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Re: It is unnecessary for ANYONE to borrow money to own a …

Home Forums DISCUSS Current News & Events It is unnecessary for ANYONE to borrow money to own a home! Re: It is unnecessary for ANYONE to borrow money to own a …

  • Wed, Feb 25, 2009 - 03:52pm

    #12
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    Re: It is unnecessary for ANYONE to borrow money to own a …

[quote=DrKrbyLuv]

kmarinas86 – You leave several important questions unanswered that are key to the process. For example, how would the construction costs be funded? You say that the contractor should be paid in full upon completion but you do not mention who writes the check and from what account will it be drawn?

Larry[/quote]

If one sells a house before it is constructed, then the builder can recieve the payment immediately from the fund.

If one sells a house after it is constructed, then the builder can recieve the payment from the fund only after it is constructed.

Now that the fund has been used, money is needed to refill the fund.

First add all the housing sales for the period: new sales=t+u+v+w+x+y+z…

Then divide this by the value of housing of homeowners who have not completely paid for the amount due for their house: new sales/(a+b+c+d+e+f+g…) This will equal a percentage.

That percentage is charged on those established homes (a+b+c+d+e+f+g…). That is how the funds will be maintained.