Tag Archives: Property/Assets/Rights

Three key lessons from recent travels around the world

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“One member is a sharp, contrarian hedge fund manager. He gave a brief presentation on why Greek stocks are a tremendous bargain right now, despite almost every other world market being overpriced near their all-time highs.  Another friend of mine who is a real estate mogul said that much of the price rise we’re seeing in US housing is due to a wave of hedge funds that are buying vacant properties.  He said he expects most of these hedge funds will liquidate within 18-24 months, flooding the market with homes and driving prices back down.  When it came my turn to make some remarks, I told the group three things I’ve learned in my recent travels.”

http://www.sovereignman.com/expat/three-key-lessons-from-recent-travels-around-the-world-11973/

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Families occupy unfinished homes in Spain

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“On the edge of a green field where horses graze, Juana and her neighbours found this mini estate of more than 70 elegantly painted three-bedroom houses, empty and partly plundered. She says about 70 families have moved into the estate in the past three weeks, into houses that are all but finished but lack water and electricity.  Like countless projects across Spain, the site was abandoned by property developers when the bank loans dried up in the 2008 financial crisis. Local authorities have remained silent on the status of the site. Unlike many of Spain’s so-called ‘ghost towns’, life has returned to this one, in the form of local families ruined by the crisis.”

http://www.rawstory.com/rs/2013/06/18/families-occupy-unfinished-homes-in-spain/

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U.S. Cities Where It’s Cheaper to Buy Than Rent

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EPJ13

“9. Birmingham, Ala.;  8. Kansas City, Mo.-Kan.;  7. Toledo, Ohio;  6. Memphis; 5. Warren-Troy-Farmington Hills, Mich.;  4. Gary, Ind.;  3. Dayton, Ohio; 2. Cleveland, Ohio;  1. Detroit.”

http://www.economicpolicyjournal.com/2013/07/us-cities-where-its-cheaper-to-buy-than.html

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Police Commandeer Homes, Get Sued

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“Henderson police arrested a family for refusing to let officers use their homes as lookouts for a domestic violence investigation of their neighbors, the family claims in court.  The Mitchell family’s claim includes Third Amendment violations, a rare claim in the United States. The Third Amendment prohibits quartering soldiers in citizens’ homes in times of peace without the consent of the owner.  Police took Anthony and Michael Mitchell to jail and booked them for obstructing an officer. They were jailed for at least nine hours before they bailed out, they say in the complaint.”

https://www.courthousenews.com/2013/07/03/59061.htm

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Use of garages as social gathering place spurs action by officials

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“More patio than parking place or storage for power tools, Mariam Khalaf said her garage is primarily for ‘chilling purposes’ — including smoking, eating and watching TV with family and friends, including next-door neighbors Muheeb Nabulsy and his wife, Fatima Mkkawi.  Now, officials in the Detroit suburb are looking at changing an ordinance on garage use, arguing that as people get a little too comfortable hanging out in the garage, more cars are clogging side streets. Dearborn officials say the ordinance-tightening is not meant to target Arabs or anyone else. They say the structures are not meant to be living spaces, so building permits cannot be issued to convert them.”

http://www.freep.com/article/20130702/NEWS05/307020018/Dearborn-cracks-down-on-use-of-garages-for-gathering-place

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World’s largest pot shop can stay open in Oakland, judge rules

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“A medical marijuana dispensary billed as the world’s largest cannabis store may stay open while the city of Oakland fights a U.S. government effort to shut it down or seize the property, a federal judge ruled on Wednesday. There has been a tug-of-war in California between federal and local authorities over cannabis sold for purported health reasons. In February, Magistrate Maria-Elena James, the same judge who ruled on Wednesday, said the city had no right to intervene in a federal prosecutor’s civil-forfeiture action against the Harborside Health Center, which was featured on the Discovery Channel reality TV show ‘Weed Wars.'”

http://www.rawstory.com/rs/2013/07/03/worlds-largest-pot-shop-can-stay-open-in-oakland-judge-rules/

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Missouri woman faces jail for recycling tires into flower planters

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“A Missouri woman says that she is prepared to go to jail after authorities in Sugar Creek threatened her over a recycling project that turns tires into flower planters. ‘I was just really interested in recycling and I’m really big on self-sufficiency,’ she explained.  Sugar Creek, however, claimed the number of tires she was storing could attract mosquitos and lower property values. Shelton was issued a citation, but she said she was refusing to pay the fine based on principle.”

http://www.rawstory.com/rs/2013/07/02/missouri-woman-faces-jail-for-recycling-tires-into-flower-planters/

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84-year old Florida homeowner under investigation after shooting at burglar

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“An 84-year-old Florida man returned home with his wife Sunday afternoon only to find a burglar’s car parked in his driveway and the man stuffing the resident’s belongings into his car. After several warnings, the elderly man shot at the robber, but now the homeowner is the one who will possibly face charges.”

http://www.guns.com/2013/06/26/florida-homeowner-under-investigation-after-shooting-at-burglar-video/

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Supreme Court rules in favor of Florida property owner over denied development permit

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“The Supreme Court said a Florida property owner may be owed compensation from a government agency that refused to award him a development permit for his land. The legal issue was whether the agency’s action constituted a ‘taking’ subject to compensation, under the so-called takings clause of the Fifth Amendment, in a more than 18-year battle by Koontz and his late father over their nearly 15-acre parcel of land. After Florida designated much of the parcel as protected wetlands, Koontz proposed to develop about a quarter of it and dedicate the rest for conservation, only to have local officials insist that he pay money to protect wetlands elsewhere.”

http://www.rawstory.com/rs/2013/06/25/supreme-court-rules-in-favor-of-florida-property-owner-over-denied-development-permit/

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Feds, Anaheim Try to Seize $1.5M Building . . . With No Charges Against the Owner

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“Anaheim small business owner Tony Jalali faces the loss of his office building, which is worth $1.5 million, even though he has committed no crime. The city of Anaheim is colluding with federal prosecutors to do an end-run around state laws to take away Jalali’s building because he rented space to medical marijuana dispensaries, even though they operated legally under California law.  Jalali is fighting back. Represented by the Institute for Justice, he is challenging the constitutionality of the taking of his land to put an end to the civil forfeiture in the U.S. District Court for the Central District of California in Santa Ana, Calif.”

http://news.heartland.org/newspaper-article/2013/06/25/feds-anaheim-try-seize-15m-building-no-charges-against-owner

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