Reducing Rentals

Mission statement: Reducing Rentals everywhere by at least 75% on after taking first 23 steps as mentioned below and have one flat rental plan across the country in next 3 years. Rentals and interest-based earnings - do not help anyone. Hoarding excess property is not a crime - it will help others to get low-cost accommodation.

Root-causes Reduction in interest rates is increasing inflation and helping the rich and impacting the poor people. High taxation is also helping again the rich people, indirectly. People are becoming more greedy to hoard more wealth and are investing in land and properties to get big returns. High rentals - give undue advantage to rich people to gain market leadership. Middle to lower class people lack purchasing power and the disparity of income is very high. By paying high rentals common people do not get good quality education, healthcare, food, clothing, and shelter. Even if the person earns 30k INR per month, ~30% of it goes into rentals and interest/loan payments. In India, around 80% of families do not earn more than 30k per month. People who earn more than 30k are also not able to afford homes, due to unstable income and lack of savings.

'''Everyone knows that the person who has got rental income has got excess property and is impacting society at large. If we collect the data of people who are earning from rentals or apply the Pareto principle, it will be around ~20% of the population, which is impacting the 80%'''

Uolutions to reduce rentals (1) Encourage people to buy online using people's democratic commerce platforms which will provide more value to sellers and buyers as well. Excess profits will help in providing affordable education. It will also provide more employment opportunities for managing supply chain management and reduce traffic congestion on roads along with saving time and effort of people. (2) High taxes in City and big towns of a population more than 50 lakhs and no taxes in villages and towns, this will automatically make people to move to small villages and towns. (3) Spread out all the government and major headquarters of all institutions in the most backward villages of the country. Private entities will also follow it to show their patriotism(not fake) and sustain their business with lower costs in smaller towns. (4) Heads of all the government and elite institutions will be required to operate from the smallest villages, as a mandatory guideline and law. Every place will be the capital of the country or globe in the future for promoting all-round development. (5) People who are co-operating with lower rentals with proofs will have lower taxes and will get better facilities, to make up for the losses to some extent. (6) Lower interest loans of ~2% to 3% and upper cap on maximum land/property holdings will ensure that people do not misutilize lower interest rates to hoard more property. (7) Laws to reduce 25% interest on all existing fixed deposits and reduction of repo rates by 50% (8) Promote work from homes to reduce office space in cities. This saves office costs, travel time and provides work/life balance. (9) Market the cost of property rentals in the products when compared to buying on footpaths or on online stores. Example: A shirt in the showroom will cost 1000 and the same shirt on the footpath will cost 500. This will automatically make consumers to buy from smaller or distant shops were rentals are lesser. (10) Minimum salaries act which will make people to pay at least 15k per month for any kind of service. As everyone will be required to pay, the focus will be on reducing rentals to sustain in the market. (11) Model nano cities with more features and amenities than bigger cities/towns. Create entertainment, fun, tourism, parks, hotels, hospitals, good schools...etc entities and all other amenities/infra in-between smaller villages on an entrepreneurial model. This will attract people to stay in smaller villages when compared to cities. (12) More value in smaller homes - create innovative furniture and systems which maximize space utilization. The benefits of living in smaller homes without lesser taxes and higher massive property taxes for bigger homes will automatically lead to the creation of smaller homes. (13) Promoting the construction of g+4 storied buildings even in the remotest villages. Bringing new advanced technologies which save more than 50% time and money in construction. (14) Promote zero plus wireless ecological homes, which will provide more value to people and help people to move in smaller villages with more advantages and savings in fuel, electricity, AC, travel and cooking costs. New homes will offer more facilities, automations and services which are missing in cities today. (15) Promote agriculture with square feet based earning (a trademark of UolWE) to maximise the output and give more value to the farmers. Promote agricultural entrepreneurs. (16) Promote Conversion of all the offices/malls/Institutes in cities into houses and sell it off at attractive interest rates. (17) Make buying and selling of properties very easy similar to daily groceries or vegetables. Reduction in rentals by 75% will automatically lead to a reduction of property rates by around 50%. (18) Saving at every earning concept, to ensure that people can save to buy properties in near distant future (a trademark of UolWE) (19) People moving into smaller villages will have health benefits and will be able to live in a pollution-free and calmer environment. Saving of healthcare costs and enjoying the luxury of nature will be priceless. (20) No need to have four-wheelers or personnel transportation by providing enhanced public utility transportation and on-demand efficient aao(आओ)- a end to end transportation model(a trademark of UolWE). This will eliminate the cost of buying vehicles and promote more employment opportunities. (21) Eliminate income tax for everyone and plan to eliminate all other taxes in the short term as early as possible. (22) Mandatory open green spaces between buildings to give a taste of living in lap of nature. Showcasing the financial benefits of planting more trees. (23) Promoting more regional and cultural activities which were missed in bigger towns and cities - feeling connected with eachother and enjoying life like never before. (24) Finally, digitizing all the properties and create a robust platform for rental payments, buying and selling of properties. Rental act and severe penalties for non-complying with it. The benefits are exponentially and some of the few are as under (0) Reduce disparity of income and encourage people to work for earning. (1) Just reducing rentals will infuse the purchasing power of more than 60lakh crores every year in India (2) This will help the government also to save huge money for paying interest(reduction of 25% interest) to the public on loans and fasten the repayment of public debt. (3) This will help people to pay minimum salaries and encourage supply chain management to create more employment opportunities. (4) Promote new startups and help create 10 million new products/service offerings. (5) This will promote investments in infra by more than 200 lakh crores on an enterprise model (6) This will indirectly help in clearing all the debts of the government in the long term. (7) This will exponentially increase employment opportunties (8) This will devalue other foreign currencies and revalue Indian rupee. The US developers earn a little over $109,000 every year. In India, the average salary of developers is little over $38,000. The global salary for developers is $54,491, with developers in the US and Europe earning considerably more. Same purchasing power across all the countries will slowly bring down the currency exchange gap and eliminate the variation in pay across countries. This will benefit MNC's as well. (9) Automatically build pressure to eliminate taxes in the near future and make the government to think about earning its own revenue with the new setup. (10) Creation of new efficient and world-class PSU companies (11) Provide more funds for families for better education and this will lead to a reduction in population (12) Reduce the need for infra projects and build/invest in infra basis enterprise model (13) Attract FDI, improve exports and outsourcing projects from international markets at a very big rate. (14) This will result in the global collapse of the real estate market in the world and reduce the disparity of income. People will not think of hoarding more property in future. (15) It will promote ecological blance and help more greenery everywhere or to say will increase forest cover.

FAQ
'''It will have huge impact on the rich people and may upset them in a very big way. It may also cause losses to some people, who had strategically invested in properties?''' When everyone is suffering losses, it will have no impact on anyone. Imagine, earthquake or cyclone also causes a big impact and no one complains. Similarly, everyone will accept it as a natural act. People who had huge or excess wealth will automatically start selling and sharing their property with others.

When there are no buyers, property rates may collapse to a very huge extent? Yes, collapsing property rates will help in redistributing the wealth properly in society. When everyone is suffering, the impact in fall of property prices will not be felt. It will be like deflation, in real estate segement.

What will happen in Mumbai/Delhi or other metropolitan cities, where rental income is very high and the standard of living also is very high. Property rates will fall and it will help the common man to get most of the services which they were not able to get. Purchasing power will increase and this will benefit 80% of the population and will not impact the rest of the 20% as well. It will be like a shock, which will get digested in few days and become a new normal. Stock markets had the worst crash during covid and Indian stocks wiped out ₹3.3 trillion in march 2020. This exercise will improve the stock markets - as it will help businesses to grow.

This will be risky for any government to venture into such strong policies which have never been tried anywhere in the world? Yes, it looks impossible in a country like india to think that something like this will be possible. However, strong decisions have to be taken and this is will be a smaller impact than a currency ban and this will eliminate the hidden black money in India.

This may spurt of violence along with law and order issues in the country? When all the measures are taken simultaneously. It will automatically bring down the rental values and moreover in the Covid pandemic - people will be able to understand it more easily. If the govt has got talented people, it will be the easiest exercise and biggest as well.

What will happen if the govt does not promote the reduction of rentals? Common people will suffer. The small and micro-business will get impacted because of a lack of purchasing power. Printing additional money will increase inflation and devalue the Indian currency. The GDP growth rate will turn to negative and will take several years to gain the momentum back. If we do not utilize covid as a silver lining, it will be a missed opportunity.

'''The rich can be encouraged to spend as well, instead of reducing the rentals? this will be easily accepted?''' Greediness is something that will not leave anyone till death. A rich and wealthy person cannot leave their original instincts by themselves. The human brain will have several excuses and will always look to hoard more wealth and will strive to get more selfish pleasures. All of these can be controlled with Natural-looking acts. If rich people in the country had good thoughts, we would have been a transformed country by now. We see so many wealthy people bluffing people by doing philanthropy also. We have seen how politicians and wealthy people misuse their powers and thinking they will improve is a big risk. If we ask even a beggar to imagine having 1 crore worth of property and if we hypothetically ask him to spend for the welfare of society. We will also not get a totally positive response from their heart. When a person who has got free wealth cannot think, how can a person who has earned his wealth would like to spend on others.

Wouldn't this be foul play with people who have earned their wealth with right means? Hoarding excess wealth beyond requirements is actually fool's work. They neither enjoy and actually suffer from excess property. Good purchasing power will give more happiness to everyone and they should be proud that they are part of some good work.

What is the guarantee that this will bring transformation All the govts have to take all the steps properly and hence, we have kept the rental act as the last 24th step. This law should be passed after the first 23 have been executed or started. Once the 23 steps have been taken, it will automatically reduce the rentals and law will be a formality to ensure that in the future, people do not hoard excess wealth than required.

How much time do you think it should take to pass the rental act? If the leaders are really dynamic - All the plans and execution should start within 15 days. We have to learn something from china on the speed of execution. From Ugadi, new year 2021 - we can officially see the law being passed and enacted. This will be similar to the currency ban, where people were provided to deposit old currency. Here, also regularisation and checking of all the property records will happen durig this period.

Do you think Indian government is really mature enough to manage it perfectly like an MNC? It can set an example and show the achievements - where there is a will, there is a way. This will only be a part of the bigger solution. We need to assess the quality of people in various government sectors and if there is a huge sense of urgency - the ultimate transformation can happen or else it will be elusive. The think tank of the government is the best decision-maker and we may not want to comment on it. Even if the government has got 10% skilled and patriotic people who are not running after wealth - it should be sufficient to create that huge momentum of transformation.

Finally, why only rental? After interest-based earning, rental earning makes the person more greedy, lazy, and evil. This will automatically bring down the possession of a number of properties and if it does not also - it is also good. Everything/everyone will get benefited.

 All these restructurings will set an example in the world, how a country can fight with natural calamities by staying united.