Can capitalism exist without govt

[Samoht]

Originally Posted by Hoggen [You must be logged in to view images. Log in or Register.]

You can buy large multi-bedroom houses in Detroit MI for under 50 k. Why?

You're looking at this from the buyer standpoint, but what if you were the home owner? What if you paid 300k+ for that home and are forced to take a 250k loss because of lack of government regulation? Or worse, what if the bank foreclosed on you and stole that home right from under you and your family, and you lost all of that investment?

And why are builders still building in cities with so many vacant homes already on the market? Why would a new buyer pay $150k for a 10 year old home that the owner already took a huge loss on by lowering the price down from 200+ when they can buy a brand new one across the street for less than 125? Do home builders really make that much money that they can drop the cost of making a house by 50% after 10 years and still turn profit? Or are they teamed up with the banks to help drive existing prices down and get more walkout/foreclosures on existing houses while they continue to capitalize on new home mortgages?

Either way, it's crooked.