INDIANAPOLIS: The well-established shared equity housing system in the U.K. is about to be embraced all around the world.
Legislation is currently being written to allow for partial and temporary home ownership.
In a partial ownership system, a person purchases a portion of a property (say, 25%) with a down payment and mortgage, and then buys more shares as he can afford to, eventually getting to full ownership. He pays rent to the seller on the part he does not yet own…