Quote:
Originally posted by Tyrone Slothrop
If you're getting compensated for the market value of your property -- fairly, let's suppose -- and for things like relocation, what about the property right isn't being protected? Your argument is circular: Why do you oppose urban renewal in this case? Because you want to protect property rights. What's to the property right if someone is compensated? It's the right not to have your property taken for urban renewal.
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You are only being compensated for the value of the property, you are not being compensated for the right to control the property. The right to control the property has value and is separate and distinct from the value of the property itself.
Think about it in terms of economic value and dispositive value of property placed in trust.
