What happens when the dollar is worthless though, and people have mortgages? They can’t pay them off, because the dollar will be worthless. So do they have their homes stripped from them since they can’t pay??
This, along with red lining and eminent domain, is why it's always silly to me when people try to claim that current China is not capitalist, and they bring up land ownership as a point.
Raising direct land ownership vs renting from the government as a distinction implies that one can truly own land in America. I mean, just look at the Dust Bowl. It may be less likely that your land will be taken away from you than in China, but it is never a zero percent possibility. If it's Been Decided that a new highway overpass will be built straight through your living room, well, that's what's going to happen. Yes, there will be multiple sparsely attended community meetings where "your voice will be heard", but you're still losing your land regardless.
And of course this is to say nothing of all that land that Constitutionally, cannot belong to the US and cannot be legally governed (due to Article 6), yet is daily.
In all likelihood, if it's taken it'll be Dust Bowl-esque funny money shenanigans over straight up eminent domain ("market" vs "government"), but homeowners need to know both are always possible.
I truly hope nothing like that happens and you can build a base for future generations to grow from.
What happens when the dollar is worthless though, and people have mortgages? They can’t pay them off, because the dollar will be worthless. So do they have their homes stripped from them since they can’t pay??
This, along with red lining and eminent domain, is why it's always silly to me when people try to claim that current China is not capitalist, and they bring up land ownership as a point.
Raising direct land ownership vs renting from the government as a distinction implies that one can truly own land in America. I mean, just look at the Dust Bowl. It may be less likely that your land will be taken away from you than in China, but it is never a zero percent possibility. If it's Been Decided that a new highway overpass will be built straight through your living room, well, that's what's going to happen. Yes, there will be multiple sparsely attended community meetings where "your voice will be heard", but you're still losing your land regardless.
And of course this is to say nothing of all that land that Constitutionally, cannot belong to the US and cannot be legally governed (due to Article 6), yet is daily.
Yeah…I mean, I just bought my house last year. Worked so hard for it. I can’t have it taken away from me.
Well I can but you know, that’s kind of what i’m trying to avoid
In all likelihood, if it's taken it'll be Dust Bowl-esque funny money shenanigans over straight up eminent domain ("market" vs "government"), but homeowners need to know both are always possible.
I truly hope nothing like that happens and you can build a base for future generations to grow from.