As formal property registration expanded through the late 1990s and the early 2000s, collateral-based lending increased. Newly formal property owners felt secure enough to make improvements to their property. With formal rights, people were free to pursue earnings opportunities away from their property without fear of losing it to another claimant. Panaritis also reports lower levels of child labor and higher levels of school enrollment among families with formal property rights compared to their informal counterparts.
The reforms made made property a tradable asset and gave Peruvians the freedom to use their property in ways that best served their interests. The reform effort was not a simple matter handing out titles under the existing system—it required the creation of a new system for registering property. To this end, the pilot program was key. It allowed reformers and property owners to try and revise the new system, the success of which engendered trust in the pilot participants and sparked enthusiasm for the reforms elsewhere in Peru.
via Charter Cities: Property Reform in Peru.
I’ve been thinking of creating a more personal blog, as long as I haven’t done anything about this plan there would be political stuff and views not related to Passion and Happiness in onthe8spot.com .
I am not anti-poor but squatting is government supported extortion. The whole apparatus smacks of people rent seeking, from the courts to the enforcement officials.