This funnels even more capital into real estate as an asset class. Or it's an intermediate step to Georgism? https://twitter.com/bhorowitz/status/775768751941623808 …
I'm kind of interested in @NickTimiraos or @JedKolko or @dkmin's thoughts on this?
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CLTs more interesting & welfare benefits much higher but no one has figured how to scale it.
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also, a lot of the land is already priced in aggressively. :)
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Agree with
@TheSamKhater and@NickTimiraos. SAM (aka SEM) not new. See, e.g., http://cess.nyu.edu/caplin/wp-content/uploads/2010/07/Shared-Equity-Mortgages-Housing-Affordability-and-Homeownership.pdf … -
but are they beneficial from a policy perspective?
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I think you might also want to ask
@profsufi and atif mian &@RobertJShiller -
yeah those others would be more thoughtful than I am on this
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Sounds like a SAM? These have been tried in the UK in the 1980s/90s http://www.thisismoney.co.uk/money/mortgageshome/article-3745545/Time-banks-compromise-shared-appreciation-mortgages.html …
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