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Hey i think you have an idea, and i don't see why one of those large foundations 'Gates',
'Ford' that offer aid all around the world could not look into something like that for you all back home. They are non profit organizations that work on sustainability, this sounds sustainable to me. Though i am no economist either. But how common is common sense?
posted by
goodwhisky
on January 23, 2009 at 12:49 AM
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Ciel
What you seem to be proposing is a kind of 'culture of disinterested altruism.' It's nice, but completely unrealistic. You wouldn't get private capital to do that on any large scale, and certainly not in a market where prices are going down. Essentially it would mean buying and then leasing houses (or condos) to people and giving them an option to buy. The owners would indeed be landlords, and would have to have legal standing as such, to protect their rights. And if one were to create a legal framework that would curtail their rights, you wouldn't get any takers...
What we really need is an easing of the credit situation, (also easier said than done) so that businesses can operate and provide jobs for people to be able to buy houses...
And what we also really need is for Obama to do what Bush failed to do - go for some real change and bring pressure to bear on countries like China and others around the Pacific rim, including that basket case Mexico, to revalue their currencies, so that their worker's wages are more in line with ours, levelling the playing field a bit! Is he gonna do that? Am I the Easter Bunny? 
posted by
Nautikos
on January 22, 2009 at 8:05 PM
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