I am determined that everyone shall be free to determine their own lives
https://www.facebook.com/Changing-To-let-signs-to-read-Toilet-162741870470581/
Freedom from Rent Slavery
Rent is in effect slavery; you go out to work and most of your money from that work goes to pay your rent. You have a little left, for food and for entertainment, these only help to sustain your morale which means you are ready to go out and do more work for more money to pay more rent, the cycle continues. Yet, for all your labours you are not free.
https://api.parliament.uk/historic-hansard/commons/1947/apr/02/tied-cottages-evictions
It takes ages, and a lot of sacrifices – and sometimes it is not possible – to save up enough for a deposit to buy your own home – usually you have to save up 5% or 10% of the total value for a mortgage to be considered on it. Yet, over time, and in many cases as soon as you start to pay the money back you are paying less than you would have done paying rent – you grow increasingly free. Also if you are beholden to a land lord or lady you have to ask their permission to set up a business there, because it is their property, so you cannot generate any more funds. The word mortgage is made up of two words mort meaning death and gage meaning pledge – yet we take out mortgages where we are expected to repay them during our lives so the correct old-fashioned term should be vifgage with vif meaning life.
https://www.linkedin.com/pulse/lif-let-mort-story-mortgage-raymond-anderson/
Students are afforded loans in order to better themselves and these can be far more than the amount required to be saved for a deposit on a house. Okay they don’t have to be repaid if the educational investment did not pay off, but where it does they do. With a Life Loan this would be different, you would have to pledge to pay it off within your life, and my imagining thinks that a term of 10 years is reasonable. So if you obtained a Life Loan of £20,000 you would be required to pay back £2000 per annum for it. This would be as well as paying the rest of the payment plan for the property. You would be saving up and putting those savings directly in to their intended destination. £2000 ÷ 12 = £170 x 11 + £130 : so not too much per month. You would be paying about £1000 per month for the mortgage for a £200,000 property, so in total you would pay £1170 per month for 11 months of the year and £1130 for the final one = not impossible. After the 10 year Life Loan payment period obviously less.
http://www.unin.us/2018/10/01/a-property-owning-democracy/
Along with my Micro Mortgages and Macro Mortgages in my post A Property Owning Democracy – for those who do not feel the need for a bigger property at the time – this would mean all people would be free.
https://www.gov.uk/affordable-home-ownership-schemes/help-to-buy-equity-loan
https://www.gov.uk/government/news/new-95-mortgage-scheme-launches
The UK Government has created assistance for the other 95% – that part could also be done by banks as I experienced in 1996 with my 5% – a much smaller amount was needed then both in actual and relative to salary terms – but they are not willing to do so (they are more willing to help buy to let and investment owners from overseas who will never live in the property leaving it empty so we have to build yet another home on nature’s land wrecking the environment again and again) (we in the UK bailed out these organisations to our great cost in for e.g. in 2008 – they owe us more and more)
This is for the savings element – the 5%
If you have parents who allow you to live rent free saving is easier and you also have to have the luck of getting on with them too and for them to be able to afford to. There are multiple variables. The differences between those who start out fortunately supported and those who do not are akin to those who are well supported educationally from birth to school which makes some in top set, some middling and others at the bottom, with that the learning speed and style differentials divide grows greater over time making leaps up impossible, I have thought about this since I was at school and these thoughts will be detailed in future posts. Equality of opportunity is systematic. Gordon Brown did introduce a from birth ‘savings’ scheme to be handed over to the child when they became an adult at 18. The trouble with that is that some got topped up and others didn’t, and it had to start somewhere, meaning many missed out, and what I saw from the outset was that there would be price rises of the exact amount the government had given, so not a training savings scheme at all, quite the opposite, the young adult would spend it, several not wisely, as there we no conditions to it. Years ago I did think of a savings scheme for children primarily, which I will create another post to tell you about.
With this the manner of paying back the loan would be a deduction from salary, whatever that salary was – if you were not working or claimed poverty you would be required to do work in kind for the government to pay for this or if that wasn’t available you would have to strictly look for all work or create your own money source selling something to pay for this. Flexibility creates more demands for flexibility and then this would not work. The amount required anyway per month is less than a week’s wages.
Those very fortunate to be in Council accommodation paying favourable rents would be signed up to a Savings Scheme to create this 5% deposit on a house, they would have to put away £2000 of their own money each year and have a maximum tenancy time of 10 years. They would be able to use this money to buy the properties they were living in if it were within their budgets. If not they would move out to a smaller one. Overpopulation is an extreme pressure on the environment – also on the more restrained taxpayers – which is not fair to nature or humanity alike. Council property will no longer be available to anyone at the end of these final tenancies. One detriment to rental accommodation zones is a lack of investment in the communities in these areas, people need to have a responsible stake in where they live, and be serious about making it and keeping it nice.
All the assistance will be in the form of loans – no other format will be available, everyone will get the same.
There will be location flexibility fixed into this – so that you can re-locate within the country for work – if you personally need (and this is a one way ticket only to avoid both way exploitation to the government and or you) to go abroad for an opportunity we will do all we can to release your investments whilst doing all good security checks to ensure they are safely saved for you.
The trouble is with renting is someone else is squirreling away your retirement funds and what you can leave as gifts when you go to heaven – this will allow anyone of any age to start this off – a little is always better than nothing – we’ll keep you informed about what %age of your property is yours and which is still ours (the government i.e. the taxpayers) this will depend on how much you have paid off and the current value of the physical property on the ground.
Dido – Life for Rent
https://www.youtube.com/watch?v=OFtNChII78k
Lyrics
I haven’t ever really found a place that I call home
I never stick around quite long enough to make it
I apologize once again I’m not in love
But it’s not as if I mind
That your heart ain’t exactly breaking
It’s just a thought, only a thought
But if my life is for rent and I don’t learn to buy
Well, I deserve nothing more than I get
‘Cause nothing I have is truly mine
I’ve always thought
That I would love to live by the sea
To travel the world alone
And live more simply
I have no idea what’s happened to that dream
‘Cause there’s really nothing left here to stop me
It’s just a thought, only a thought
But if my life is for rent and I don’t learn to buy
Well, I deserve nothing more than I get
‘Cause nothing I have is truly mine
If my life is for rent and I don’t learn to buy
Well, I deserve nothing more than I get
‘Cause nothing I have is truly mine
While my heart is a shield and I won’t let it down
While I am so afraid to fail so I won’t even try
Well, how can I say I’m alive?
If my life is for rent and I don’t learn to buy
Well, I deserve nothing more than I get
‘Cause nothing I have is truly mine
If my life is for rent and I don’t learn to buy
Well, I deserve nothing more than I get
Nothing I have is truly mine
Nothing I have is truly mine
Nothing I have is truly mine
Nothing I have is truly mine
Source: Musixmatch
Songwriters: Dido Armstrong / Rollo Armstrong
Life for Rent lyrics © Universal Music Publishing Mgb Ltd., Warner/chappell Music Ltd
Sourced from google search