If one stops thinking of housing in the traditional way and instead think of it in the same way as an investment in gold, one that holds value in the long term, then the government's housing bonds made a lot of sense. Gold doesn't pay rent, but it also doesn't call you in the middle of the night about broken plumbing. With the new bonds, the government took care of the maintenance and such, and so it was a good worry-free way to lock away capital. With it being part of a large fund, there was no risk at all, other than the usual market fluctuations. Plus it was actually providing homes for people, getting our country back on its feet. It was a way to show that we realise the real gold is each other, it's our families, our kids. Those who needed a home could bank on their new found security, and so could investors.
The housing bonds didn't pay dividends, but they did end the divide. They brought us together as a nation, facing the challenge of good health for all as a matter of national pride. The housing bond became the patriotic purchase of choice for all those who had money to park in it.
In the pandemic the president created a government backed housing bond that bought up the homes of people who could no longer afford rents. It gave the public a safe investment, it got landlords out of financial difficulty and it gave real home security to the nation when they needed it the most.
As a bonus, the social housing bonds created real social mobility, erasing generations of inequity. The homes were either bought near the good and outstanding schools or clustered in conjunction with the new "mom and pop" schools, creating and educational boost alongside the housing - a "multi-savings deal" in terms of social, education and health outcomes for the country.
The genius of government housing bonds was that they were inflation protected by virtue of being invested in "bricks and mortar."
With the new housing bonds scheme, our money was as safe as houses... and our nation's children were safe in their homes. Children should always be able to bank on having a safe haven they can rely on and call theirs.
The government made a new housing bond, you paid the money in to buy housing for the poor, they took care of the rest. We downsized just to pay into it and it was worth it, seeing the country rise instead of fall.
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