Friday, March 20, 2015

Hedging unemployment into an asset class.

by James de Rin

Dear Frank Underwood,

REF: Crowd funding unemployment into limitless real 
estate ownership!

I recently binged on Netflix’s third season of House
of Card’s and was surprised and amazed to learn of  
your  America Works program. Here in a fictional
Netflix streaming television show produced by the
higher echelon’s of Hollywood  was an idea that in
reality people might actually want, namely full
employment and why not. Every one deserves a 
job and every one wants a job.

Now that crowd funding and crowd sourcing has
grown up and gone legit perhaps it is time to
revisit a simple concept.

If the unemployed are paid weekly by the government
to live could $1 from each of the unemployed be
transferred into a real estate asset class to buy properties
with no debt at auction, at market value, and from
banks for the sole purpose of being remodeled, fixed up,
painted etc by the unemployed and owned by the
unemployed and then rented to the unemployed.

In other words create an ecosystem out of an
existing ecosystem that fixes properties, employs
the unemployed and creates an asset that they own.
Too far fetched for most politicians, but perhaps if
 I could pitch you (Frank Underwood) you could run 
with it. Just imagine $9,200,000 every Friday to 
buy broken properties and with the upside creating a 
fund that the unemployed own and that creates 

Any vested politician running with this idea might attract 
9,200,000 voters right off the bat as they get to own a % of a 
house from the beginning and going forward get to build a 
limitless property portfolio with no debt which compounds with 
value with government assistance and government purpose. 
It turns state aid into a private asset $1 at a time.

Last time I checked there were 9,200,000 unemployed
x $1.00 every Friday = $9,200,000 per week to spend on
real estate! That’s $478,400,000 a year in the US alone to
spend on real estate properties. In February 2015 the
unemployment rate decreased to 5.50 % but….

“If you add the current number of Americans without a job
(9.2 million) to the number of US citizens not in the labor force
(92.02), you come up with 101.22 million working age Americans
Who do not have work, according to data from the US Bureau of Labor

Statistics (BLS)

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