A housing fund with the warm fuzzies
ANALYSIS: Simplicity’s new Homes & Income Fund is laudable in housing affordability goals and vague on potential returns for investors.
This is a fund whose social goals are hard to fault, particularly in light of what’s been achieved by Simplicity so far.
There are at least two ways to get the warm fuzzies. One is to drink piña coladas in a spa pool. Another is to invest your money in social enterprise.
The first is generally easier to do than the second, mainly because hot tubs outnumber social enterprises 100 to one (that’s a fuzzy stat by the
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