Emperiorjack
Don Juan
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Buy land on the moon *is it real?*
- Thread starter Emperiorjack
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Bible_Belt
Master Don Juan
http://curious.astro.cornell.edu/question.php?number=259
any certificate you buy which claims that you own part of the Moon is not legally binding and should only be considered a novelty item.
http://www.space.com/businesstechnology/business/moon_sale_000915.html
John Pike, a space policy analyst at the Federation of American Scientists:
"The bottom line is, he cant own property on the moon unless hes got a government to back him up. No one is claiming sovereignty rights on the moon. And if any government did, Id be very skeptical that any other government would recognize that claim."
"The notion that some guy in California has printed up deeds to the moon and sold them to citizens will have no legal standing whatsoever."
any certificate you buy which claims that you own part of the Moon is not legally binding and should only be considered a novelty item.
http://www.space.com/businesstechnology/business/moon_sale_000915.html
John Pike, a space policy analyst at the Federation of American Scientists:
"The bottom line is, he cant own property on the moon unless hes got a government to back him up. No one is claiming sovereignty rights on the moon. And if any government did, Id be very skeptical that any other government would recognize that claim."
"The notion that some guy in California has printed up deeds to the moon and sold them to citizens will have no legal standing whatsoever."
Emperiorjack
Don Juan
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cool thanks
Bible_Belt
Master Don Juan
I almost admire the entrepreneurial spirit of the moon-sellers.
There is a worthwhile lesson here in regard to real estate investment, believe it or not, and that is that ownership of land is only at the permission of the government. Our property law comes from the old English system of land grants from the king. You could only own what the king gave you. Today, property law is still controlled by this principle. You can only own land for which you pay the taxes, and even then if they are building a highway and want your property, then that is just a bad day for you.
If you buy land in another country, your title is only as good as the willingness of the government in power at the moment to eject trespassers and honor your land deed. We take government stability for granted in the US, but as soon as you invest in a lesser-developed country, it becomes very important. A coup d'etat is not that uncommon in some countries, and if the new government decides to nationalize all property owned by foreigners, then too bad for the foreign investors. Even absent a coup, sometimes the government still screws foreigners. It has happened to some older people in California who bought beachfront property in mexico for what seemed like a great price. Then the mexican government refused to honor the land sales and the investors lost their money.
There is a worthwhile lesson here in regard to real estate investment, believe it or not, and that is that ownership of land is only at the permission of the government. Our property law comes from the old English system of land grants from the king. You could only own what the king gave you. Today, property law is still controlled by this principle. You can only own land for which you pay the taxes, and even then if they are building a highway and want your property, then that is just a bad day for you.
If you buy land in another country, your title is only as good as the willingness of the government in power at the moment to eject trespassers and honor your land deed. We take government stability for granted in the US, but as soon as you invest in a lesser-developed country, it becomes very important. A coup d'etat is not that uncommon in some countries, and if the new government decides to nationalize all property owned by foreigners, then too bad for the foreign investors. Even absent a coup, sometimes the government still screws foreigners. It has happened to some older people in California who bought beachfront property in mexico for what seemed like a great price. Then the mexican government refused to honor the land sales and the investors lost their money.
THE_ADDMAN
Master Don Juan
Exactly. I had a look at the site
even if it was legit, and the property was yours (including mineral rights), if they ever wanted to colonize "your land" or harvest "your minerals" you would be SOL
even if it was legit, and the property was yours (including mineral rights), if they ever wanted to colonize "your land" or harvest "your minerals" you would be SOL
