Jacque
9 Aug 2006, 01:37 AM
The ever since I became fascinated--if not infatuated--with the ideas of Henry George, land has always played a central role in my economic thought. To deny the right to live, work, and play is to deny the right to land, the most inhumane form of property next to human beings.
So the idea of Land Trusts playing an economic as well as a role in conservation gave me hope for the near future, that market speculation, profit without work, has end in sight for such a vital commodity as land. With real estate booms and busts, and the housing bubble, it's so cyclical it's inane and no benefit to society.
It seems that families across America are only real losers in this game. The last to buy high after the speculators have moved in and the last to sell low after the sharks have moved on. And for American families who move, on average, every 2 years, they don't need to be object of their employer's portfolio, whose movements they bet on like rats moving through a maze. And those who stay put don't need to priced out of the open space around them or saddled with financing a loan nearing that of their life's earnings. :sigh:
So what do you guys think of Land Trusts? Good or bad?
So the idea of Land Trusts playing an economic as well as a role in conservation gave me hope for the near future, that market speculation, profit without work, has end in sight for such a vital commodity as land. With real estate booms and busts, and the housing bubble, it's so cyclical it's inane and no benefit to society.
It seems that families across America are only real losers in this game. The last to buy high after the speculators have moved in and the last to sell low after the sharks have moved on. And for American families who move, on average, every 2 years, they don't need to be object of their employer's portfolio, whose movements they bet on like rats moving through a maze. And those who stay put don't need to priced out of the open space around them or saddled with financing a loan nearing that of their life's earnings. :sigh:
So what do you guys think of Land Trusts? Good or bad?