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There's all kinds of laws like this that are super old, and really harmful in modern life. Like name changes having to be published in the paper, and home ownership being public information. Sorry trans people, if you want to legally change your name, you have to be out to everyone! And don't even think about buying a house if there's someone you don't want knowing where you live, like an abusive family member or ex!
They're left over from times when information was harder to come by, and they absolutely need to be changed, but our governments are bad at legislating for modern problems
Well that is a problem that is fading away.
Maybe for you.
Home and land ownership is public in most countries, it's an important thing to have transparency on.
It is actually! I have a friend who's dad is extremely libertarian (despite having been a marine?), And he bought his house under an LLC for pricacy's sake. I'm sure it would work for less crazy reasons as well
Interesting. I wonder if you could buy a home zoned for single family, sell it to a LLC that you run, then rent it out to two families (if one is your own) since it is now commercial rental.
From what I've read, living in a house you buy yourself makes it lose most of the protection of an LLC, because you have "pierced the corporate veil". All it really ends up doing is protecting your identity
Unfortunately, while you're citing lots of very valid cases of innocent people being victimized, I also think that the trail of information that follows people is very important for systems of justice.
Imagine criminals getting away with white collar crime, having changed their name to make it more difficult for people to publicly scrutinize them.
I can't quite imagine what protections might make sense to keep trans people safe, and it's hard for me to think about which group should be prioritized. Of course, ideally, we'd live in a world where anyone retaliating to someone's gender transition would be headed for a hard time themselves.
In that case our government has failed to do this. Who owns your mortgage? It was repackaged into a mortgage backed security with thousands of owners. Who owns that commercial property that has been sitting idle for thirty years? Owned by nested shell companies.
Another reason why mortgaged backed securities should be criminalized.
Very well. Please pick a property not paid off on your block and tell me every single owner, including people who own a millionth of a percent of it via 401ks. I want names, precents, legal terms that they are operating under, and purchase date(s). I will except CSV format only.
A mortgage backed security is a structured debt derivative contract which is backed by the cash flow of the loan, via the issuing bank. It doesn't actually grant any ownership rights to the underlying asset itself.
Fancy words for it is a share of ownership with an abstraction layer for bailouts.
https://www.cnn.com/2021/05/19/homes/black-homeowner-home-appraisal-feseries/index.html
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