Eco cities nondominium

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Presentation on 21st C approach to co-ownership and the Resolution Trade. Exchange of Care for Property use

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Eco cities nondominium

  1. 1. Fostering Mutualisation of Goods & Services with Economic and Legal Frameworks Eco Cities Conference - SF5 Chris Cook Nantes 26th September 2013
  2. 2. “21st Century problems cannot be solved with 20th Century solutions”
  3. 3. Introduction - Resilience Resilience - the enduring power of a body or bodies for transformation, renewal and recovery through the flux of interactions and flow of events Resource Resilience – Natural Grid Financial Resilience – Open Capital
  4. 4. Financial Resilience – Open Capital Prepay – credit returnable in payment for value Protocols – Contrats de Société/social agreements
  5. 5. Prepay Tax
  6. 6. Tax Prepay Tax Prepay – credit returnable in payment of taxes Tax Return – 'stock' part of tally stick returned to Treasury Rate of Return - rate over time at which stock is returnable for cancellation eg Prepay £8 for £10 tax - £2 profit 25% pa rate of return - not fixed - depends on existence & quantity of flow
  7. 7. Capital Partnership Custodian (Community) Custodian (Community) InvestorInvestor UserUser Prepay % ManagerManager Value
  8. 8. Capital Partnership An agreement or Protocol: not an Organisation A consensually negotiated framework agreement for self organisation to an agreed common purpose Does not own anything; employ anyone; borrow anything; or contract with anyone A Co-operative of Co-operatives or Partnership of Partnerships
  9. 9. Land Partnership Custodian (Community) Custodian (Community) InvestorInvestor OccupierOccupier Rental Prepay % % ManagerManager Rental
  10. 10. Land Prepay – the Value Proposition Community - sells rentals forward and locks in price - interest-free loan until prepay unit returned vs rental Occupier - prepays rental and locks in price
  11. 11. Land Prepay – the Value Proposition Investor - direct 'inflation hedge' investment in land - Occupiers buy prepay credits from Investors at best price below issue price & return against rental Manager - shares in gross rentals or production - interests aligned with Investor - no 'Principal/Agency' problem
  12. 12. Land Partnership - Outcomes Contrat de Société - relationship-based not transaction- based - costs transformed to revenue shares Neutral – removes ego and politics Collaborative - stakeholder interests aligned Sustainable - shared interest in minimising cost over time
  13. 13. 21st Century Problem Retiring Generation -'long' of Property and 'short' of Care for themselves and their property - poor returns on deposits (loans to banks) Working Generation – burdened with bank property debt Young Generation – long of Care but short of Property
  14. 14. 21st Century Resolution Retiring Generation - exchange rental credits for care - invests directly 'Peer to Asset' in rental credits Working Generation – direct investment in rental credits replaces bank property debt Young Generation – care exchanged for rental credits
  15. 15. 21st Century problems cannot be solved with 20th century solutions.........
  16. 16. …....21st century solutions pre-date modern finance

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