No, not according to last year's Supreme Court ruling, Kelo v. New London. In effect, the Supreme Court ruled your property may or may not belong to you, depending on if developers want your land. Susette Kelo, of New London, CT, attempted to fight developers who wanted to seize her beloved pink cottage.
And she lost in a historic 5 - 4 decision that effectively overruled Americans' historic authority over their private property.
This decision gave developers and local governments the precedent they needed to seize any property for private projects. Local governments have actually threatened or condemned 5,783 properties since this ruling, according to USA Today.
But there is some good news.
This controversial ruling also inspired 25 states to enact laws to stop such seizures and Congress has considered a bill to stop federal economic funds from going to developers who use eminent domain.
But no matter how many laws they pass to curb this seizure, you can still lose your home if they say so. To read the full Supreme Court ruling, click here .
No comments:
Post a Comment