

PeerStreet, cofounded by Brett Crosby and Brew Johnson, is applying the peer-to-peer lending model to real estate, giving investors access to high-quality private real-estate loans.

As investors diversify assets in a low-interest-rate world, Crosby and Johnson seek to take an asset class that was traditionally only available to institutional investors like banks and hedge funds and make it accessible to a wider audience of accredited investors.