7
7
Eliminating mortgage companies from counties and boroughs
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There is an urgent need to rethink mortgage and do
it up differently using best of tried methods such
as crowd funding, and council run banking for
the locals.
It costs very little to set up online banks using
modern technology so councils should take a more
active role in eliminating mortgate companies
from operatng within their jurisdiction.
The council may take £200 to £1000 in rates but
spend all that money for the benefit of the locals.
However the locals are having to dish out £800 to
£2000 or more in mortgages to lenders in far
away cities loafing it all up and providing ZERO benenit
to the locals after having robbed them of so much
cash flow.
It cannot go on.
Councils need to step in, ban mortage companies from
operating in their area, and siphoning off huge
quantities of cash to distant benefactors that
serve no purpose for the locals.
Central government need to ease up on these schemes as well.
Its better for large poor areas because the mortgages
are lent by the council at favourable rates to the locals
who can then have more money in their pockets to regererate
the area. Even better if council with their big budgets
took to building houses. There is very little difference
in the total cost whether you specify a five star hotel type
of building or a 3rd rate soviet style messy construction.
So you may as well spend the little extra and specify
all building be built to 5 star hotel standards,
and they will last at leat 20 years before big mainenance.
It will bring up an area in a stable and sustainable way
compared to any other hair brained alternative schemes,
and schemes as practiced today.
---------------------------------------------------------
There is an urgent need to rethink mortgage and do
it up differently using best of tried methods such
as crowd funding, and council run banking for
the locals.
It costs very little to set up online banks using
modern technology so councils should take a more
active role in eliminating mortgate companies
from operatng within their jurisdiction.
The council may take £200 to £1000 in rates but
spend all that money for the benefit of the locals.
However the locals are having to dish out £800 to
£2000 or more in mortgages to lenders in far
away cities loafing it all up and providing ZERO benenit
to the locals after having robbed them of so much
cash flow.
It cannot go on.
Councils need to step in, ban mortage companies from
operating in their area, and siphoning off huge
quantities of cash to distant benefactors that
serve no purpose for the locals.
Central government need to ease up on these schemes as well.
Its better for large poor areas because the mortgages
are lent by the council at favourable rates to the locals
who can then have more money in their pockets to regererate
the area. Even better if council with their big budgets
took to building houses. There is very little difference
in the total cost whether you specify a five star hotel type
of building or a 3rd rate soviet style messy construction.
So you may as well spend the little extra and specify
all building be built to 5 star hotel standards,
and they will last at leat 20 years before big mainenance.
It will bring up an area in a stable and sustainable way
compared to any other hair brained alternative schemes,
and schemes as practiced today.