Bluebook Cities

We are solving the housing shortage and low GDP/capita in African countries like Kenya and Nigeria. We are building charter cities, and we will accept payment for rent in the form of an Income Share Agreement. We will be compensated by a % of residents *increase* in income, so we have a financial incentive to invite residents that are currently low income and radically increase their incomes. We plan to increase incomes by partnering with code schools to teach our residents valuable skills that they can monetize via remote work engagements. 

The largest real estate opportunity in much of Africa is the low-income, non-consumers of formal housing. In Kenya, ~6mm live in informal housing (slums), while 36.8% live below the poverty line of $1.90/day. Material costs and construction techniques are not sufficient to profitably develop housing for this population. The cheapest houses for sale are about USD $20k, so the gap between what is for sale and what is in reach of the low income market is considerable. 

For this population to afford formal housing, one of these things needs to happen: (1) there is a fundamental advance in building technology that allows us to reduce the cost of housing by 95%, or (2) their incomes need to increase considerably. There are promising advances in 3D printing tech that may bring the cost of houses below $10k, but they are unproven at scale. There is a proven lever for material income acceleration: ISA-based coding schools, namely Lambda School.

The largest real estate opportunity in much of Africa is the low-income, non-consumers of formal housing. In Kenya, ~6mm live in informal housing (slums), while 36.8% live below the poverty line of $1.90/day. Material costs and construction techniques are not sufficient to profitably develop housing for this population. The cheapest houses for sale are about USD $20k, so the gap between what is for sale and what is in reach of the low income market is considerable. 

We are solving the housing shortage and low GDP/capita in African countries like Kenya and Nigeria. We are building charter cities, and we will accept payment for rent in the form of an Income Share Agreement. We will be compensated by a % of residents *increase* in income, so we have a financial incentive to invite residents that are currently low income and radically increase their incomes. We plan to increase incomes by partnering with code schools to teach our residents valuable skills that they can monetize via remote work engagements.