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Charter Houses (2022)

slimemoldtimemold.com

11–20 of 48 posts

Re: Charter Houses (2022)

#11

You want rules, trust me you want rules. I have lived in something really close to this situation – seven furries, one four-bedroom house in Seattle’s suburbs, one person with a high-paying IT job – and it fell apart. And a big part of why this fell apart is because we never even talked about things like “maybe we should set up a chore rota”. This also sounds a lot like “fraternities” and “sororities”, which certainl…

What if the 6 others also had high paying it jobs. Outsource all non essential tasks ala taskrabbit? Money sounds like the issue here.

Re: Charter Houses (2022)

#12
> Charter houses could solve this problem neatly. A charter house or two could easily be set up with positions offered to people who are filling these roles, providing them with a minimum of support — at the very least, free rent and free high-speed internet. These people are professionals, so this may not be enough for them — but there’s no reason they can’t get support from the charter house and make additional money in other ways. They can supplement that support by consulting, getting a real job, being a bounty hunter, etc.

Maybe I'm missing something here, but I'm not sold on why this charter house arrangement is better (for either side involved) than just... paying people a salary.

Certainly it's easier to do regular payroll than to buy a huge house and be its landlord (really leaning into the "lord" part) and manage its residents' food + housing + transportation + healthcare needs. Most of that can be purchased with plain old money, and employers can offer insurance to employees without having to be their landlord too.

And then on the residents' side... it's bad enough now that I'll have to get a new health insurance policy if I quit my job, but if I had to find a new roof over my head, too? The power dynamic here doesn't sound great.

Like, in the context of "we want to fund a handful of random open-source contributors": if you have the funds to do this charter house thing, why not just open an LLC and use it to directly pay the people you're trying to support? Why does a literal house need to be involved?

Re: Charter Houses (2022)

#14
Yes, 10% per year return “for free” by just investing it all into the SP500; except the rate of inflation makes that negative, and you’ve also got to reinvest any return to see this “10%”.

The real rate, not the imaginary rate of inflation.

Re: Charter Houses (2022)

#15
I generally love this idea but, historically, the risk with people building private communities that they're in charge of is that they may or may not turn out to be abusive tyrants and you can't do much about it and probably the abusive tyranny will come out thirty years later with a lot of "I told you so"s.

c.f. cults, "dude ranches", "wilderness therapy", foster homes, asylums, etc; the list goes on quite a ways. All in principle good ideas and in practice... probably... sometimes good and sometimes really awful.

It is hard to differentiate "a nice compassionate living situation" from "a mechanism for abusers to build tiny empires" without a lot of regulation and transparency.

Re: Charter Houses (2022)

#17

> Charter houses could solve this problem neatly. A charter house or two could easily be set up with positions offered to people who are filling these roles, providing them with a minimum of support — at the very least, free rent and free high-speed internet. These people are professionals, so this may not be enough for them — but there’s no reason they can’t get support from the charter house and make additional mon…

I had a friend try this in upstate New York. The result? One ruined friendship and an alienated family member. The property was sold and no one ever talks about it. Leaning to the “lord” part is precisely right and the eventual “peasant revolt” is ugly.

The eventual plan was kinda cool. Offer a vacation destination as a digital detox zone for the Digital Nomad set. They knew a number of people in that space they could have marketed to. I think if they avoided the weird living/working arrangement it would have been fine.

Re: Charter Houses (2022)

#19
post #4

Cool general idea, some of the specifics around $$ numbers are a bit... off > Big investments generate quite a lot of money — you can draw off about 4% of an investment every year without depleting the principal, because you get back that much or more in interest. That is not at all what the 4% rule they linked is talking about. The 4% rule means, roughly, from the original source, "95% of the time you won't complete…

[deleted]

Re: Charter Houses (2022)

#20
One thing OP seems to gloss over is that there is a strong correlation between places where people want to live in, property prices, and rent prices.

In other words, the places where people pay 1k for renting a room are not usually the ones where a 7 bedroom house sells for cheap.

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