real estate case study and need an explanation and answer to help me learn.
Research a Government Real Estate topic:
Pick One of these topics or choose your own:
Eminent Domain – Government taking of private land. When is it appropriate? Look at the supreme court case, Kelo vs. New London but also other examples like Target and Best Buy in MN, or pipeline or border wall construction.
Rent control. The City of St. Paul, Minnesota introduced a rent control policy that came from a citizen vote in the 2021elections. It was criticized as being one of the strictest rent controls in the country. Describe what the control entailed, how it came to be. What is implication for residents, landlords, tenants, and development. What has happened since its introduction in 2022?
Canadian ban on foreigners buying residential property.Effective January 1, 2023, Canada placed a two-year ban on foreign investment in residential property. From a tweet by Canadian Prime Minister Justin Trudeau, “Houses shouldn’t sit empty when so many Canadians are trying to buy a home. So, we’re going to ban foreign ownership in Canada for the next two years, and tax the existing vacant, foreign-owned properties.” Research and expand on this. What do you think of this idea? Explain from both sides. Does the US have a similar issue?
Create a memo to share your thoughts, ideas, findings from your research. Make sure to use at least 3 sources. Either articles or websites. Find and review articles/websites that discuss the topic you choose.Think about and answer the following:
What is the government’s involvement in the real estate and is it good or bad?
It is good to give your opinion but try to explain from both sides before making a judgement. (There is no right/wrong answer).
Requirements: Deep and explicit explanation