Alright hear me out, this is a sitting on the jacks thought. What if we started a crowd funding campaign and started buying property’s and renting them significantly below market value rents and reinvesting all proceeds to buy more property’s and starting more campaigns to help bring down rents. Like a Ryanair model but for housing? And or giving homes to people who need them? I mean folks in the states used crypto to raise 32m to buy an original copy of the declaration?
https://www.google.com/amp/s/www.nbcnews.com/news/amp/rcna5949
4 comments
What proceeds? What?
It’s not a bad idea, but there is an ENORMOUS amount of work involved in… all of that. AHBs do something similar, like Cluid and Respond. More “charity” than crowdfunding but similar premise.
There’s nothing wrong with it. Thousands of non-profits exist, it just takes one person to get it going. Just get on it.
You should look into the history of credit unions. Also, I don’t know that there’s loads of proceeds if you’re renting at a marked discount to market value. And where is the crowdfunding money going to come from? “Please buy someone else a house!” And how do you assign the winners? Father Ted draw?
Creative thinking is great though. Don’t want to discourage it.