As it stands, the 9th Circuit ruling threatens to undermine the 5th Amendment: it would allow the government to take private property through successive enactments that each eliminated only a fraction of the property's value, accomplishing by degrees what the government could not do outright.
A New Hope for Texas Homebuyers
Last week, the Wall Street Journal released an article titled, “Once America’s Hottest Housing Market, Austin Is Running in Reverse.” To the residents of Austin, this is great news—finally, home prices may be coming down. But a dip in home prices is only a drop in the bucket of housing affordability. Housing prices may be...