You will own nothing but be HAPPY
- Updated On November
- By ManageLife
We hear a lot of lines telling about Home and Homeownership:
“Home is optional; experiences are essential.”
“Renting memories, not mortgages.”
“Owning a home? That's so yesterday.”
And that famous one:
“You will own nothing but be HAPPY!”
-- World Economic Forum
These famous sayings suggest that we no longer need to own homes. However, the creators of these sayings often own homes themselves, as it has been their ultimate life goal and pursuit for generations. Now, they are telling us not to own homes, but why? Because they are serving capital interests and must adhere to the rules set by the current controlling establishment that controls the capital, hoping to receive a small piece of cake as a reward if they comply. The establishment makes people believe that the housing market is governed by supply and demand dynamics, with prices fluctuating based on this equilibrium. They tell you from the news, mainstream media, studies about themselves, and data on how well they mislead people. As a result and over the lifetime of the home, buyers frequently have to pay significantly more than the actual cost of a home to acquire one, plus all the middleman fees, and many feel that this situation is unchangeable.
This has to change, there is a better way, no more bullshit fees, and overcharging, respectfully.
The pricing of your dream home is influenced by banks, insurance companies, institutional capital firms, private investors, and the government regulating and policing. In general, two types of capital are involved in the housing development process: debt and equity. Debt financing involves charging a current market interest rate over a specific term, using the project or property as collateral. This interest rate typically includes an industry-standard rate plus a government reference rate. Equity financing, whether from individual or institutional investors, demands a higher return than the interest rate on debt. Developers, in addition to covering costs and securing profit for themselves, must repay all interest and investment returns to their financiers. Consequently, home buyers often find themselves with no alternative but to accept these higher costs.
Do you still want to compromise your life and your family for the current establishment?
If not, let us make use of blockchain technology to fix it together.
Let us talk about why blockchain technology can fix it next.