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[fase2000tdi]

Please read this.  I think it's worth a shot, and being in the spotlight it's might just take off.

It's people like Ron that have allowed people to move here that may have not payed up yet, but most will in the future.

Okay, but we're libertarians, right? We don't want to see Ron lose his house, but at the same time we want to see people given a chance and have somewhere to land when they first get here.  Why is no one looking for a free market solution?

There is a demand for Free Staters in NH.  However, many are young or have lost jobs, leaving them no better off at home.. so they move.  Ron has a mortage, and needs actual MONEY. Not IOU's, etc.  If Ron can afford the losses of a certain amount of rent or people not paying up, that is his choice to make. In fact, all the choices are his to make, including making 14 people homeless.  But, responsible choices would dictate that he has some set way of receiving money.  

Other Free Staters want new movers, right?  So it takes a certain amount of money to have a roof over your head.  Other free staters can individually sponsor with a loan, or groups of free staters can with loans that are on paper with the person being "loaned" the money.  So if Ryan moves from Texas, Ryan approaches me and asks that I pay for his rent for 2 months.  I ask for my requirements, and my incentive is new free staters and an expectation of some level of interest on the loan.  If it's $1000, maybe I want $1025, because part of my interest IS having a new mover!  I take that $1000 and give it to Ron. I have a signed contract, and Ron doesn't end up short $1000.  Some people may throw red flags, so they'll have a higher rate.  Those who abuse may not even receive loans, and inturn be turned away from the FSP where they will cause damage to productive members.  We could even put a copy of the contract in a section of a BBS, no god damned special fucking reputation website needed.

Sponsors will be dissuaded from trying to charge "usery" like rates, as it may increase the default rate.  There will be a profit motive, (or a "don't lose $____" motive) to lend to people in circumstances where it can be reasonable to expect to be paid back.  The money will go directly from sponsor to the the property owner / manager, etc.  There can be all sorts of requirement and reasons for the loans, but it can be public so everyone knows who owes what to who.  As it is a private matter, even drug tests could be asked by the lender, as lending to a heroin junkie or methhead isn't something most of us would do with our own money.

We cannot just take people at face value for "being" libertarian.  It is only a label, as easy as being a "priest" and molesting little boys.  We cannot trust someone for the label they bestow upon themselves.  For those of you who cheer on Ron, shame on you.  You are encouraging wreckless behavior and breach of contract, in something that could largely have been avoided.  To those of you who lost money, wisen up.  If you support Ron's cause, then you should be willing to do more than just give him a positive word. Do something that actually helps and prevents Ron, or another person from losing their house, or having such high defaults it raises the rent for others.   Be willing to put YOUR money out there, or in combination with others so that you can get your money back.  Let it be public so when these FSP members are seen drinking a beer at Murphies and they owe $1000 to your friend, you can call them on it.  Social ostracism doesn't have to be an after-the-fact sort of thing.  It can be used to discourage bad, or irresponsible behavior.

I propose section on both NHunderground and the FSP forums be created. I will be glad to post PDF's of basic legal documents for loaning between persons, though some help would be appreciated with that.  It can have two sections, questions / discussion  and a special section ONLY for loans, starting with the beginning (preferable with scans of loan papers) and ending with them being paid back, etc.  This just requires some board admin does a few clicks, and it really is worth a shot.  I pledge to lend $100 to the first Free Stater who moves and needs a roof over their head, so long as requirements are met.


You want a free market? Act it.

[djbridgeland]

It sounds like a good idea. I'm curious though what would prevent someone from up and running and not repaying the loan.  I would think asking a for some sort of collateral - whether it be one's car, some silver something of value to the borrower would be a good way to prevent defaults.   

[Russell Kanning]

just start a thread on the topic and find the interest
I like the idea

[Kat Kanning]

I like Jeremy's database idea 

[fase2000tdi]

It sounds like a good idea. I'm curious though what would prevent someone from up and running and not repaying the loan.  I would think asking a for some sort of collateral - whether it be one's car, some silver something of value to the borrower would be a good way to prevent defaults.   

I agree. I myself would probably collect some sort of collateral, though it depends on the person.  It's up to the lender.

In any loan, someone can just up and run.  This allows a certain level of containment towards irresponsible thieves from taking over $4100 from other FSP members.

[J’raxis 270145]

I like Jeremy's database idea 

Thanks. Not my idea, though—it was something Ron, AncapAgency, Alec, and Daniel R. came up with. I and a few other people have become interested after dealing with our own deadbeats.