The second slide is about how we are related to the earth and to real estate in terms of the history of freehold, leasehold and other ‘layers’ of ownership. How real estate has passed from belonging
to ‘the gods’ (dios), coming down to become the responsibility and even possession of human beings, but only so that they can work out of their individuality, their I (yo). Property rights have this underlying purpose: to enable an individual human
being to take hold of the earth so that he can use it in service to his fellow men.
We all need to own if we are to play our part in the human story. But we must beware becoming caught by the
earth, by ownership, by possession (orange arc below). We must avoid becoming possessed by the thing we possess. Understanding this enables is to rethink direct ownership of land (brown), leasehold use of land – for example to build a building (light orange), and licensed use of such buildings (yellow, green and red). This in turn will enable us to fine-tune the financing of real estate and the projects
that use it.
It will also give new meaning to 'speculation' (mirroring). For example, by using 'fictitious' real estate values to collateralise investment in future projects.