Hi all,
Just want to get some views on this from today's news (MX in Melbourne):
A radical plan to allow home buyers and their financial institution to share home ownership is being considered by the Federal Government.
Under the scheme, people would buy a share in a house through a mortgage rather than taking on the entire risk and cost of home of home ownership.
The remining share would be owned by the bank or financial institution.
When the property is sold, the home buyer and the bank would share in the profit or loss, effectively allowing families to hedge their exposure to any volatility in the real estate market.
The scheme also aims to bridge the gap between renting and buying, reduce up-front deposits and boost disposable income.
The plan is to be detailed in a report at the Liberal Party's national convention in Adelaide this week.
Cheers
Charliey
Just want to get some views on this from today's news (MX in Melbourne):
A radical plan to allow home buyers and their financial institution to share home ownership is being considered by the Federal Government.
Under the scheme, people would buy a share in a house through a mortgage rather than taking on the entire risk and cost of home of home ownership.
The remining share would be owned by the bank or financial institution.
When the property is sold, the home buyer and the bank would share in the profit or loss, effectively allowing families to hedge their exposure to any volatility in the real estate market.
The scheme also aims to bridge the gap between renting and buying, reduce up-front deposits and boost disposable income.
The plan is to be detailed in a report at the Liberal Party's national convention in Adelaide this week.
Cheers
Charliey