When the U.S. Supreme Court ruled that governments had broad power to take private property to boost economic development, real-estate executives cheered. From the WSJ.
This is far too much of a generalization of an entire industry. Not one Realtor I have spoken to has said the Kelo ruling was a good thing. Our profession depends on property rights. We fight on a daily basis through all available channels to ensure that individuals’ property rights are neither diminished nor stripped in any way.