Catch up on stories from the past week (and beyond) at the Slashdot story archive


Forgot your password?
The Almighty Buck

Submission + - Pay the builder every time you sell your house ( 5

innocent_white_lamb writes: "You don't pay your builder every time you sell your house" comes up in almost every discussion of intellectual property, royalties and the like.

New houses are now being sold with a condition that you must pay the builder 1% of the purchase price every time the house is sold over the next 99 years.

This discussion was created for logged-in users only, but now has been archived. No new comments can be posted.

Pay the builder every time you sell your house

Comments Filter:
  • Next step: Builder collects fees for breathing air in house. Mortgage companies collect fee for managing collection of air fee. Builder allowed to sue for uncollected fees in the event of homeowner death and subsequent non-breathing.
  • Are builders taking cues from artists and media companies now?

  • This seems like plan seems like something that Wylie E. Coyote got from good old ACME....and yes it would fail....Like most of Wylie's plans. This has to be one of the dumbest ideas yet, how many people do you think would acyually go to a bulider that uses this plan, I would guarantee any builder that instituted this plan would see their sales plummet. How would they convince a potential client to go and build with them when they know that they will have this stigma attached to their house, who in the world
  • From TFA:

    The company's plan is to monetize that future income -- essentially allowing developers to get paid now rather than later. To do that, Freehold would bundle together the estimated income from the future fees and sell that package to investors. It claims this new "asset" would be worth about 5% of the original home prices.

    One company that is working with Freehold is Thieman Enterprises, a developer based in Ohio. "I think it's a fantastic program," said owner Ted Thieman. "I can get my development going again."

    He said he needs the upfront cash to fund the building of infrastructure -- roads, sewers and other essentials.

    This has less to do with intellectual property issues, and more to do with some lame justification for gouging consumers for more money. But didn't developers used to build infrastructure for decades without doing this? What's new now? I wouldn't be surprised if the same fine financial minds behind subprime mortgages and other horrible "innovations" were behind this...

"No, no, I don't mind being called the smartest man in the world. I just wish it wasn't this one." -- Adrian Veidt/Ozymandias, WATCHMEN