U.S. Supreme Court,
Real Estate/Development,
Government,
California Supreme Court,
Administrative/Regulatory
Dec. 6, 2017
State Legislature cannot repeal the laws of supply and demand
The latest batch of legislation is advertised as a solution to our housing crisis; it imposes new taxes on real estate transactions, which will inevitably increase overall housing costs.
The good book tells us that a prophet is without honor in his own country, but he is still a prophet. A prime example of that verity can be found in the aftermath of the California Supreme Court's decision in Agins v. City of Tiburon, 24 Cal. 3d 266 (1979). There, the court's majority held that -- notwithstanding the U.S. Supreme Court's earlier decisions to the contrary -- there would now be no such thing as a regulatory taking of property...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In