Empowering Homeowners: Unlocking Property Rights for a Fairer Housing Future
Limited property rights for houses arise when the legal rules don't fully recognize the rights that homeowners have over their properties. To fix this, the researchers suggest embracing a new approach. They propose separating the right to use a property from the legal ownership of it. By adding a new type of planning index and expanding property rights, they believe it's possible to create a more comprehensive system that better reflects the true value of a property. This could lead to a better understanding of what rights homeowners possess and how to protect those rights more effectively.