Historical Events tagged with "real estate"
Turns out history loves a label—battles, breakthroughs, and the occasional disaster, all neatly tagged for your browsing pleasure. Because sometimes you just need every weird invention in one place.
Nikkei 225 Hits All-Time High
The Nikkei 225 Index reached an all-time intra-day high of 38,957.44 and a closing high of 38,915.87 on the Tokyo Stock Exchange, marking the zenith of Japan's asset price bubble. Characterized by sky-high valuations in real estate and stocks, this period of economic exuberance was propelled by speculative investment and rapid growth throughout the 1980s. Investors were drawn to the market with optimism, believing in continuous growth and success.
Continue ReadingChain Island Listed for Sale by California
The California State Lands Commission announced the sale of Chain Island, a 41-acre (17 ha) parcel of land with a minimum bid of $5,226. This mark offers buyers a rare opportunity to acquire a piece of California's coastal real estate. The island is located off the coast of California and has potential as a private retreat or commercial development site.
Continue ReadingShelley v. Kraemer: Landmark Supreme Court Decision
The U.S. Supreme Court's decision in Shelley v. Kraemer addressed the enforceability of racially restrictive covenants in property transactions. The ruling came as a result of a case involving the Shelley family, who were denied the purchase of a home due to a covenant prohibiting sales to black individuals. The Court determined that while private discrimination could occur, state courts could not enforce racially restrictive covenants, making such agreements unenforceable in the context of the Constitution's Equal Protection Clause.
Continue ReadingOklahoma Land Lottery Initiated
The Oklahoma land lottery began on July 29, 1901, as a means to distribute land that was formerly part of the unassigned lands in the Oklahoma Territory. Eligible participants were allowed to enter the lottery for a chance to claim parcels of land that had not yet been allocated. This effort was part of the larger initiative to encourage settlement and development in the region, promoting growth and agriculture in Oklahoma.
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