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> Why is the government obligated to protect your investment? They are not. But they want people to invest, and people will not invest if they have no ability
by luckylion 6y ago
> Why is the government obligated to protect your investment?
They are not. But they want people to invest, and people will not invest if they have no ability to predict the future circumstances. That's why governments try to create long-term systems and aren't running on mood swings.
Nobody will invest anywhere if all the parameters are up for redefinition every day. "Oh, you built your factory based on proximity to the high way and train line? Well guess what, those are lame, and we've decided to remove both because we want to be cool. We are not obligated to protect your investment."
- greenonions 6y agoThey will invest, they will just price in the risk. The same as any other asset. We don't discourage this behavior in other areas, so again, why do we protect house assets? This is especially striking with homelessness being such a massive issue. Why would we protect and inflate housing investments when so many are perishing on the street?
- analog31 6y agoMaking private housing investment less stable won't make public housing more stable.
- greenonions 6y agoPublic housing was not mentioned. Making private housing more elastic will certainly reduce the amount who do not have an option that they can afford and that is legal.
- luckylion 6y ago> We don't discourage this behavior in other areas, so again, why do we protect house assets? We don't? Pretty much anything the state is involved is specifically designed to be long-term. We absolutely don't want volatile systems, we want stability.