Option 1: Reestablish the Free Market
Private property buyers and owners determine the use of the land in accordance with their own beliefs and objectives. Government intervention in this situation is minimal.
Pros of Option 1:
• Is the person’s choice
• May do as they please
• May sell for a price they choose
• Keep economy going
• Government cannot take property away
• Can cut down as many trees as you want
• Drives free market
Cons of Option 1:
• Government does not set limits
• No control over where buildings/businesses end up
• No set aside benefits for parks and recreation
• Society has no say
• Misuse of land
• Create trash, pollution, environmental damage
• Reducing someone else’s land value