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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Colin H who wrote (36822)	7/24/2005 1:02:53 PM
From: CalculatedRisk	Read Replies (1) \| Respond to of 110194

The recent court ruling had a positive impact on California. We already have a law that limits eminent domain to public use or blighted areas ... that law was upheld up the Supreme Court ... is your area blighted?

To: Colin H who wrote (36822)	7/24/2005 1:26:47 PM
From: Oblomov	Respond to of 110194

Many state legislatures are already acting to prevent takings for private benefit - if they haven't already. Most states already prevent takings except in the case of true public use or blight. Blight condemnations are abused, and I expect them to be more limited in the future. I would not want to live or hold RE assets in a state, such as CT, where the lawmakers are clearly on the wrong side of this issue. Nonetheless, much has changed since the 1950s. The Kelo decision then would have been met with a shrug. Now, it sparks a political movement.