Half a croissant, on a plate, with a sign in front of it saying '50c'

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Timed Cap Flat
Property for the people
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With the worldwide surge in residential property prices there is a massive pent-up demand for affordable rental accommodation.

The Timed Cap Flat offers a would-be home buyer a fixed period of subsidised rental, on the proviso they put aside a substantial portion of their disposable income towards a cash deposit. At the expiration of the agreed term the buyer will have saved sufficient deposit to purchase their first home.

Penalties apply for the profligate spender, including loss of deposit.


UnaBubba, Dec 24 2003


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       Rather than relying on the renter to put money aside, I would suggest making that part of the rent. No, wait a minute, then that would just be a regular mortgage, no money down. Where's the new idea?   

       (And NYC has plenty of affordable rentals, with artificially low rents for qualified renters.)

DrCurry, Dec 24 2003
  

       pun, play on words, echo.

jonthegeologist, Dec 24 2003
  

       That would simply be a RAPS (Rent Applied Purchase Scheme) deal, [DrCurry], wouldn't it?

UnaBubba, Dec 24 2003
  


 
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