Quote:
Originally Posted by McLovin
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!
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Yup, that can happen. Likely? Eh, probably not. Will all of these "tenant friendly" policies (not laws) stick after the pandemic? I would hope not. But I would not be surprised if some of the progressives tried to make it so. Theoretically, it probably / shouldn't pass the "takings clause" of Amendment V of the Constitution - but as you know, that is a living document that is constantly changing.
-Wayne