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Currently listening to Tulsi Gabbard and BJ Penn on Joe Rogan. They are discussing the possibility of the state taking over the land in Lahaina, Maui affected by the wildfires a month ago.

Real estate is considered one of the best ways to store value and protect oneself against inflation. It also provides shelter and a place to call home. The problem with real estate is you don’t own it, this is a prime example. The governing entity owns it. Land is your land until they want it. If the government collapses and society’s order collapses (which has happened many times) who’s to say that is your land. If there’s no protection in place to stop a forceful group from taking over your land, then they can take it.

I hope the people of Lahaina, Maui are able to keep the land they call home.

#realestate #property

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Discussion

Delta Charlie 2y ago

Unfortunately, history will dictate otherwise. Governments can borrow fiat currency, and pay for any land. People that are in a desperate situation, such as a natural disaster, have to be even more vigilant than during good times. It is during these time of stress, that governments exploit human nature and offers "solutions" to people who are fully capable of handling themselves.

If the past is any indicator, the government will overtake the land, and sell the idea of how it will "create jobs" and everything will comply with the ESG initiatives, etc...all the while borrowing more currency to do so, causing more inflation, and sticking people with the ever increasing bill.

#realestate #government