Christopher Maag wrote a fascinating piece for Credit.com about the little-known legal claim called "adverse possession" that allows people to take possession of abandoned property.
Here’s the basic version of how it works:
1) Someone owns a property, whether it’s a house, a condo or just a strip of ground.
2) If the owner isn’t using the property, somebody else can come in and use it, without the owner’s permission.
3) After some amount of time (in Texas it's three years; in New York State it's ten), the squatter can claim ownership free and clear.
People have been making adverse possession claims for decades. The most famous cases happened on the Lower East Side of Manhattan in the 1980s and '90s, when artists, punks and homeless people squatted in vacant buildings and brownstones.
I’m at Institute for the Future in Palo Alto, CA today (I’m on staff) at the Positive Platform Design Jam, where we had Cornell historian Louis Hyman give a presentation called “Unnatural Capitalism: How the New Deal Reinvented Capitalism and Why We Need to Do It Again.” You can watch a video recording of his […]
UC Irvine economist Peter Navarro, a hand-picked Trump economic advisor: “Navarro has never met Trump in person. And as for speaking with him by phone, he acknowledges, ‘I have never had the pleasure.'”
Loot Crate is a totally different kind of subscription service that mails subscribers monthly boxes filled with curated geek, pop culture, and gamer paraphernalia. Its cult following awaits a box every month filled with everything from bobble heads to T-shirts to special edition collectibles. But nothing gets Loot Crate fans as excited as the limited […]
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You don’t need to get an advanced degree and take out massive loans to become a coder. This bundle of 10 courses was designed to teach anyone to code at home for less than it costs to go out for dinner. I was particularly impressed with this new 2017 bundle because it includes courses on […]