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Venezuela Decrees "All Properties Leased for 20 Years Will Be Sold to Tenants in 60 Days at Governme

- Mish - Global Economic Analysis

The people of Venezuela and other socialist states should pay attention to this.
https://www.youtube.com/watch?v=wkivn_3zn5I

The looters with guns in Venezuela (government) are seizing the property of disarmed victims, who have been vilified in public opinion. Now that it is no longer safe to lease property in Venezuela, who will provide this service in the future? Will the new 'owners' of property maintain it, make it available to others at a reasonable cost? Not likely. Loot is always squandered. If these people could have obtained property on their own, then they would not be seizing it now. Since they could not acquire it honestly, they will not be able to retain and maintain it.

To know who is the parasite, first look to who is being consumed, then see who is consuming them? There is your parasite.
Right now, the property owners are being consumed by 'The People', the government of Venezuela. There is your parasite.

Commented 3663 days ago

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Beginning of the headline :Venezuelan president Nicolas Maduro proves once again the capacity for stupidity is virtually unlimited. Today Maduro mandated that any properties leased for 20 years or longer will be sold to current tenants at government mandated prices, essentially confiscating all long-term rental properties. Via translation from Libre Mercado, please consider Venezuela Expropriates Properties Leased More Than 20 Years. Nicolas Maduro, president of the Republic of Venezuela decreed on Monday that propert... Read More

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