The sad reality is that as localities refuse to enforce property rights, prospective buyers will look elsewhere knowing that their purchase is not safe. Same with crime and same with business regulation. Kevin O'Leary thinks NY state is essentially unsafe to do business in anymore in light of some recent court rulings. I don't disagree.
Maybe when these insane localities have no businesses and no residents, which translates to no tax base, they will change their tune. I'm not holding my breath.
|