Re:How LeBron James' new public school is the first of its kind
by whatshisface on Wednesday August 01, 2018 @12:39PM
(#17664171)
If the property value goes up the rent will go up, because nobody will be willing to invest in capital construction or home management unless they can make their money back.
[ Parent
| on HN ]
Re:How LeBron James' new public school is the first of its kind
by gremlinsinc on Wednesday August 01, 2018 @01:15PM
(#17664539)
Why not create community 'owned' housing, similar to a worker co-op, where poorer communities collectively 'own' the location. Everyone pays area-rental fees, but each month rented = 1 share ownership. Once the mortgage is paid off, the rent goes towards buying more rental properties and rinsing/repeating. A % of all rents is divided out by shares to each renter or ex-renter. A % could also go to LeBron's public school as a donation.
Obviously the longer you stay at a place and the smaller the place the more shares you'd have in the place. Shares could also = voting rights on properties/etc... More votes = louder voice.
Think of it as privatized (not government-ran) socialism in the real estate market.
Re:How LeBron James' new public school is the first of its kind
by whatshisface on Wednesday August 01, 2018 @03:54PM
(#17666336)
If the property values go up, other people will buy the houses surrounding the collective, forcing the collective to pay more for housing and thereby raising the rents.