alt Hacker NewsLand ownership is theft. Why should people have a right in perpetuity to the land that we all share?
Replies
FunHearing3443 • yesterday at 4:11 PM
We may live in the same country or planet but that does not mean we inherently have any share of the land.
marcusverus • yesterday at 6:36 PM
Motte: We all share the land!
Bailey: The state owns all land!
In the UK, a leaseholders get screwed if they forget to renew their lease before the 80 year mark.
The cost to develop the land needs to justify the development. If I spent $500k to build a house on the land, I would like to be able to use that house for as long as the house exists (or I sell it to re-coop the investment).
Many people are really bad at saving properly, but they will pay their mortgage. Landownership enables at least some old people to have a cushion in retirement.