Explain whether you agree or disagree with any of their views on real, intellectual, or personal property. Explain whether you agree with your classmate's position on why society should treat property interests the same or differently.

Real Property

Real property can refer to land or anything that may be permanently attached to said land, such as buildings, landscaping, or anything that cannot be physically moved. Your property is uniquely located and can never be moved, which makes it distinct and, in some locations, very valuable. As an owner of real property, I am able to occupy my property as I see fit. I am able to build a building or shed, put up a fence, or use my land for any legal activity under the law. Lastly, I am afforded the right to sell or lease my property or transfer it to anybody I would like. Even though I do own property, I still do have to abide by rules and regulations (taxes) put forth by state, county, and even Home Owner's Association.

Intellectual Property

Intellectual property, such as copyrights, patents, and trademarks, is personally owned but generally treated as a separate form of property by the law (Rogers & Seaquist, 2023). Intellectual property owners have exclusive rights to use, distribute, or license their work. Under the law, owners of intellectual property can prevent others from using their property if licensed properly. You see this quite often in the music industry; some songs sound very similar; if it is too close, you could be sued for stealing their Intellectual property and pay royalties or fees.

Personal Property

Personal property is any tangible or intangible items that the owner has the right to possess, use, control, or sell as they see fit. These can be cars, boats, furniture, electronics, or jewelry. Unfortunately, personal property comes with a characteristic of depreciation. Most things we buy are not worth as much as when we first purchased them. Under the law, personal property laws regulate ownership of these items, many of which can and should be covered by an insurance policy in case anything were to be stolen or lost in a fire or other natural disaster.

Treating these property types differently recognizes their unique roles and contributions to society, fostering economic growth, innovation, and responsible use of resource