Venezuela’s government has some odd ideas about how to stimulate the nation’s housing market.
Consider a new law that forces homeowners to sell their rental units to tenants. As of Monday, anyone who owns three or more properties and has rented a unit for more than 20 years, must sell it at a “fair price” to be determined by the state. Landlords who fail to do so face fines and could lose their homes.
I can’t imagine anything that could possibly go wrong with this amazing idea.