Showing posts with label property rights. Show all posts
Showing posts with label property rights. Show all posts
Monday, April 21, 2008
A different strategy for zoning issues
An oldie but here is another way for dealing with a zoning dispute.
Sunday, April 20, 2008
Property Rights in Sim City
We're discussing takings and zoning in Property and a classmate made a comparison between Hadacheck and the game of Sim City. It struck me that property rights are not at all respected in the land of Sim City. Consider the following:
In contrast, consider the respect for property rights in Monopoly (in spite of the anti-market goal of the game)
- The game allows for demolition of homes and businesses with no compensation, the only cost the player has to pay is to the demolition company.
- Placing industrial zones next to residential zones has no effect on the value of both properties.
- There are never any covenants that the city has to deal with, rezoning is done freely at will.
In contrast, consider the respect for property rights in Monopoly (in spite of the anti-market goal of the game)
- There's no such thing as a free lunch, if you land on someone's property, you have to pay for it.
- Players need to coordinate among three different property owners before they can start building homes or hotels
- It teaches kids to hate landing on the income tax and luxury tax spaces
- The city never takes your property. The only way you lose it is if you sell it.
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