(106) Affordable housing via community land trusts

They say trust is the most important single thing in any economy, more than precious metals, cash, land, technology …anything really.  A trust also can be an actual financial mechanism and here we see a nice example from the US and Britain.  Community land trusts offer a tool for keeping people in neighbourhoods they are attached to but cannot afford due to wild price increases.  The idea is to keep balance in urban areas where working people would like to stay but cannot afford, or even find, appropriate homes especially when they are ready to have a family.  CLTs work, it seems, by detaching property from price speculation by individuals.  What a wildly fantastical notion!  The idea that a house is a thing you own and represents your relationship to a place as if you cared about it for some reason other than the fantastic amount of dollars or pounds you think you might pocket down the road.  Surely this kind of thing will grow and help us keep cities balanced places.  We wish this would catch on in Canada!  If this intrigues you read on…

A revolution in affordable housing Guardian