Venezuela needs a revolt like Maduro needs a hole in his head.
Expect a rash of fires in ~50 days. . .
Next, "The Official Language of Venezuela Will Be Swedish."
This is why I don’t own real estate n any foreign countries. Mine today, theirs tomorrow.
Coming to America? That redistribution of wealth is hip man!
They can always buy new profitable property in Detroit!
How short sighted can people be - now everyone who has been in a house for 19 years is going to find their stuff out on the street and people will only do shorter term rentals or if they try to crack down on that no one will have a rental property and everyone will want to sell off - the price of houses will plummet but so will the possibility of getting a rental when you need one. New housing will also drop off as a result meaning the industry will not be hiring - welcome to communist Disneyland!
ACORNeconomics. Just like our Marxist.
The Bolsheviks did this same trick to the peasants, then shortly afterward seized the land from them.
VE HAVE SPOKKEN
So.... Venezuela needs hard currency like Euros.
Euros?
This guy is going to be shot. Insanity!
Why don’t the richest in Venezuela beg/pay Anonymous to take down the government’s internet and utilities, and pay the military a 2 million dollar reward to kill the Manure-o? Maybe a pilot can steal a plane and blow up the presidential palace... Or crash it Kamikaze-style, and have his family get set up with $$$ for life...
Marxists in this country are going to be demanding the same.
Maduro and Soetoro must have attended the same economics class—Marxism for Dummies.
It’s actually a smart move by Maduro. It creates a new class of people who will want to keep him in power, because if he’s removed by a conservative party who is likely to reverse the decree, the renters are out.
“We’re creating... an ownership society in this country, where more Americans than ever will be able to open up their door where they live and say, welcome to my house, welcome to my piece of property.” —President George W. Bush, October 2004
In Hawaii, we have had an expropriation law like this on the books since the Sixties (the “Land Reform Act”). It was upheld by the U.S. Supreme Court, thus effectively leading to the end of the Fifth Amendment protections against condemnation.
Decreeing stuff is fun, when you’re the king. OTOH, he should remember Ceaucesceau.
I wonder if Venezuela is part of those “emerging markets” that the stock hustlers are always talking about.