2. How does it fit with Compass’ core beliefs of equality, solidarity, democracy, freedom, sustainability and well being?
Home is where your life, your stability and your relationships are. The economy works by dividing people into smaller and smaller competing, consuming nuclear units, each fearing its neighbours. This produced the house price boom, spiralling debt and general anomie. Co-ownership cures all these, and rebuilds a sense of neighbourhood.
3. How does it build the institutions of social democracy, like social groups and collective and cooperative forms of ownership and control?
It rebuilds the original building society ideal, with people pooling income and resources to provide homes. Shared responsibility and mutual caring strengthen society, and proves that, together, ordinary people can achieve amazing things they would be incapable of alone.
4. How much will it cost or raise and where will any cost come from?
By co-operating, no outside funding is needed, though others will contribute money and land when inspired by what is being done. (Two supporters have already offered us houses and land at well below market price.) Otheres have invested nearly £200,000.
5. Which groups in the electorate are likely to support or oppose this measure? Is there any polling evidence you have on this?
Ordinary people priced out of homes will see the sense. Solitary home-owners will fear it because it shows how false and destructive their drives are.
6. Is there a place or country where it’s worked? Please provide some information.
The USA has 200 Community Land Trusts that have renovated rumn-down urban areas, introducing low-income familiar to ohme ownership and involving them in running the project. All these CLTs between them have only had two re-possessions in the current financial crisis. The idea was pioneered by Ebenezder Howard in Letchworth Garden City, and is now being reproduced in several places all over the UK. Examples: Windsor Terrace houisng Society (Brisotl), Stonesfield Community Trust (Oxfordshire), Cornwall Community Housing Association, High Bickington CLT (North Devon) and many others.
7. What are the three main arguments in favour/against it?
It stops housing being trafficked as a commodity; it gives people autonomy and capability; and it reasserts our nature as a social species.
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tobylloyd
Tony - great to see you contributing to this. Your proposal is far clearer, pithier and more inspiring than my recent one on a similar theme - creating a mixed economy in housing supply.
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The speculation in the land and not the buildings is what is driving up the real-estate prices and making homes unaffordable to the poorer parts of our community. This speculation will be reduced by the introduction of this proposal, but it will not apply to land-lords who have undeveloped or industrial sites and whose speculation is driving up production costs due to the high rents being charged on those sites that are in use.
Althought the principle here is sound it is not very effective for the kinds of speculation described above. Better to tax all land values and have done with it!

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March 13th, 2009 at 7:07 pm
Tony - great to see you contributing to this. Your proposal is far clearer, pithier and more inspiring than my recent one on a similar theme - creating a mixed economy in housing supply.
March 31st, 2009 at 4:02 pm
The speculation in the land and not the buildings is what is driving up the real-estate prices and making homes unaffordable to the poorer parts of our community. This speculation will be reduced by the introduction of this proposal, but it will not apply to land-lords who have undeveloped or industrial sites and whose speculation is driving up production costs due to the high rents being charged on those sites that are in use.
Althought the principle here is sound it is not very effective for the kinds of speculation described above. Better to tax all land values and have done with it!