Quote:
Originally Posted by Wayne 962
As I mentioned in the previous post, real estate is good, but ultimately has it's limitations. In communist countries, all the real estate was taken away overnight. Without courts and laws to protect landowners, that system will break down.
-Wayne
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All excellent points.
As far as real estate, people don’t think in the US it would never be seized.
But as an owner of multiple commercial and residential apartments, it already has been.
When you pass laws barring landlords from enforcing their contracts, laws that allow a d encourage tenants to not pay rent, and take away the landlord’s right to evict (for a year, or even longer), you’ve essentially seized the property.
As far as the past, it’s been done many times before. Dr. Zhibago is a classic example. He comes back from the war after the Russian Revolution (socialist “people’s revolution”) to find the local housing commission” has determined that his house is too big for just his family, so 15 more are now living in his house.
But hey, it’s “just,” he still “owns” the house!