Federal Reserve Bank of Richmond: Whose Land Is It? Heirs' Property, Its Role in Generational Land Retention
October 15, 2021
October 15, 2021
RICHMOND, Virginia, Oct. 15 -- The Federal Reserve Bank of Richmond issued the following article on Oct. 14, 2021, by Surekha Carpenter, and vice president and economist Sonya Ravindranath Waddell:
The U.S. economy -- like many modern economies -- is built on the premise of clearly delineated property rights. When it comes to land or homes, clear ownership is generally required to secure a loan for property improvements or qualify for a government grant after a disaster. Property ow . . .
The U.S. economy -- like many modern economies -- is built on the premise of clearly delineated property rights. When it comes to land or homes, clear ownership is generally required to secure a loan for property improvements or qualify for a government grant after a disaster. Property ow . . .