We have spent energy talking about affordable healthcare, and other necessities, to the betterment of our society.
Nothing wrong with that, if dialogue is honest, and demagoguery stays home.....
But what I find lacking in this arena is a main component in ensuring stability in our neighborhoods....
Affordable housingFor the moment I want to just focus on home ownership, not rental properties (rent).
Owning a home is the biggest investment the majority of people will ever make. Once they have a vested interest in this property/community, the natural instinct is to protect it, fostering a healthy enviroment through participation in local politics, schools, business, etc....
We need to find a way to make this happen for anyone wanting to be part of that "american dream".
Not
give it to them, no......
But more in a way that allows for a healthy sustaining market, without government interventions....
That is more accessible to the lower and middle class households.
My idea is to
limit appreciation to a certain percentage point per year, say, 5% (just a random number) so it would hopefully curtail investing and flipping, etc, which drives the markets higher....
We shouldn't use the
home as a means to wealth, it destabilizes those benefits I listed above re: stability in neighbors/communities.
Also, for those who buy to live in their home, interest should be
simply.
No more amortized, where the lenders and banks reap
first and foremost hell, they already charge points, cost, etc....UP FRONT, while those doing the maintaining, etc, of the
real property have to often wait years to realized their efforts in returns of said investments.....
A simple loan with equal payments of principal and interest will give the owner a greater and faster share of any equity in the property,
which will be a added incentive to keeping the properties/communities up, etc....for they really will see it in their pocketbooks, etc.....
Well?