I mean, yes. Real Estate is about the only perpetual bond still available to buy. Current owners stand to lose their entire investment (in the land portion, at least, but also in the improvements because they can’t be separated and bankrupt is bankrupt). Those who hope to invest in real-estate lose their dream, which is a surprisingly powerful factor in public sentiment.
The key seems to be (like other communist nationalizations) painting ALL landowners as the bad guys. Or trying to convince people that “only the big guys” will be impacted, but that’s so transparently a lie that it probably doesn’t fly anymore.
I mean, yes. Real Estate is about the only perpetual bond still available to buy. Current owners stand to lose their entire investment (in the land portion, at least, but also in the improvements because they can’t be separated and bankrupt is bankrupt). Those who hope to invest in real-estate lose their dream, which is a surprisingly powerful factor in public sentiment.
The key seems to be (like other communist nationalizations) painting ALL landowners as the bad guys. Or trying to convince people that “only the big guys” will be impacted, but that’s so transparently a lie that it probably doesn’t fly anymore.