Tuesday, January 27, 2015

Graying America, Health-Care Overhaul Boosts Medical Properties

http://www.nasdaq.com/article/graying-america-healthcare-overhaul-boosts-medical-properties-20150127-00875

"The incredible facts are these:
1. In construction a whopping 75% of prices are related to costs for capital. Meaning that if we buy a new $100,000 home, $75,000 is lost to banks and other financiers.
2. When we buy the house with a mortgage, we will not only pay $100,000 for the house, but an additional $150,000 in interest over 30 years.

3. So we pay a total of $250,000 for a house that actually costs no more than $25,000 to build."

 https://realcurrencies.wordpress.com/2012/04/16/usury-why-we-dont-build-cathedrals-these-days/

 ???????

Or did religious orders borrow the money from money lenders to build cathedrals?or donations from the congregation, etc.? or the archbishops?

"When Pope Innocent III notified the archbishop and cathedral canons of Rouen (after internal quarreling in 1198) that each would have to allocate equally a part of their income to restore the cathedral, this regulation became generally valid. The law was first entered in the so-called Compilatio IV of Johannes Teutonicus in AD 1216, and then in the Liber Extra of Pope Gregory IX in 1234."

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