Thread: eminent domain
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Old 12-03-2005, 11:07 AM  
Trixie Racer
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Join Date: Aug 2003
Location: varies
Posts: 2,328
Quote:
Originally Posted by bringer
marked why? they giving you atleast market value for it?
The county can take your house if they want to. They will be taking my property eventuallly because they want to redevelop. They will pay "fair market value" when they do the acquisition but what if property values drop while I'm waiting? Considering where it is, that is likely.

Also, since I have been waiting, property values in Las Vegas went way up. I live in Vegas now, and had the county bought my house when they should have, I could have moved to Vegas a few years ago and really cashed in on the real estate boom. *sigh*

I have to wait for the county to buy me out which has prevented me from being able to invest in better properties. It's all a waiting game...
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