Is Jubilee Right for Me?
Jubilee isn’t for everyone, but for many its a great way to get into the house they want, for much less cash.
If this sounds like you, then Jubilee may be a great fit:
- I want to live in a specific neighborhood or part of town because of the schools, location, and amenities
- I need more house -- more bedrooms, living space, larger kitchen, and/or higher end home appliances
- I can afford a fairly large monthly payment, but I’d rather not put a ton of my savings or sacrifice liquidity on a large down payment
- I am more interested in giving my family a great home and environment now, I'm less interested in waiting to save up and own by myself
If this sounds like you, Jubilee may not be ideal:
- I don’t need help with a large downpayment, I have plenty of money to put down a sizable downpayment and pay the mortgage
- I don’t want to miss out on any appreciation of the property, I want to get the full value on the house and land together when I decide to sell
- I don’t mind having my money tied up in real estate, I’d rather hold onto a property asset for 5-10 years and then sell (or hold on to it for even longer!)
How Jubilee Makes Money
We collect monthly rent on the property land lease
Jubilee gets a monthly fee (based on the value of the land). We also adjust the rent to keep up with inflation (since we partner for up to 99 years). This money allows us to keep the lights on and offer Jubilee to more people.
We get our share of the appreciation when the property sells
Jubilee gets paid if you decide to buy the land from us, or if you want to sell the whole property, which enables us to pay back our investors
How Much Will Jubilee Cost Me
The total cost of the Jubilee program depends on future home prices and inflation.
- If inflation and home prices don’t go up much, then we may be less expensive than a traditional mortgage
- If inflation and home prices go up a lot, then we might be more expensive than a traditional mortgage (but at a time when you also generated a higher return)
Ultimately, it depends on your financial situation and the home in question.
The terms of our program can vary based on certain customer and property attributes. Your dedicated Jubilee Advisor will provide more information once you’ve been pre-qualified.
Who We Work With
To power Jubilee’s land lease program, we partner with larger institutional investors who are looking for super safe, super boring investments over really long periods of time.
For example, take an Employee Pension Fund. They are responsible for making sure their retirees get their pension check not just today, but 50 years from now too. To make sure they have enough money 50 years from now, they make investments that are safe and very long term in nature. Investing in long-term home ownership is a perfect match.
The Result: Homebuyers get access to flexible, long-term home ownership. Investors get a stable, standard, long-term investment that helps them meet their own needs decades from now.
