Build Property on the Moon


Whether or not you would like to Build property on moon, you must consider the legal ramifications. The United Nations Outer Space Treaty prohibits any nation from claiming ownership of extraterrestrial property.

United Nations Outer Space Treaty disallows nations from claiming ownership of extraterrestrial property

Among the United Nations Outer Space Treaty's most important provisions is the international responsibility of States Parties. Article VI states that all celestial bodies shall be used for peaceful purposes by all states and that any State Party's activities shall be carried out with due regard to the obligations of other States Parties.

Article VIII states that states shall register any objects launched into outer space and that the State Party on whose registry an object is launched retains jurisdiction over the object. Article VIII also requires that the State Party provides identifying data to the United Nations before the object is launched into outer space.

The Outer Space Treaty was originally designed to protect the interests of states, prevent new forms of colonial competition and prevent self-seeking exploitation. Over the years, countries have tried to improve the Treaty. In September 1967, the United States and the Soviet Union reached an agreement on most of the provisions of the Treaty in Geneva. The Treaty entered into force on October 10, 1967.

Legal vacuum surrounding extraterrestrial real estate claims

Several government agencies have been dipping their toes in the space pond and private companies have been sniffing around. It is not surprising that a study by the National Science Foundation found that many of the lucky few have been wooed. The aforementioned study did not break down by gender or race, making it a rather gender neutral proposition. The findings are based on a survey of more than 5000 aficionados. The nitty gritty is a topic for another time, but a few interesting details will remain unconfirmed for the moment. Among the most noteworthy findings are several patents and patent applications, and several highly classified government contracts. In particular, there is considerable interest in developing advanced technologies for use in space and on Earth. A handful of companies have been secretly tasked with the task of developing the aforementioned technologies.

Costs of building a property on the moon

Having a house on the Moon is a dream for many people, but it will take a lot of money to make it a reality. Some people are willing to pay up to a million dollars for a slice of the moon, but the price of land ain't cheap. It would cost Rs 2,300 for an acre. In addition, you will have to fill out a form, and you can't claim it if you don't have the cash to spare.

You will also need to make sure that the cost of your home isn't a total dud. For example, you might want to accredit yourself with a high-priced mortgage to cover your expenses. This will not only increase your monthly expenses, but it will also reduce your resale value. The last thing you need is a foreclosure on your credit report. Thankfully, a little research and effort on your part will go a long way towards avoiding such a scenario.


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