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I'd like to just see a return to homesteading period. If a property goes unused / unoccupied for a year, anyone can move in. No more land squatting to drive up
by zanny 11y ago
I'd like to just see a return to homesteading period. If a property goes unused / unoccupied for a year, anyone can move in. No more land squatting to drive up real estate prices and use it as a store of wealth.
Yes, this kills real estate as a long term investment. No, that is a good thing, we should collectively much rather see capital invested in the stock market rather than being thrown into precious metals or property as a store of value.
- refurb 11y agoHomesteading is giving unclaimed land new residents. What you're talking about is squatter's rights.
- zanny 11y agoExcept I'm not - there already exist squatters rights to occupy someones elses property and eventually claim it their own if they can avoid detection long enough. All that takes is the minimum effort to police the property you own to insure nobody is squatting. What I'm saying is that unconditionally whether or not someone is illegally occupying your property you only have a fixed amount of time to make use of it before it effectively becomes unclaimed land again.
- infinite8s 11y agoNo developed country supports anything remotely like squatter's rights.
- Symbiote 11y agoTry the UK: https://www.gov.uk/squatting-law/squatters-rights-to-property https://www.gov.uk/squatting-law/squatters-rights-to-propert... I suspect several other European countries have similar rights.
- infinite8s 11y agoFrom that site: "Land Registry will decide if your application is valid and will let the property owner know. The owner has 65 days to object - your application will usually be automatically rejected if they do." So basically you'll only get to stay if the property is effectively abandoned.
- goldbrick 11y agoWhich is what squatting is...
- goldbrick 11y agoIncorrect. https://en.wikipedia.org/wiki/Adverse_possession https://en.wikipedia.org/wiki/Adverse_possession
- frandroid 11y agohttps://en.wikipedia.org/wiki/Squatting https://en.wikipedia.org/wiki/Squatting
- sliverstorm 11y agoMy recollection of squatter's rights is that the owner has to know you are there, and do nothing for <X> years. If you are hiding, you can't lay claim.
- Zach_the_Lizard 11y agoAdverse possession is one mechanism to seize property from absentee owners that is already on the books.
- rhino369 11y agoThat takes forever and if you try it you can get arrested for trespass.