The Goldwater Institute & CATO are pushing the Property Ownership Fairness Act that:
- “requires government to pay you when regulations take away your right to use your property and reduce the value of your property.”
- allows for regulation and the use of eminent domain but there has to be notice, so if the government changes the rules of the game, then the property owner should be compensated
- it’s modeled after Arizona’s
What does this Act apply to? Short Term Rental ordinances. Bonjour HomeAway, AirBnB, and the like…
Goldwater Institute | Tourist Trap: Rental Property No Vacation for Owners
CATO | Property Ownership Fairness Act: Protecting Property Rights