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

- Mish - Global Economic Analysis

So the Venezuelan president and his family of cohorts must hold some long term leases on some property? That is one of the most unreal decrees that I have ever heard of.

Commented 3842 days ago

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Beginning of the headline :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 propert... Read More

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