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Couple thoughts on those who would criticize. To those who would say the problem is global organization and the will to end homelessness is not sufficient. Its
by dpweb 9y ago
Couple thoughts on those who would criticize.
To those who would say the problem is global organization and the will to end homelessness is not sufficient. Its a good point, but the Internet did not explode onto the global scene from a UN commission. Rather an extraordinary technology was unleashed and the world participated, then it became essential. This is a technology.
The cost of land? At one point in history, it was not unheard of for the government to grant land to people, for free. Not purely out of generosity but in the long term interests of society. Radical?
This is a good example of a worthwhile technology and should be supported.
The danger is, when you get the banks and intermediaries involved, now you have an government contractor building the 4000$ house for $40000. Or more! Prices will rise to meet credit availability. The loans are distorted by the Govt guarantee. This is the sad truth of the housing market and 2008 taught us nothing.
And a 30 year loan to a very poor person? Ultimately a high risk loan guaranteed by the state. Just like the US housing market today.