Thanks for engaging with both posts. Your insights on structural constraints and the absurdity of record-keeping costs are exactly what I'm trying to highlight. The $575M annually just to manage the problem (not solve it) while heirs receive pennies really is the perfect illustration of institutional failure. Your experience with 20-owner coordination problems is a valuable perspective. If that's a nightmare without trust restrictions, imagine 1,077 owners with them. I'm curious: in your land trust work, did you see any mechanisms that helped with voluntary consolidation? Or was coordination just impossible beyond a certain threshold of owners?
Thanks for engaging with both posts. Your insights on structural constraints and the absurdity of record-keeping costs are exactly what I'm trying to highlight. The $575M annually just to manage the problem (not solve it) while heirs receive pennies really is the perfect illustration of institutional failure. Your experience with 20-owner coordination problems is a valuable perspective. If that's a nightmare without trust restrictions, imagine 1,077 owners with them. I'm curious: in your land trust work, did you see any mechanisms that helped with voluntary consolidation? Or was coordination just impossible beyond a certain threshold of owners?