Constitutionally protected property rights have been shrinking since at least FDR. From Eric Boehm at reason.com:
When governments issue regulations that undermine the value of property, bureaucrats don’t necessarily have to compensate property holders, the Supreme Court ruled Friday.
The court voted 5-3, in Murr V. Wisconsin, a closely watched Fifth Amendment property rights case. The case arose from a dispute over two tiny parcels of land along the St. Croix River in western Wisconsin and morphed into a major property rights case that drew several western states into the debate before the court.
Chief Justice John Roberts, in a scathing dissent, wrote that ruling was a significant blow for property rights and would give greater power to government bureaucrats to pass rules that diminish the value of property without having to compensate property owners under the Firth Amendment’s Takings Clause.
STRAIGHT LINE LOGIC 