for some reason there is in the owen meme machine
a obsessive fascination with ground rent as social steering wheel
i'm always repeating this
prolly since its never clarified in the press
and yet an adjustable george lot tax and mortgage principal adjuster
have near universal application
canton china to canton ohio
the notion of a lot tax is simple enough and an algorithm to calculate same
certainly construct able
especially an algorithm that adjusted the rate to both local and general conditions
similarly if mortgages were held by some sort of "whole peapole" set of trust funds
the principal values could be adjusted in like fashion
one or both would suffice
there was a land bank for lot mortgages
then the george tax could be simulated so long as whole people trust held the mortgages
-- sovereign funds SF's (which are in essence whole people funds)
exist already
so the forms exist
one simply has to set up SF's that hold all lot mortgages
the key is to make these adjustments automatically and with local variations built in
capitalized ground rent zeroed out of the purchase price by a full george tax would bne better but
a land bank might be easier to use as a sublation device
lot bubbles can't really form
only adjustable ground rents passed thru as adjustable mortgage payments
recall if set up correctly
the lot mortgage remains in tact till the entire home loan is paid off
nb
home loan rates are always lot mortgage rates plus n basis points
or rather lot rates are home loan rates less n basis points
always be clear about
home loan rates versus home... loam rates ..eh sherman ???
