Because we have had a group of psychopaths ruling over us for a thousand years, who get their power and pleasure from denying things to other people.
And that is what they did, and everyone believes them. Maybe at one time we were beaten into submission, by the king (or whatever "royalty") who's knights (police officers) enforced the ownership of land.
Real Estate - spanish Real, meaning of the king. So, the king's estate. (as in, it is not yours)
We have accepted this as the way of things.
Fortunately, this view crumbles. And something much more humane comes into being.
We do not own the land, we are merely its current caretakers.
What kind of society says, this is my property! First come, first served! But then goes about having children. And then tell the children to go out and buy their own property?
Seriously. That is what the kings all did when they discovered the new world. They declared this part belongs to England, this part belongs to Spain. When none of it was theirs. And then, if you wanted some, you had to acquire it from the king. And then, if the children wanted some, they had to acquire it from the forefathers.
What kind of sick, twisted society holds what their children need hostage?
If we had the idea that we could own air (and T.H.E.Y. are working at owning all the water), what would it be like when we had a child? "Ok little Billy, go out and get your own air." Because everyone divvied up all the air before they were born. We might see that we are horrible people for ever thinking that way.
We should only "own" the land that we are currently using, leaving most of the Earth's surface free for the next generation to go and carve out a place of their own.
Ownership of land should be seen as who is currently taking care of that land.
Currently we have this idea of making money by keeping people from land
People are buying property with the thoughts of renting it out at a profit. This is bad, but the fractional reserve lent mortgages make it insanely bad.
When some people can get loans easier and cheaper than others, it advantages those who can to buy up all the property, and then escalate the price for rent to the absolute extreme.
People might not think this is bad, capitalism and all, but just wait until Black Rock buys up ALL the property because they can get loans much cheaper then everyone else. Where this ends is that everyone owns nothing, and has to rent.
Further this will destroy the economy as every house bought is bought with money that poofed into existence. Or, in other words, it steals from al the people, especially the savers, to "pay" for all the houses. So, they by up all the houses by stealing everyone's money. What a scam.
This is where our idea of rental property as a money making thing ends.
Here is how this thing ends
Those mother WEFers are intent on buying up all the property (then it will really be Real Estate) and then rent it for social-credit-score and work-earned-credits. Basically, if you don't do what they say, cheerfully, with a smile on your face, you will be denied a place to live.
Unfortunately for those mother WEFers, everything goes against them. EVERYTHING!
The population will seriously drop. And when it drops, there will be a lot of empty houses. And when there is a lot of empty houses, and people suffering from lack of house, they drop the idea of real estate, and just move in wherever they find. Or, basically, houses become worthless, as a real estate investment.
Where people want houses seriously changes. Imagine that everything in our life changes. We no longer want a house near a job, with stores and restaurants nearby. (all those things have gone away. No stores, no jobs, no restaurants) And we start wanting a house where we can grow food, and live with a our close friends/family/community. And then, on top of all that, flying cars and free energy devices make it easy to live anywhere. AND!! all those mostly fiery, but "peaceful" cities become a really bad place to live. Then, everyone moves out to the country. Cities are left abandoned.
On top of this, there will be natural and unnatural disasters that actually change the borders, the geography and many other things. San Fran is not a great place to have property, when it has broken off from California and sunk into the ocean.
Just as we have watched malls close, once, one of the most expensive real estate, we will see the value that people believe the real estate market hold, just vanishes.
The housing market is crashing. And usually, it goes down until people can start affording it again. However, this time mortgages go away, the excess inventory explodes and people interested in buying housing slowly disappears. This time it isn't going to level off, find support and continue to climb. This time the entire suburban housing market vanishes. Houses go from $1,000,000 to no one will buy it for $100.
I do not know how long this will take, but it is coming.
And, if all that wasn't enough, Selling all of your rental real estate and putting it into bitcoin will pay off much more. And you don't have to do anything like talk to tenants, fix plumbing, show houses…