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<p>[QUOTE="Mr. Flute, post: 4828229, member: 33154"]I agree with this assessment of the market as a whole. </p><p><br /></p><p>I'm a 20 veteran management level City Planner with a Masters, I can tell you, with certainty, that the vast majority of the urbanized areas of the US are safe from local government "confiscation", provided (and this is the important part) one's property is compliant with the local zoning, property maintenance and health codes, etc.</p><p><br /></p><p>Trust me, the code enforcement staff at your local municipality would be happy to leave you alone if you play by the rules.</p><p><br /></p><p>As for Zimbabwe, Venezuela, etc, those are not direct analogs to the US. Look over the modern (post 1900) history of real estate in the US and assume that you're going to be just fine.</p><p><br /></p><p>Lastly, the modern real estate market(s) in the US only really have 'value' (reliable, predictable) because of government regulation and enforcement.</p><p><br /></p><p>Real estate investment and management is hard work (as others have said), but that's why many, many individuals have made trillions of dollars in profits from it.[/QUOTE]</p><p><br /></p>
[QUOTE="Mr. Flute, post: 4828229, member: 33154"]I agree with this assessment of the market as a whole. I'm a 20 veteran management level City Planner with a Masters, I can tell you, with certainty, that the vast majority of the urbanized areas of the US are safe from local government "confiscation", provided (and this is the important part) one's property is compliant with the local zoning, property maintenance and health codes, etc. Trust me, the code enforcement staff at your local municipality would be happy to leave you alone if you play by the rules. As for Zimbabwe, Venezuela, etc, those are not direct analogs to the US. Look over the modern (post 1900) history of real estate in the US and assume that you're going to be just fine. Lastly, the modern real estate market(s) in the US only really have 'value' (reliable, predictable) because of government regulation and enforcement. Real estate investment and management is hard work (as others have said), but that's why many, many individuals have made trillions of dollars in profits from it.[/QUOTE]
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