@builderofcastles This is an interesting way to look at it! ... like we always assumed capitalism could dominate in perpetuity, but our demand isn’t linear!
Really great idea.
On the practical side though, could you give us more on the mortgage points? I totally agree that we only work to pay the bank for no value added... but it’s not yet clear to me how we build the houses and own them. I get we need a new system but do you have any more ideas on what that looks like?
I’ve often looked at ways of abandoning capitalism
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I have written about it before, i will write it again.
You have heard of the Amish raising barns?
Well, we could build houses that way.
With modern construction practices and cheapness of materials a house shouldn't cost more than three months of labor.
A master carpenter, by himself, can build their dreamhouse in about 3 years. And this is with all the bells and whistles. Having a crew, specialized in each step cuts the labor down tremendously.
So, an apartment should cost a person 3 months work. A grand house should cost no more than 3 years. So, how do we have 30 year mortgages?
I believe we go about building houses completely backwards. We shouldn't kick kids out and say, go get your own house. We should help them build their first house. Probably as a Highschool program.
Love the high school program part! That would be awesome, having a project in school for them to work on until completion. Then you’re set up! I am seriously going to consider this as an idea for our kid.
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It is actually cheaper than sending your kid to college.