Quote Originally Posted by Irving View Post
Raw land isn't an investment unless you can sell it for more than you purchased it for. If the gov. wants your land, they'll just take it. They won't bother trying to tax people out of the game. They already do that with the death tax.

EDIT: And yes, just raise the rent to cover the taxes. If people can't afford it, they'll move out and people who can will move in.
Irving, I think you and I are just thinking about different circumstances.

I'm envisioning a catastrophic financial meltdown, where everyone is hurting, unemployment skyrockets, and the dollar tanks severely. If all the worthless cash people have must be used to buy bread, Real Estate values will tank also, because few will have the money to buy it at pre crisis values. The potential market for your Real Estate product will fade away, and with that so will the price you can command for it.