Description
#shorts #landinvesting #realestateinvesting #eminentdomain
Eminent domain explained: how a city took a whole neighborhood for a project that never got built.
In 2005, the Supreme Court ruled 5 to 4 in Kelo v. City of New London that the city could take Susette Kelo’s little pink house in Connecticut for a private redevelopment plan promising jobs and tax revenue. The Fifth Amendment requires just compensation, but this case stretched the meaning of “public use.” Years later, the land was still sitting empty. If you own property or land near future road corridors, this is worth knowing.