Today, I encountered a situation that serves as a stark reminder for those who believe land is a secure store of value. Let me share a case study that might challenge your assumptions.
I traveled to a rural province to meet with a client who wanted to convert their father's land title, a Nor Sor 3 (NS3), which had been purchased 50 years ago, into a full Chanote (land title deed). However, upon surveying the land, the officials discovered a shocking truth: the land was classified as public property, belonging to the state. This meant that my client had no legal claim to the land they had called home for five decades. The land their family had occupied for generations was not theirs after all. The news left them devastated.
Despite this revelation, due to the complexities of law enforcement in our country, the authorities suggested a "gray area" solution. My client was advised to retain the original NS3 document and forgo the Chanote title. Obtaining a Chanote would trigger an investigation, revealing the encroachment on state land and leading to the revocation of the NS3.
Adding to the irony, a neighboring property had successfully obtained a Chanote title, but this was due to different "government policies" in effect at that time. What was permissible then is no longer possible now.
This experience left me with two profound insights:
1. The Illusion of Ownership: I witnessed firsthand that even assets renowned for their stability, scarcity, and practical utility – the very things we are encouraged to acquire – can be taken away. Land, a seemingly secure store of value, can be stripped from you, even after generations of ownership.
A question posed by my client left a lasting impression: "Is there any guarantee that this land won't be seized? That the state won't take it away?" The official's response was a simple, chilling "No."
The realization dawned on them that their land could be taken away at any moment, upon someone reporting the encroachment to the authorities. Even a year's absence could lead to losing their claim (adverse possession laws for NS3 land allow for claims after just one year).
2. This situation underscores the importance of immutable laws. The ever-changing legal landscape can erode the very foundations of ownership, leaving individuals vulnerable to the whims of those in power. True security lies in a system governed by rules that are resistant to change, rules that are etched in stone, like the fundamental laws of Bitcoin, ensuring fairness and predictability for all.
Bitcoin gives you a truly ownership and couldn't be taken by anyone.
Stay humble and Stack sats (as a Triple Maxi 🔥)
GN #siamstr
GM #nostr and Goodday
itssara / Xsara8
npub1z7…6xre4
2024-08-14 16:46:18
Author Public Key
npub1z7k4pffj7250eaydd3ya0v07mmzecylcq9cw5af68zu39q0k4u3qj6xre4Published at
2024-08-14 16:46:18Event JSON
{
"id": "b3aaa410e748b6753095e14fd1002ad55effc671440050d3dc80a88265fc6aae",
"pubkey": "17ad50a532f2a8fcf48d6c49d7b1fedec59c13f80170ea753a38b91281f6af22",
"created_at": 1723653978,
"kind": 1,
"tags": [
[
"t",
"siamstr"
],
[
"t",
"nostr"
]
],
"content": "Today, I encountered a situation that serves as a stark reminder for those who believe land is a secure store of value. Let me share a case study that might challenge your assumptions.\n\nI traveled to a rural province to meet with a client who wanted to convert their father's land title, a Nor Sor 3 (NS3), which had been purchased 50 years ago, into a full Chanote (land title deed). However, upon surveying the land, the officials discovered a shocking truth: the land was classified as public property, belonging to the state. This meant that my client had no legal claim to the land they had called home for five decades. The land their family had occupied for generations was not theirs after all. The news left them devastated.\n\nDespite this revelation, due to the complexities of law enforcement in our country, the authorities suggested a \"gray area\" solution. My client was advised to retain the original NS3 document and forgo the Chanote title. Obtaining a Chanote would trigger an investigation, revealing the encroachment on state land and leading to the revocation of the NS3.\n\nAdding to the irony, a neighboring property had successfully obtained a Chanote title, but this was due to different \"government policies\" in effect at that time. What was permissible then is no longer possible now.\n\nThis experience left me with two profound insights:\n\n1. The Illusion of Ownership: I witnessed firsthand that even assets renowned for their stability, scarcity, and practical utility – the very things we are encouraged to acquire – can be taken away. Land, a seemingly secure store of value, can be stripped from you, even after generations of ownership.\n\nA question posed by my client left a lasting impression: \"Is there any guarantee that this land won't be seized? That the state won't take it away?\" The official's response was a simple, chilling \"No.\"\n\nThe realization dawned on them that their land could be taken away at any moment, upon someone reporting the encroachment to the authorities. Even a year's absence could lead to losing their claim (adverse possession laws for NS3 land allow for claims after just one year).\n\n2. This situation underscores the importance of immutable laws. The ever-changing legal landscape can erode the very foundations of ownership, leaving individuals vulnerable to the whims of those in power. True security lies in a system governed by rules that are resistant to change, rules that are etched in stone, like the fundamental laws of Bitcoin, ensuring fairness and predictability for all.\n\nBitcoin gives you a truly ownership and couldn't be taken by anyone.\n\nStay humble and Stack sats (as a Triple Maxi 🔥)\n\nGN #siamstr\nGM #nostr and Goodday ",
"sig": "8b9156a34e76bb3dd28465a886687dee8c69001418114aa7ba3258c557783a1546acf0ad814119bb2b9532b0ec3276799adbb3d4ea1d17560716672c88aa2c53"
}