Property Rights - The Foundation of Prosperity

Published: Aug. 18, 2014, 1 a.m.

The ability to own private property is the foundation for building wealth with real estate...or anything else for that matter.\nBut what is \u201cownership\u201d without control? \xa0And what happens when society\u2019s needs and desires slam up against individual rights?\nWhile most people agree an individual homeowner should probably be restricted from building a nuclear waste dump in their backyard in deference to the greater good of the community\u2026should society be able to dictate how much rent landlords should be allowed to charge or who they rent to?\nIt\u2019s a touchy subject and conflicts occur all the time. \xa0That\u2019s where the lawyers get involved.\nSo if you\u2019re going to be a property owner, it\u2019s a good idea to understand the basics of property rights. \xa0\nIn this episode we talk to a couple of lawyers who are involved in conflicts with government over issues of individual rights versus societal controls\u2026some of which are over rights you might not even know exist.\nThe Real Estate Guys\u2122 radio show provides real estate investing news, education, training and resources to help real estate investors succeed. \xa0Learn more and subscribe to the free newsletter! Visit www.realestateguysradio.com.