With so much inactivity in the Gotchiverce due to a mix of causes, it has become a ghost town (pun intended). We have an overwhelming amount of land that is not being used and the value is dropping. We have some owners with too much land and others that my not be in a financial position to fully fund building installations on their own. I am proposing that we again look at the ability to rent land parcels with yield splits. I am under the belief that this would stimulate the economy and bring value back to landownership.
- By giving landowners the ability to have a yield on otherwise idle assets
- Gives small landowners the option of help with the financial burden of building installations
- An excellent way for guilds or other organization to pool resources in a noncustodial fashion
- Gives landowners a more granule tool when channelings are done on their altars.
Some of the major drawback i foresee in implementing this are:
- Would there be away for a landowner to get back idle land once it has been rented? I would think probably not since everything is by smart contract. So independent landowners would probably only go with a shorter reasonable term but that leads to the next concern.
- As a possible land renter, why would I devote capitol into a parcel knowing that it would eventually go back to the owner? I really believe that this is more of a use case/nuanced answer and depends on your level of risk. You could be a guild with a few humbles and/or reasonables that you would like to lease to a few high performing scholars. I envision this as a path for many renters to one day own land themselves.
- At the end of the lease, will the renter be able to “burn” any installations that they built? That is another hard call. I would like for it to be a yes but if the land that is being leased already has some on them before they are rented, its really unfair to the renter. Best case scenario is yes with nothing on the land before renting.
I really would like everyone’s thoughts on this and ways we could make it better for both parties.