Reply #3: It is beyond ridiculous that 'investment property' is thought to come with [View All]

[havocmom]

a guarantee of profit. Where in the Constitution is there the guarantee of profit on investment? Too often, land speculators buy a tract and then assume the entity involved with zoning changes has to roll over and play dead on their obligations to the entire community and grant whatever zone changes are requested. Failure to change the rules are treated as "takings". It is total BS. Investments are speculation and that means NO guarantees.

Land speculators want to hang onto property, at low tax rates, until they find it good to build homes. Those homes add a burden on the infrastructure which means everyone else in the area ends up paying for speculators' profit. A family on a small farm sends how many kids to school? Flushes the toilet into a system how many times a day? Puts how many cars on the roads? When the farm turns into high density housing tracts, what is the change in burden for the whole community? Why should some be guaranteed a profit by being allowed to shift that sort of burden onto others? Where is it written that speculation HAS TO pay off each and every time?

Or is it only people putting $ away into corporate pension plans who take any risks on their investments?