Permanent Home Markets — Transcript

Kevin Cox
5 min readMar 17, 2024

The following is an edited transcript of the YouTube — Permanent Home Markets.

Humans need a place to call home. Housing markets are investment or capital markets where people make money. We need home markets, not housing markets, to overcome the housing affordability crisis. Permanent home markets are markets for a home, not ways to make money. They make homes affordable without dropping prices and provide high returns to investors by removing unnecessary overheads while satisfying customers’ needs. Permanent home markets remove most of the cost of loans, insurance and real estate by giving buyers and investors control of their home markets.

Comparing housing and home markets

In a housing market, a person chooses a house. Then, they buy the house with money they borrow from the bank. Proof of ownership is a title. Third parties control the markets.

In a permanent home market, the proof of ownership is share certificates. That means the person can buy the home incrementally, one share at a time, and buyers and investors control the markets.

The housing market has three stages. A permanent home market has one stage. And that’s much more efficient than the housing market.

Let’s see how it works in more detail. The steps to buy a home in the real estate market are:

  1. A person selects a home and goes to the bank to get financing. There are costs associated with mortgage insurance and setting up a loan.
  2. They choose the house in the real estate market to match their money and needs. The cost of choosing the house is the real estate cost, which is about 5 to 10% of the actual cost of the house.
  3. They then buy the house in total and repay the bank, and in repaying the bank, they pay back more interest and insurance. And that is about the same cost as the cost of the loan.

In contrast, the steps to buy a home in a permanent market are that the person envisages the home they need. They ask the permanent markets for a home that suits them and that they can afford, and the market tells them which ones they have available to choose. The markets allocate the available houses according to “need” rather than price.

The costs associated with this is close to zero.

Operation of a Permanent Home Market

In a permanent home market, houses come onto the market when they have no occupier. The homes are put into the market well before they’re unoccupied and ready to be sold.

A person who owns a home goes to an existing home market and asks for their home to be put onto the market. They may be a landlord or a homeowner. The person chooses the market that will accept it, sells the house to the market, and in return, gets shares in the house of the value of the House. If there is a mortgage, the market takes over the mortgage. The occupier remains in the house and pays 25% of the disposable income to the market to repay the mortgage and give a return on investment to investors.

If the occupier wants to sell the house, they stop occupying it and keep their shares. The market finds a new occupier who pays 25% of their income to occupy the home and buy it. 50% of the payments become equity.


Investors in a permanent home market don’t occupy a house in any permanent market. They receive a 12% inflation-adjusted flexible annuity for 20 years on their investment. Investors take the annuity monthly, and can always purchase more shares. Investors own share certificates but have no rights to any particular home.

In contrast, investors in Australian superannuation annuities receive a 10% inflation-adjusted annuity for 10 years on their investment.

An investment in a permanent home market is at least twice as good as investors in Australian superannuation annuities.

Why is that? The difference comes because superannuation funds buy and sell in financial markets and pay unnecessary costs. Superannuation funds will find permanent home markets, which are very attractive investments, particularly for those whose members are at the annuity stage of their investments.

Owner Occupiers

Owner occupiers are special. Owner-occupiers pay 25% of their disposable income to the market while they occupy their home. If they do not own all the shares in the home, then 50% of the payments become equity. The remaining 50% gives a return on investment and pays to operate the permanent home market. When the person owns 100% of the shares in their house, 100% of their payments become an investment.

The owner-occupier can sell shares even if they don’t own all the shares in the home. So, let’s assume they need money to improve their house (like installing solar panels). They can sell some of the shares that they’ve accumulated to make the house better.

They can also sell their shares for other purposes. For example, they can sell the shares to pay their rent if they lose their income. The wealth in houses is available, releasing capital now held in overpriced houses. For economists, the acceleration of capital movement makes permanent home markets efficient compared to regular real estate markets.

Join, start, or provide a service to a permanent home market.

To join or help start a permanent home market, click on a link to the following forms below. Fill out the form, and you will be put in touch with a local community and a bank owned by depositors and borrowers to join or establish a permanent home market.

The capital to fund the markets is the houses themselves, and the banks provide the entry into the financial system. The forms are for:

You will receive information on possible permanent home markets to join or help create.



Kevin Cox

Kevin works on empowering individuals within local communities to rid the economy of unearned income.