Residential Mortgage Debt Interest Jubilee

Extend 0% interest loans to residential home owners who live in the residence, and have been in their homes and have kept up with obligations for a period of at least 3 years. The home owner would simply refinance into the 0% loan, with the original debt being repaid as with any refi.

In the US today, we see the newly forming family being outbid by the Blackrock and State Street’s, then being forced to rent or pay through the nose. If we allow a primary residence to be refinanced at 0% interest after a suitable period of time, this reduces home prices for single home owners. Blackrock and State Street have access to far lower rates than the average American individual. Let’s balance this out.

A modern jubilee for ALL debts is crucial in addressing the profound injustices and inequities faced by people worldwide. Here’s why:

  1. Economic Justice:

Debt forgiveness would offer a reset for individuals and nations burdened by exploitative financial systems, allowing people to break free from cycles of poverty and inequality.

  1. Restoration from Historical Wrongs:

A jubilee could serve as a reckoning for past injustices—such as slavery, colonization, and genocide—offering marginalized communities an opportunity for healing and restitution.

  1. Breaking Cycles of Inequality:

Debt is a tool of control, and by canceling it, we can disrupt cycles that trap individuals in poverty, enabling broader economic equity and opportunity.

  1. Community Solidarity:

A jubilee fosters mutual care, encouraging shared responsibility for one another’s well-being, and building more cooperative, sustainable economies.

  1. Environmental Stewardship:

By shifting focus from exploitation to sustainability, a jubilee could help address environmental crises, promoting long-term care for both people and the planet.

  1. Moral and Spiritual Renewal:

It’s a call to return to values of justice, compassion, and human dignity, reflecting a collective commitment to fairness and respect for all.

  1. Global Solidarity:

In a world facing interconnected crises, a jubilee would signal international unity, emphasizing shared responsibility and collective action for the common good.

In conclusion, a modern jubilee isn’t just an economic or political tool; it’s a vision for a radically transformed world. It would provide a framework for healing historical wounds, restoring dignity to marginalized communities, breaking the cycles of exploitation and poverty, and ensuring that future generations inherit a world rooted in equity and sustainability. By releasing debts, we don’t just reset economic systems—we affirm a collective commitment to justice, solidarity, and the shared future of all people and the planet. In a time marked by global crises, a jubilee represents a powerful, unifying call to reshape our world into one where compassion, equity, and mutual care take precedence over profit and division.

2 Likes

Absolutely right on point! Young people today have the cards stacked complete against them in trying to crest a life, a home, and a family.
The quality of life in America has sufferered greatly in numerous ways because of it.
We must start giving young people incentives, if for no other reason than they are the future of our country. If we ruin their chances of building better, more financially stable lives, then we also ruin the future of America.
Huge Mega corporations do not need any more incentives than they already have. Giving more incentives to the top, causes the bottom to fall out and all to collapse.