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Venezuela Decrees "All Properties Leased for 20 Years Will Be Sold to Tenants in 60 Days"

Posted on 04/04/2014 4:40:39 PM PDT by Vince Ferrer

Venezuelan president Nicolas Maduro proves once again the capacity for stupidity is virtually unlimited.

Today Maduro mandated that any properties leased for 20 years or longer will be sold to current tenants at government mandated prices, essentially confiscating all long-term rental properties.

Via translation from Libre Mercado, please consider Venezuela Expropriates Properties Leased More Than 20 Years.

Nicolas Maduro, president of the Republic of Venezuela decreed on Monday that properties leased for 20 years, will be sold to their tenants in a maximum period of 60 days. The National Superintendent of Housing says the lease countdown began on March 28.

In the event that the property owners refuse to sell their property, the Superintendent of Housing will impose a fine of 29,000 euros, which must be paid within five days. If the penalty is not paid in 5 days, the fine will more than double to 60,000 euros.

Property owners are totally defenseless, as buyers may propose bargain prices. Nonetheless, owners shall comply with the "fair value of the dwelling" determined by the government via a form which shall provide, among other things, photographs of both the housing and the façade.

Once completed, the owner must wait for the government determined "right price" estimated by the superintendent for housing.


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
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1 posted on 04/04/2014 4:40:39 PM PDT by Vince Ferrer
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To: Vince Ferrer

Venezuela needs a revolt like Maduro needs a hole in his head.


2 posted on 04/04/2014 4:43:02 PM PDT by Bogey78O (We had a good run. Coulda been great still.)
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To: Vince Ferrer

Expect a rash of fires in ~50 days. . .


3 posted on 04/04/2014 4:43:15 PM PDT by Salgak (http://catalogoftehburningstoopid.blogspot.com 100% all-natural snark !)
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To: Vince Ferrer
Venezuela Decrees "All Properties Leased for 20 Years Will Be Sold to Tenants in 60 Days"

Next, "The Official Language of Venezuela Will Be Swedish."

4 posted on 04/04/2014 4:45:15 PM PDT by dfwgator
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To: Vince Ferrer

This is why I don’t own real estate n any foreign countries. Mine today, theirs tomorrow.


5 posted on 04/04/2014 4:45:35 PM PDT by clintonh8r (Don't give up! The liberals are buggering and aborting themselves into extinction.)
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To: Vince Ferrer

Coming to America? That redistribution of wealth is hip man!
They can always buy new profitable property in Detroit!


6 posted on 04/04/2014 4:46:00 PM PDT by DocJhn
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To: Vince Ferrer

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!


7 posted on 04/04/2014 4:46:45 PM PDT by melsec (Once a Jolly Swagman camped by a Billabong.)
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To: Bogey78O


8 posted on 04/04/2014 4:47:18 PM PDT by Vince Ferrer
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To: Vince Ferrer

ACORNeconomics. Just like our Marxist.


9 posted on 04/04/2014 4:48:26 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: clintonh8r

Ah, you should LEASE foreign property, then. Later when the communists seize it from the legitimate owners, it’s yours!


10 posted on 04/04/2014 4:48:27 PM PDT by Alas Babylon!
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To: Vince Ferrer
Today Maduro mandated that any properties leased for 20 years or longer will be sold to current tenants at government mandated prices, essentially confiscating all long-term rental properties.

The Bolsheviks did this same trick to the peasants, then shortly afterward seized the land from them.

11 posted on 04/04/2014 4:48:35 PM PDT by dfwgator
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To: Vince Ferrer

VE HAVE SPOKKEN


12 posted on 04/04/2014 4:48:51 PM PDT by Extremely Extreme Extremist (GO WISCONSIN BADGERS GO!)
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To: Vince Ferrer

So.... Venezuela needs hard currency like Euros.


13 posted on 04/04/2014 4:50:36 PM PDT by Organic Panic
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To: Extremely Extreme Extremist

“Furthermore, all children under 16 years old are now... 16 years old!”


14 posted on 04/04/2014 4:50:39 PM PDT by dfwgator
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To: Bogey78O
You too can live the Venezuelan dream.


15 posted on 04/04/2014 4:51:45 PM PDT by smokingfrog ( sleep with one eye open (<o> ---)
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To: Vince Ferrer

Euros?


16 posted on 04/04/2014 4:52:33 PM PDT by truth_seeker
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To: Vince Ferrer

This guy is going to be shot. Insanity!


17 posted on 04/04/2014 4:53:06 PM PDT by Viennacon
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To: truth_seeker
Euros?

That's what the landowners have to give to the government. He is running out of foreign reserves, even though they used to be an oil exporter. He is desperate for foreign cash.

18 posted on 04/04/2014 4:55:52 PM PDT by Vince Ferrer
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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...


19 posted on 04/04/2014 4:56:20 PM PDT by Captainpaintball
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To: Vince Ferrer

Marxists in this country are going to be demanding the same.


20 posted on 04/04/2014 4:57:18 PM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: smokingfrog
You too can live the Venezuelan dream

How much for a one-room cardboard shanty?

Between you and me I did pretty well this year in my looting and liberating etc.

How much for a one-room cardboard shanty WITH a tree?

21 posted on 04/04/2014 4:58:42 PM PDT by Fightin Whitey
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To: Vince Ferrer

Maduro and Soetoro must have attended the same economics class—Marxism for Dummies.


22 posted on 04/04/2014 4:59:46 PM PDT by SharpRightTurn (White, black, and red all over--America's affirmative action, metrosexual president.)
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To: Vince Ferrer

“That’s what the landowners have to give to the government. He is running out of foreign reserves, even though they used to be an oil exporter. He is desperate for foreign cash. “

I worked for a large energy engineering and construction firm, and we built refineries in Venezuela.

I didn’t go there, but friends of mine did. They said it was an okay place in the 70s and 80s.

Met a 30ish female from Miami a few weeks ago. Actually she is originally from Venezuela, but her whole family got out. They are educated, professionals.

She said it is like Cuba in the 1950s with the educated elites getting out if they can.

She was gorgeous, btw—Spanish, not El Indio. And her Spanish sounded different from the Mex-talk I am used to here in SoCal.


23 posted on 04/04/2014 5:07:06 PM PDT by truth_seeker
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To: Vince Ferrer

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.


24 posted on 04/04/2014 5:07:51 PM PDT by PapaBear3625 (You don't notice it's a police state until the police come for you.)
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To: Viennacon

“This guy is going to be shot.”

No, he’ll just leave Venezuela and move to Connecticut and be elected to the U.S. Senate.


25 posted on 04/04/2014 5:11:37 PM PDT by ought-six ( Multiculturalism is national suicide, and political correctness is the cyanide capsule.)
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To: truth_seeker
I didn't notice it when I read it as a kid but I'm re-reading Edgar Rice Burroughs Venus series and I realized that its an anti communist book. The Wiki description of the "Throrists" is interesting.

The novel contains elements of political satire aimed at communism. The novel's villains, the Thorists, start a revolution in the nation of Vepaja for their own good only, cheating the uneducated masses and killing or driving away those doctors and other highly educated that form the foundation of the society. Throughout the book the Thorists remain distant and unreal, and those few that the hero Carson Napier meets are often stupid or incompetent.
26 posted on 04/04/2014 5:17:18 PM PDT by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: Vince Ferrer

“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


27 posted on 04/04/2014 5:24:21 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: Vince Ferrer

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.


28 posted on 04/04/2014 5:26:33 PM PDT by kaehurowing
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To: dfwgator
"“Furthermore, all children under 16 years old are now... 16 years old!”

In order to ensure proper hygienic habits amongst the proletariat, all comrades will now wear their underwear on the outside of their trousers so that teams of roving government cadres may more easily inspect the underwear and make sure that it's clean and changed everyday.

29 posted on 04/04/2014 5:29:52 PM PDT by StormEye
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To: StormEye

Back when Woody Allen was still funny.


30 posted on 04/04/2014 5:30:59 PM PDT by dfwgator
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To: Vince Ferrer

Decreeing stuff is fun, when you’re the king. OTOH, he should remember Ceaucesceau.


31 posted on 04/04/2014 5:35:21 PM PDT by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7)
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To: Vince Ferrer

I wonder if Venezuela is part of those “emerging markets” that the stock hustlers are always talking about.


32 posted on 04/04/2014 5:38:45 PM PDT by RetiredTexasVet (Unintended Consequences: Expanded Autism Spectrum now includes the entire Obama Administration)
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To: Vince Ferrer

Venezuela would have done better by teaching many of its people to build their own homes—an activity that is effectively illegal in the U.S.A. now for most who are willing to do the actual, hands-on work (regulations, fees, taxes, etc.). Instead, Venezuela continues the push-pull between communism and fascism. That’s what our own nation is sliding toward with leaders not long descended from Europe.


33 posted on 04/04/2014 5:40:07 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: smokingfrog

Or Brazilian, Argentinean, Chilean, etc. dream.


34 posted on 04/04/2014 5:42:37 PM PDT by RetiredTexasVet (Unintended Consequences: Expanded Autism Spectrum now includes the entire Obama Administration)
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To: Vince Ferrer

Our Presidente. He drife a bos.


35 posted on 04/04/2014 5:42:48 PM PDT by The KG9 Kid
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To: Vince Ferrer

The American left would love to do this. Except for their property of course.


36 posted on 04/04/2014 5:55:20 PM PDT by vpintheak (I will not comply!)
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To: Vince Ferrer

This kind of stuff will eventually happen in the United States with all of the immigrants who will get citizenship and demand that the politicians make it happen.


37 posted on 04/04/2014 6:05:10 PM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
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To: Vince Ferrer

Obama should enter an executive order and nationalize all private properties in the USSA. He has a pen and a phone. just do it.


38 posted on 04/04/2014 6:22:01 PM PDT by ncfool (Taking back America 2016.)
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To: clintonh8r
This is why I don’t own real estate n any foreign countries. Mine today, theirs tomorrow.

If limitless immigration and child bearing continues, your property won't be safe here, either.

The courtesy of recognizing private property doesn't always extend across ethnicities and races.

39 posted on 04/04/2014 7:09:51 PM PDT by freerepublicchat
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To: Bogey78O
When they had one we had the FR Lacy Panties Brigade running around wringing their hands in horror that the people wanted to get rid of a corrupt nasty piece of work other then by holding an election where he made the rules and controlled the polls.

Something like they are doing about the Ukraine.

40 posted on 04/04/2014 7:17:17 PM PDT by Harmless Teddy Bear (Proud Infidel, Gun Nut, Religious Fanatic and Freedom Fiend)
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To: Vince Ferrer

Who said that Communism was a failure. Maduro, Correa, Morales, Cerna and Ortega all got elected presidents of their countries in reasonably free elections.

They just play a smarter and dirtier game than we do, and that IS WHY WE ARE LOSING.

Somebody please off Maduro and get the ball rolling for freedom in the Western Hemisphere?

I can’t leave the future to the reds. My grandchild would never forgive me for doing that.


41 posted on 04/04/2014 7:22:47 PM PDT by MadMax, the Grinning Reaper
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To: Vince Ferrer; Kartographer; blam; Marcella; JRandomFreeper; staytrue; Lazamataz; null and void

And once again, Maduro continues Venezuela’s free-fall into the abyss.

Stupid, bus-driving motherf*****.


42 posted on 04/04/2014 7:24:00 PM PDT by Tolerance Sucks Rocks (The PASSING LANE is for PASSING, not DAWDLING)
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To: smokingfrog

To #15: I see Obama’s Kenyan half-brother’s paper shack.

Third from the left of the Blue House. It has a photo on it quoting Pres. Obama as saying “Yes I did”.


43 posted on 04/04/2014 7:24:56 PM PDT by MadMax, the Grinning Reaper
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To: clintonh8r
"This is why I don’t own real estate in any foreign countries. Mine today, theirs tomorrow."

You don't own any property here either. Just don't pay taxes and see who shows up to claim 'your' property.

Peope in Chichago will have their 'rent' (taxes) doubled to pay for the (exorbitant) wage and pension benefits of the DEMOCRAT union and public employees unions.

Not a lot of difference, eh?

44 posted on 04/04/2014 8:02:59 PM PDT by blam
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To: blam
Not really a valid point from a purely legal perspective. Real properties have deeds or other documents showing ownership interest. And property can be taken by other than government entities....for instance, if a property owner loses a civil action and the plaintiff is granted a judgment, he can execute on that judgment and seize real property (except for the homestead in most states).

I have been a proponent of the primary residence (homestead) being 100% exempt from taxes and eminent domain, thereby taking the government out of the picture in terms of seizures of the homestead.

45 posted on 04/04/2014 8:19:44 PM PDT by clintonh8r (Don't give up! The liberals are buggering and aborting themselves into extinction.)
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To: MeneMeneTekelUpharsin
This kind of stuff will eventually happen in the United States with all of the immigrants who will get citizenship and demand that the politicians make it happen

I say that all the time.

46 posted on 04/04/2014 8:24:35 PM PDT by riri (Plannedopolis-look it up. It's how the elites plan for US to live.)
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To: Bogey78O

Is there a reason why Obama can not do this in the USA ?


47 posted on 04/04/2014 8:51:11 PM PDT by staytrue
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To: Oldeconomybuyer

“ACORNeconomics. Just like our Marxist.”

I believe it is called “fundamentally transforming a country”


48 posted on 04/04/2014 8:53:24 PM PDT by staytrue
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To: clintonh8r

“This is why I don’t own real estate n any foreign countries. Mine today, theirs tomorrow.”

What makes you think this is not true in the USA.


49 posted on 04/04/2014 8:57:32 PM PDT by staytrue
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To: Vince Ferrer
Sounds like Obamacare on steroids.
50 posted on 04/04/2014 9:12:59 PM PDT by fortheDeclaration (Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
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