tag:blogger.com,1999:blog-6276436620527782297.post1701886814522928785..comments2023-08-12T07:55:32.551-07:00Comments on Jubilee Year -- Cancel Our Debt: Jubilee Would Not Destroy the EconomyJustinhttp://www.blogger.com/profile/01023125641719686613noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6276436620527782297.post-39358121634500228422009-07-03T05:49:16.852-07:002009-07-03T05:49:16.852-07:00Fantastic idea. Let's all lever up to buy rent...Fantastic idea. Let's all lever up to buy rental property.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276436620527782297.post-12009352810027019602009-06-13T02:33:06.335-07:002009-06-13T02:33:06.335-07:00A year of Jubillee would not exclude people from p...A year of Jubillee would not exclude people from paying 'rent'. Jubillee targets debt created by the lending activity...not common things like paying rent on a month to month basis. Jubillee puts an end to long-term lending and challenges us with a pay-as-you-go society...rather than the credit-based society that we now have which noone seems to be able to manage properly.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6276436620527782297.post-27996776978650433882009-02-24T17:11:00.000-08:002009-02-24T17:11:00.000-08:00I would agree that mortgages should be wiped out, ...I would agree that mortgages should be wiped out, but that would not seem to apply to rent. Otherwise you are redistrubuting wealth and where would that end. Why not redistrubute all business to the rest of us too. I own my house but I owe the bank money. It is easy to see the rule of debt removal in action. If I owned rental property then any mortgages on that should be wiped out which is also easy to see. What would not be as easy is why tennants would not have to continue to pay their current rent. It is not a debt but an obligation for the use of the unit. Just like any other utility.<BR/><BR/>If you eliminate the landlord then how do you cleanly resolve ownership. I would think this would be a mess. What about a hotel owner do his renters end up owning a room? This would also lead to no rentals in the future which is obviously not desired.Anonymousnoreply@blogger.com