I’ll be polite because I know most hexbears here won’t be (please comrades don’t dunk much on this person, I mean it).
As fair deal as possible would be rent at production + maintenance costs, anything above this goes in the form of assets to the homeowner, which implies a wealth extraction from literal war refugees to a local with a house. There are no risks of depreciation in social housing for example because there’s no “market value”, only production + maintenance, which are fairly constant, and default + damage should be socialized costs as much as falling to the ground and breaking your arm on the street, even if you’re drunk, should be paid for by society.
Appreciate the restraint and fully agree with you on what should be. My struggle is just to thread the needle between what should be and what’s possible with the systems we have in place.
instead of rent you sell non-voting shares in a company that owns the property and anyone who was ever a “renter” is entitled to a dividend if you ever sell proportional to their contribution to the mortgage and maintenance, or a discount if you sell to them.
uhhhh contact your state’s bar association i guess? i don’t remember what specialty of lawyer you need for it. I haven’t seen a template around, just general ideas for ways to entitle renters to a fair-ish share of the equity that’s built.
an S-corp would be sufficient but there might be more purposeful arrangements. maybe steal some bylaw phrasing from co-ops.
Well, yes, the question is also about what’s possible with the systems in place. When examining the housing and rent market all over the western capitalist world, a plurality of political ideologices, parties and ethnicities has led to essentially the same problems taking place everywhere. If all politicians of all signs can’t formulate meaningful response, and no liberal democracy can solve the issue of housing, maybe the problem is more systemic than it is about policy.
In contrast, China has 95+% of home ownership rate, Cuban university students get free housing, and the Soviet Union had universal housing at an average rent of 3% of the monthly income.
My point is that it’s not that we need to innovate in policy and formulate new ideas, what we need is systemic change and immense pressure on the owning class, both of which can only be achieved through worker organizing in unions and in socialist/communist parties.
I’ll be polite because I know most hexbears here won’t be (please comrades don’t dunk much on this person, I mean it).
As fair deal as possible would be rent at production + maintenance costs, anything above this goes in the form of assets to the homeowner, which implies a wealth extraction from literal war refugees to a local with a house. There are no risks of depreciation in social housing for example because there’s no “market value”, only production + maintenance, which are fairly constant, and default + damage should be socialized costs as much as falling to the ground and breaking your arm on the street, even if you’re drunk, should be paid for by society.
Appreciate the restraint and fully agree with you on what should be. My struggle is just to thread the needle between what should be and what’s possible with the systems we have in place.
instead of rent you sell non-voting shares in a company that owns the property and anyone who was ever a “renter” is entitled to a dividend if you ever sell proportional to their contribution to the mortgage and maintenance, or a discount if you sell to them.
Is there a resource where I can learn about how to do something like this with my inheritance?
uhhhh contact your state’s bar association i guess? i don’t remember what specialty of lawyer you need for it. I haven’t seen a template around, just general ideas for ways to entitle renters to a fair-ish share of the equity that’s built.
an S-corp would be sufficient but there might be more purposeful arrangements. maybe steal some bylaw phrasing from co-ops.
That’s genius. Works in our capitalist hellscape and gives people ownership to a degree even while renting.
Almost a rental-coop hybrid model
Well, yes, the question is also about what’s possible with the systems in place. When examining the housing and rent market all over the western capitalist world, a plurality of political ideologices, parties and ethnicities has led to essentially the same problems taking place everywhere. If all politicians of all signs can’t formulate meaningful response, and no liberal democracy can solve the issue of housing, maybe the problem is more systemic than it is about policy.
In contrast, China has 95+% of home ownership rate, Cuban university students get free housing, and the Soviet Union had universal housing at an average rent of 3% of the monthly income.
My point is that it’s not that we need to innovate in policy and formulate new ideas, what we need is systemic change and immense pressure on the owning class, both of which can only be achieved through worker organizing in unions and in socialist/communist parties.