I think it's more a question of authoritarianism rather than "Communism". If the state (or a corp) can take away anything you have without reason, then it's really hard to plan for the future. In some places all land is considered state land and you can only lease it, in other places the politics are so fluid your property could be handed out to an oligarch in good with the regime. Both of them have major discontinuities that disrupt decision making.