Remember, the government giveth:
1) Federal Mortgage Interest Deduction
2) Federally-backed long-term mortgage loans (at incredibly low interest rates!)
3) Really swell FREE interstate highways that get you there real quick-like!!!
& The government taketh away...
Very appropriate term, I will use it from now on, with your permission of course.
Early today I was angry ... now I just sit and shake my head. I own property that this ruling was made for.
Needs-to-be-said-again-with-emphasis bump.
Business interests will go wild with this. They'll take whole neighborhoods and bulldoze them for overbuilding, with the right kind of money spread around the Downtown Crowd.
The biggest developers in America could have bought this decision with thirty shekels of silver, it is so custom-made for their interest. But they probably didn't even have to kick a buck -- this is liberalism come to its inevitable, rotten conclusion:
"Property rights? What property rights? Oh -- those property rights. Well, we don't like them.... Case dismissed."