Or wait...maybe those fires were done purposefully so the government could deny rebuilding permits, confiscate the land and build high density affordable housing...Inflation is also way down the last 2-3 years.

And you can't travel with pounds & ounces of silver without being confiscated. 

It takes a lot of effort in denial to not see the blatant marxist leanings here behind the obvious mindset these policy drafters have that they, there government, controls property, and landlords are only allowed property rights IF and when they comply in lock step with operating how their vision of government works OR ELSE.... is private property rights don't exist, their allowed entitlements that government can revoke and confiscate at will. 

What is fair is maybe 25% of that cost.If the LL does not forego most of this confiscation of security deposit, consult a lawyer.  

Of course, if the taxes in a given jurisdiction almost amounts to profit confiscation, I'll go elsewhere but that's not the case.Hope this helps

Owner confiscated furnishings and deposit.

If we have learned anything during Covid, it's that our freedoms can be curtailed if we have all our assets at the whim of a single government.Of course, if you've done very well investing in the US and you expect to be able to continue doing so (even with much higher interest rate) and if you think the odds of losing everything in a lawsuit (frivolous or not) or by government confiscation is 0, I'm with you.I once read the statistic that said that the overall majority of American high net worth individuals own properties overseas, which didn't surprise me given what I just wrote.I love the way you ended your paragraph before last "That’s how I feel about investing out of the country.

If I had a tenant applicant who during the tenant interview shouted “down with capitalism” and volunteered that he was working to confiscate private property I wouldn’t rent to him.  

A Roth locks that money into a position where it can easily be devalued, taxed, confiscated.

You are treading on thin ice if you follow other advice of confiscating the property/apartment yourself.