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> He’s devised a “reformed version of capitalism” with Telosa he calls “equitism,” where anyone can build and sell homes, but the city retains ownership of the
by neverminder 5y ago
> He’s devised a “reformed version of capitalism” with Telosa he calls “equitism,” where anyone can build and sell homes, but the city retains ownership of the land underneath.
Yeah, I currently rent in one of those modern private estates or "resorts" even as they are marketed in London. Apartment leaseholders are being held hostage by the landowner, in some cases paying more in service charge than mortgage. They are struggling to sell, because they would have to find bigger idiots than themselves and those are getting hard to come by. Never in my life would I agree to that.