I'll be talking with Armstrong & Getty at 8 this morning about the efforts by California local governments to use eminent domain to seize "underwater" mortgages. You can listen online here. Update: You can listen to the podcast recording here. ...
Supporters of property rights will no doubt remember the sad saga of Kelo v. New London. caption id="attachment_25079" align="alignleft" width="218" Kelo house before eminent domain/caption In that case, the Supreme Court permitted the city to use its eminent domain power to condemn the homes of Suzette Kelo and her neighbors to make way for a ...
The government's authority to take private property without the owner's consent is a terrible and awesome power. Aware of this, the nation's founders placed two key restrictions on its exercise: that government shall not take property unless it is for a valid public use and just compensation is paid. But those limits are only as protective as th ...
The Takings Clause of the Fifth Amendment promises that the government will not take private property unless it is for a valid public use and the owner is fully compensated. And yet, we all know that Kelo v. City of New London, Conn. (2005) allowed a Connecticut city to condemn a middle class neighborhood for private redevelopment in the name of " ...