Posted on 11/17/2022 1:59:10 PM PST by grundle
January, 2012
Case summary(ies)
The Fifth Amendment to the U.S. Constitution includes a deceptively simple requirement: “[N]or shall private property be taken for public use, without just compensation.” Although the same language does not appear in the North Carolina constitution, the state’s highest court has held that Article I, Section 19, of the state constitution, providing that no person shall be “deprived of his life, liberty, or property but by the law of the land,” has the same functional impact as the federal taking clause.
Summary:
Regulatory Takings
David W. Owens
Gladys Hall Coates Professor of Public Law and Government
School of Government, The University of North Carolina at Chapel Hill
Very in depth paper summarizing many court cases, including Supreme Court, on seizure of property by zoning regulations.
https://www.sog.unc.edu/resources/legal-summaries/regulatory-takings
Hey, can someone get my landlord to drop rent 15% here in Reno? And, if 15%, why not 25% or even 50%?
do their mortgages go down by 15% too???
I remember that on Seinfeld too.
How is a landlord to run the building? will they also get a 15% reduction from fuel and electric companies? reduction of fees and taxes?
Not true. Rent controlled apartments have different rules are inherited from parents to children. Tenants cannot be evicted. Rent increases are so minimal ($5.00) that now there are still tenants paying $300/month for HUGE apartments in NYC.
Some apartments have been in the same family since 1940. No landlord can survive with a rent controlled apartment. Other apartments compensate, hence the high rent prices.
Living in a rent controlled apartment is like owning a house and not having to pay for any repairs, paying property taxes or fears that you will ever be homeless.
Government should stay out of the rental business since they have no clue how it is run.
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