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<p>[QUOTE="medoraman, post: 2243706, member: 26302"]If the government tried to take farmland you would simply have 80% of the population rise up at once. Land rights for most of SE Asia are secure, (Vietnam and China being exceptions due to the "Communist Party"), though the rich usually get better access to government owned land. Land, along with gold, is about the only asset most people trust. As such, land is horribly overpriced versus rents. We might yield half of 1% return from our land versus its price. Since most do not trust the stock and bond markets there, (I don't blame them really, they are horribly manipulated like US stocks in the 1870's), the only place they are comfortable putting money is in land or gold, maybe their business. This, coupled with high savings rates, lead to a lot more assets than you may believe.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 2243706, member: 26302"]If the government tried to take farmland you would simply have 80% of the population rise up at once. Land rights for most of SE Asia are secure, (Vietnam and China being exceptions due to the "Communist Party"), though the rich usually get better access to government owned land. Land, along with gold, is about the only asset most people trust. As such, land is horribly overpriced versus rents. We might yield half of 1% return from our land versus its price. Since most do not trust the stock and bond markets there, (I don't blame them really, they are horribly manipulated like US stocks in the 1870's), the only place they are comfortable putting money is in land or gold, maybe their business. This, coupled with high savings rates, lead to a lot more assets than you may believe.[/QUOTE]
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