Thanks for your detailed thoughts Thomas.
For ease of readability I've copied a portion of your post into this one and responded beside it.
There's plenty government regulation is the securities space, which is
the next step after JVs, i.e. JVs with the public. Too much regulation
one could argue. But what about JV's in particular?
Perhaps each blog post here at myreinspace should go to a government panel first, for approval ? Or jokes only ? Perhaps "joke" blog posts should not be made targeting certain ethnic communities... and regulation should be in place through REIN stating this and enforced by REIN. Would a system like that help to provide the most benefit to the most amount of people?
Each abuser needs an abusee. Are you really blaming the victims of abuse as an example of why someone buying into a JV is at fault for losses and government regulation is not desirable or I'm I not reading this correctly? Really?????
[quote user=ThomasBeyer][quote user=housingrental]Any thoughts on why the limited consumer protection / barriers to government implementation?
There's plenty government regulation is the securities space, which is the next step after JVs, i.e. JVs with the public. Too much regulation one could argue.
There's bike helmet laws [why: allow me to break my own neck]. Seat belt
laws [why: just up the insurance 10 fold and it'll self regulate]. Fire
codes [pretty anal in many instance]. Rules for property managers or
realtors.
Laws, rules, by-laws, regulations by 3 levels of governments, court rulings, reference cases .. we do not have enough rules ?
One reason for Europe's & US downfall, btw: too much government !
I'd argue that governments in many instances over-regulate. Regulations costs. Costs and benefits have to be weighed !
Perhaps each blog post here at myreinspace should go to a government panel first, for approval ? Or jokes only ?
Each abuser needs an abusee. Do your proper due diligence on house, partner
and contract and 80% of fraud would disappear. Fraud will continue to
happen. Sometimes just bad luck or financial crises or incompetence. It
is hard to regulate incompetence.
Use common sense.
Related post on real estate syndications common sense due diligence:
http://myreinspace.com/search/public_forums/General_Discussion/61-22331-110625-8_Mistakes_to_avoid_in_real_estate_syndications.html#110625
Common sense is not so common.