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A World Owned by Banks |vs| Private Home Ownership
by Jonathan G. Browning | 04/08/2024
Imagine a future where the cozy little dream of private home ownership, that corner of the world, your sanctuary, is just that—a dream. In this not-so-distant scenario, financial behemoths, not us, hold the keys to our homes. The idea of private property, a fundamental pillar of individual freedom and prosperity, seems to be on shaky ground.
The substance of the right to private property, the inherent entitlement to some portion of the earth, is deeply woven into human dignity and liberty. It is the soil on which we live, plant our gardens, and build the space of our personal domains. And this foundation is being chiseled, with subtlety, as we speak, not by raw force but by the silent ascent into a new normal where financial institutions and investment leviathans—Blackstone, State Street, BlackRock—become not just lenders but landlords en masse.
Consider John Doe's road to homeownership, a road traveled by millions. In effect, the bank is lending John Doe $300,000 to buy a home by purchasing the property for him. John moves in, hangs up his hat, and starts paying the mortgage, living under the illusion of ownership. But what if this metamorphosis of the living arrangement turns into something completely different? But if such institutions keep ownership in a world turned towards profit-making, will they turn buyers into eternal lessees?
This isn't a far leap when you peel back the layers of current homeownership.
That very costly property is not yours even after you finish making this last payment. Specifically, ownership includes paying property taxes as a yearly tribute to the government, hedges against disasters by insurance policies, and continuing with the maintenance costs. From the look of things, ownership comes with invisible strings
attached. Financial institutions becoming the largest landlords isn't merely possible; it's a plan already in action, quietly unfolding as we do our business. This drama shows the eventual crescendo when a corporate monopoly over residential properties eclipsed individual ownership rights.
It is a world in which the fundamental right of ownership of a piece of the Earth changes to a perpetual lease from faceless entities and has undergone a change—call it a fundamental alteration, even—between man and land. And on this stand is the question at the crossroads: Do we sit back and watch this narrative unravel of its own accord, or do we stand up now in defense of the sanctity of private property rights? The plot may seem set, but the ending is yet to be written.
Will future generations inherit a world in which tenants live under a corporate sky, or can we find a way that safeguards the right of the individual to own truly, belong, and secure a personal stake in the world? But beneath all this, it's not a real estate tale; it's a story of the very nature of freedom and societal contours for our future. The idea of ownership remains a concrete, connective link to the material world and speaks volumes about the liberty and freedom of expression that our individualistic creativity brings. As we navigate this shift, our choices will shape the legacy of property rights for generations to come.
Author Information:
Jonathan G. Browning
Chief Strategy Officer
Hornet Corporation
111 Imperial Blvd
Hendersonville, TN 37075
About Hornet Corporation
Hornet Corporation is a pioneering oil and gas exploration force, focusing its efforts within the Appalachian Basin across Tennessee and Kentucky. By structuring private placement investments for accredited investors through Regulation D offerings, Hornet showcases its commitment to innovation and strategic investment in the energy sector. Affiliated with the Tennessee Oil & Gas Association (TOGA) and the Kentucky Oil & Gas Association (KOGA), Hornet Corporation exemplifies leadership and expertise in pursuing sustainable and profitable energy solutions.
Marketing & Media Information:
Unblurred Media, LLC
Kristen Kukta | Owner
Nashville, Tennessee