Quote:
Originally Posted by LivinLOS
Dangerous comments..
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Started to write something picking this apart. Not worth the effort as I will never understand the line of thinking.
As we were discussing before, I would not want to be on the development side.
Alot of people holding a house could be SOL if they are not in a legit project. If you have a custom house on your own plot, this could be tough to sort out. I think their idea of restructuring is give your house to a Thai down the street and then lease it back.
The government needs to setup an agency that will act as the leaseholder and then also extend the term of lease. Give people a way to sort out the mess, feel secure, and comply with the law. Not just pull the carpet out.
I think you are right, this could really screw with the secondary/resale market.