From their job or the same place they get money to pay a traditional mortgage?
Let’s say the borrowed amount is $250,000, so you owe $500,000. That’s a 1,400 monthly payment. So 7 people get paid each month, or 84 a year. By the end of the period you have paid out all 2,500 lenders.
(I am using $100 and $200 repayment and $250k to make the math easier and more round. Oddly it is close to current interest rates)
Fascinating. Is there a term I can search to learn more?
Interesting! Did everyone have their mortgage paid off or do lenders accept that kind of insurance? Who manages the funds?
So the idea is its a cross between charity and gambling, who gets paid when is the gambling. It’s a feature.
Also, I don’t think your math is taking into account the $200. You borrow $100 and pay back $200, the interest is baked into the repayment amount. It’s a gamble, the people paid in year 1 get hella interest. The people paid back in year 26 basically break even on inflation and people paid back in year 30 lose money.
But I am fascinated to know what procedural hurdles one would face trying to set something like this up.
Well one of the other 2,500 people might, so it’s there to give the legal protections they need to recoup their investment. But I agree, a majority of people wouldn’t see it as an investment. I would have no problem giving dozens of acquaintances $100 if I knew for sure it would lead to them getting a house.
I did a quick skim of that website and it seems to be marketed towards the opposite side of the equation, the investors.
My idea is more about the mortgage and using crowd sourcing in social circles. The way I have structured the “investment” in my scheme is purposefully done to reduce lender animosity by making the payout more of a gamble, than a traditional investment.
I have been toying with ideas to even further tweak the model to increase investment. For example giving slightly better odds on repayment to investors that have used the platform/process to procure their own mortgage.
I think you mitigate that by the related party knowing that repayment could be 30 years later. Its more like buying a low pot raffle ticket then a regular loan.
Maybe animals know that, and that’s why livestock are so docile about their situation.
I mean game theory kind of dictates that to achieve a system of anarchy you would need to assassinate a lot of powerful actors. Although that seems to be polling high right now.
And progressive taxes
Considering they are intentionally targeting civilians right now, like those 165 girls hit with a cruise missile that have FPV I am not entirely sure if that’s even true.
Alternatively the administration is just really dumb and that’s why nothing makes sense. Occam’s Razor and all that.
It doesn’t make sense though, they claim we have had air supremacy since like day 2. Why does the US need expensive missiles if they have air supremacy? Just drop dumb bombs wherever you want, we supposedly have like close to infinite bombs.
Does the US really have air supremacy? Were those planes that went down really from friendly fire and accidents?
Not a movie, but I pirated the Tomacco Simpsons episode onto a CD. DVD players couldn’t actually play it, but it played the audio in a CD player just fine. I would listen to it when I fell asleep. I was on odd kid.
Almost every real world case of weed being laced was from an end user doing it on purpose or it was a simple contamination error.
Adrian Tchaikovsky has some sci-fi books that make use of this idea.
They will waive that if they have to, plus RFK wants to get rid of those along with SSRIs.
Its nearly impossible nowadays to create a novel invention and not get it effectively stolen by a big company that already pulled up the ladders. Ask anyone selling on Amazon.
Capitalism and actuarial science. Their models likely show that you are still young enough for them to keep you fat for a few years while the cost of GLP1s go down.
This is amazing… Now I wish I had a 3D printer. Maybe I can find a friend to make the case parts for me.