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It's also a testament to strong property rights.
by mfringel 9y ago
It's also a testament to strong property rights.
- acchow 9y agoCan you elaborate on this? I think I have something to learn from you here.
- mfringel 9y agoSure. There's not much to say beyond "It is very expensive to do Eminent Domain takings in the US, especially in areas where market values for property are high." The US is not a place where the state actually owns all the property, nor a place where the state has an indefeasible right of first refusal to purchase all property for a nominal sum.
- acchow 9y agoWhat makes California distinct in this regard?
- titanomachy 9y agoCould just be high property values.