That's fine of course, just additional thoughts. If you think you can achieve #1 without the others, by all means, is it then not a better option to do than spending over a decade investing in simple bandaids and hoping someone else solves this issue? Or that the big $ coming in from China/Japan/Russia/etc actually improves the QOL for everyone... and not just the logistics system that brings them more natural resources? I sincerely doubt we'll see another Rwanda in even 5 other countries in Africa in the next 5 years, but maybe 10.
I think solving real estate will solve the long-term welfare problem, which will improve education and bring to light the rest of effective altruism's movements.
This needs to be discussed much more, because it could be solved quite easily, and have an exponential affect on the rest of society.
I think it's kind of ridiculous, goes back to the emotional aspect of philanthropy in people will donate to something that makes them feel good instead of doing the biggest bang with their buck. Like Anand talks about..
Donating to distributing drugs in Africa is one such thing. You could impact invest in an application that sends people in Africa a reminder to take a TB shot, and save millions of lives... but Prevention is exponentially better. Stop donating money sending americans on trips to africa for 'aid', just build better homes and in...
The problem with rent to own is the downpayment, and the locked in contract. Today's society simply doesn't allow the second to occur due to how often people switch jobs, remote working, etc, and too many scams have dissuaded people from doing the first.
The reason why the whole debate of is renting better than buying a home, is more so because of the added interest than the maintenance. Yes back in the day it was probably more of a fair trade, and of course I remember what happened back in 2008 (whole city blocks in Arizona were boarded up)..but...
I'm not talking about the landlord/property owner, I'm speaking for the side of the renter... the people at the bottom of the pyramid... 36% of people 'throw money away' renting someone else's apartment/home.
I'm talking reforming this thought process where we are taking money from people, instead of making money together. Not "for profit", but "with profit". Share the wealth in a non-socialist way
I'm not promoting either rent control or building new housing complexes.
I'm promoting a new type of community, a new type of banking, an option for landlords to create a win-win situation. Don't need to build new buildings, just purchase them, like WeWork, consumers still have the option of just taking their own mortgage, or just to rent, but in reality, there is no reason 'just to rent' with digital technologies available.
Foundations & impact investors can purchase apartment buildings, and still make money renting out the prop...
IJ in developing countries where they're needed the most probably have a full time job doing something else, and probably don't make more than $4k/year. In first world countries, sure, go for $50k/avg.
Obviously when you focus on something you can bring down the price, but attacking corruption at such a big scale does bring up the cost. IJ aren't enough. Lawyers are needed, but they're all pro bono because they know this work needs to be done.
We're talking billions of people affected. Yes the numbers can be completely different becaus... (read more)