Soultion to Mortgages for the Middle and Lower Class

[rusk2003]

What they should do is instead of mortgaging themselves into the ground for fifteen to thirty years They should get together with a group of 50-200 households and build themselves each house in their neighborhood. It would be cheaper and they could live in and own it much sooner Or two familes go in and buy a group home what the lations do which is very smart.

Most middle and lower income people who have mortgages are getting mortgags useing rich people's money who put money in CD's thus makeing them richer on the poorman's hard labor. And it would improve the quality of life for the middle class and poor since they could afford a nicer home. Plus it will be much better well built since they will be living in it.

And it would mean less homless people since if someone lost their job they would be less likely to loose their home.

Good Idea or What:bounce:

[searchingforlight]

1. This is the kind of grassroots movement that I have always believed in.

The immigrants did it (and still do) when they first came to America because they could see from the get go that the powers that be were not willing to cut them any breathing space.

Becoming a financial, domestic and political co-operative is the answer to the new rise of the lower and middle classes future. The pie has been stolen and the fat cats are getting fatter.

We need an alternative approach. We need to go back to those immigrants and find out how they operated, what control measures they used and take heart from the successes they have attained.

It is possible.

[revcarol]

2. I like this idea.

Also like the Habitat for Humanity model, where all the labor is volunteer, the materials are bought at the lowest prices, and the family makes payments that pay for the next house to be built.(NO bank or mortgage interest money paid.)

[spielino]

3. Left and Right would go for your idea

The Left would like it because the poor are taken care of and a sense of community is built.
The Right would like it because they wouldn't be forced to give charity to subsidize somebody else.
So......why doesn't it happen more???? Who is working against it?

[searchingforlight]

4. We need a structure under which we can organize.

1. Is there an organization already in place that would support this?

Don't know. Anyone else?

2. Do we start a pilot project and expand?

I tend to believe that we pick an area, develop the idea on a small scale and then let it go national with interest-based information seminars.

3. Can we start, or use someone elses home website in which to communicate?

Opinions? Questions?

Let's not just go to page 10, archives and then just disappear.

[cap]

5. not entirely practical...

some of my family built their own house. It worked out well for them.

My father was not great with tools...he would never have made it in this type of group.

Besides, if you have to work 60 hours a week to "put food on your family", it's hard to have the time to do this.

You will get amateur work where you may prefer professional work.

[rusk2003]

6. Not always

Some of my family just moved from their old house a year ago built around 96 sold for $139,500 built big and lots of storgage space but it was cracker jack box. full of termintes house's built after 1993 are thrown up as fast as the can with out thinkng about quailty. I read that most millionairs buy homes built before 1990 or they build their own. I live in a house that was built in 1972 it is a lot more well build than on thats new and in the 100-250 range at least around my comunnity.

If you work 60 hours I guess you could always build it room by room

Someone once told be

yard by yard life is hard inch by inch life is a sintch.

[DavidMS]

7. Another option...

Pre-cast concrete housing.

http://www.concretehomesmagazine.com/monthly/art.php/137

Or cast in place.

http://www.concretehomesmagazine.com/monthly/art.php/253

Also constructing housing shells with minimal internal walls (loft style) will permit a greater degree of customization and reduce initial costs. However privacy will be reduced..