Re:Arrived – a new model of home ownership
by esotericn on Tuesday August 13, 2019 @09:39AM
(#20685680)
Disagree that the big advantage of owning comes from locking in housing costs.
That's part of it, sure, but the biggest reason for me is permanence. I want a place I know that I'll be able to call home in 20 years. Homeownership achieves that.
Re:Arrived – a new model of home ownership
by remicmacs on Tuesday August 13, 2019 @06:01AM
(#20684157)
I was looking for a reference to housing co-ops in the comments, thanks.
To me it looks like a housing co-op scheme with more vendor lock-in, so to speak. But housing co-ops come in so many different shapes and form across the world so there might be some that have also some kind of lock-in disadvantage.
In any case it's refreshing to see that people want to question the home ownership model we rely on on an everyday basis.
e.g. Write a contract such that equity is accrued over time, while I pay dividends on the "financed" portion of the home. This would also provide a hedge for home owners against their home price going down as the fund's assets would be spread across multiple markets.
As an individual I'd net out to the same investment position as if I sold the equity portion of my home to a REIT, then re-invested the money into the same REIT.