Posted on 12/21/2006 8:42:35 AM PST by Graybeard58
While morally this situation was wrong, I have to say, if someone, government or otherwise, offered me 440 grand for a 140,000 house, I'd take the money and run.
I know someone who could use a "Ultimate Revenge BLack Curse".
Good point, it is Connecticut isn't it?
She shouldn't need to apologize. Let this happen to any one of these government officials before they lecture her on how she should feel.
And she *should* have sent them to the five justices but that would probably bring Secret Service attention.
About 18 months ago, 8,000 Jews were forced out of their homes in Gaza. Most of them lost not only their homes but their greenhouse industry, which was turned over to the Palestinians (who looted and destroyed the "gift").
These Jews are still destitute, living in trailer parks, never received the compensation they were promised, and (get this) STILL OWE MONEY ON THEIR HOUSES IN GAZA.
Hypothetically, suppose your house is "appraised" at $144,000, but it would cost you 3 times that much to get a comparable house in a decent neighborhood. Then let's suppose a developer wants to develop the area, and the value of the land where your house sits after the development would be somewhere in the neighborhood of $1.5 million. You are offered a "fair" price of $445,000 which is three times the "appraised" value, but only a breakeven amount for you to replace the home, and less than a third of the true value of the property to the developer. You decide (as would be your right if private property rights mean anything) that the home is worth more than they are offering, and you refuse to sell. So the developer gets the government to come in and take your property for less than you are willing to sell it so that they can have it for their development.
It is always rather amusing when otherwise conservative people decide something is a "fair deal" for someone else's property. Private property is a fundamental right and principle of conservatism. For government to use eminent domain to take property from one private party in order to give or sell it to another private party is completely inexcusable.
Never retreat and never apologize if you are right [unless the fight is with a wife or girlfriend, in which case immediately retreat and apologize :-) ].
Kelo, one of the last holdouts, earlier this year accepted a $442,155 settlement, more than $300,000 above the appraised value of her home in 2000.
Is the appraised value the fair market value, the replacement value, or some lowball number created by a government bureaucrat interested in running you off your land? I expect many more lowball figures after the monstrosity of the Kelo decision.
It's all in the choice. If I had a CHOICE and were offered way over value (which in this case I've found the "value" was way low from reality) I may well take it. I wouldn't want to be "forced" to take it though.
If someone decided they were taking my home away for improvements I would be mad as hell. I don't think its fair and it shouldn't happen. I don't blame her for the cards. I hope they work. It isn't about the money either. You have memories and you love your house, money can't replace that. Unless you want to move the money isn't important. This is happening in Long Branch NJ too and I really feel bad for those people too.
Well she fought them all the way to the Supreme Court, for which we should all be grateful, as it exposed the socialist, property hating majority on the court and the sad state our post-constitutional republic has fallen into.
We don't know the details, but in deals like this the initial appraised values (appraised by the same government that is taking it) are usually laughable.
Imagine this: How about you sell me your car that way? I come over, I appraise the value, I give you a check for that amount, I drive your car home. No input from you required! You can trust me! I'm a government employee. Of course I'm fair. (Actually I'm not, but you get the point).
Yes, it is a real estate development company.
Some people's lives are about more than just money, that's why.
She was a lot more peaceful than I would have been. The city would have to go Rachel Corrie on me.
I'd say if it were me, I'd get an independent appraisal done myself.
I've SEEN that movie...:)
We are talking about the USA, here. It's supposed to be better, here.
If it is a corporation then it is a public entity, an institution of the state. It is not private.
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