REAL ESTATE FINANCE

The Supreme Court of the United States has made several rulings that have shaped the power of local governments over the taking of private property
beginning with City of Euclid v. Ambler Realty Inc. in 1926.
One of the basic tenets of the Court is to try and maintain a prior decision's direction or reasoning. This is known as Stare Decisis.
In 2005, the Court announced its decision in the case of Kelo, et al. v. City of New London. You will be responsible for reading the Opinion of the
Court, a Concurrence and the two Dissents. These documents refer to prior cases and how the writer believes the instant case (Kelo) should be
decided based on those cases. After reading at least two of the cited cases, you will write a short paper (5-10 Pages) describing how the Court applied
precedent in Kelo with respect to a property owner's rights under the Fifth Amendment. Your paper must give your opinion as to whether (or not) Stare
Decisis was respected by the Justices who comprised the Majority.

Sample Solution