Comment by brookst

The simple reason is that if we allow litigating over ownership based on 30-year-old facts, nothing is ever settled. Maybe your house, with its 30 year mortgage paid off, actually belongs to someone else. Maybe that kid you shoved in 3rd grade comes back 40 years later and asserts their lifelong earnings were reduced by $100m because of the trauma.

The statute of limitations regime exists to provide stability. If you are harmed, you have some amount of time to make a claim.

Doing away with the statute of limitations would result in more injustice, not less.