Thursday, June 23, 2005

Kelo et al v. City of New London, 04-108.

A divided Supreme Court ruled Thursday that local governments may seize people's homes and businesses against their will for private development in a decision anxiously awaited in communities where economic growth often is at war with individual property rights.

The 5-4 ruling represented a defeat for some Connecticut residents whose homes are slated for destruction to make room for an office complex. They argued that cities have no right to take their land except for projects with a clear public use, such as roads or schools, or to revitalize blighted areas.

As a result, cities now have wide power to bulldoze residences for projects such as shopping malls and hotel complexes in order to generate tax revenue.

Tuesday, June 21, 2005

The L.A. County and Global Housing Bubble

Picked this story up via Yahoo RSS reader of Technorati keyword watchlist feed on "90210" as a registered Technorati user!

Tuesday, June 14, 2005

Real Estate Commissions Too Low (Greenspun)

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