July 9, 2024

Rural Life and the Meaning of Property

The townspeople lack a sense of ownership while living in apartment buildings. They often forget that the land beneath the building belongs to them as owners. The monthly utility bills they receive make them feel as if they are living in rented premises. In some developing countries, poor communication between the property management company and the owners exacerbates the situation. This forces residents to demand compliance with the terms of the service contract, even begging for repairs and maintenance.

Rural life emphasizes the principles of capitalism, revolving around land and labor, and is considered one of the most significant investment opportunities globally. Roosevelt said, "Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world."

© 2024 Gleb Bakunov. All rights reserved.

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