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financing

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  • Todd J. Binkley
    An interesting financing proposal for urban housing appears in an article at The New Colonist: http://www.newcolonist.com/yuppies.html An exerpt: The city
    Message 1 of 1 , Jul 4 5:21 PM
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      An interesting financing proposal for urban housing appears in an
      article at The New Colonist:

      http://www.newcolonist.com/yuppies.html

      An exerpt:
      "The city puts up the money to fund construction of a wide range of
      housing types.
      Occupants and nonprofit landlords have all the rights of traditional
      owners--except the right to sell for a profit. You buy one of these
      properties and you can live there as long as you live, let your kids
      live there after you, paint it, add a hot tub, whatever--but when you
      leave, you get back only the equity you have paid in and whatever
      improvements you've made. Your home becomes a place where you live, not
      something you invest in to make money. There is no speculation. Prices
      are stable."

      -T.J.
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