eminent domain
 

http://www.sciencedaily.com/upi/?fee...nentdomain.xml
http://www.latimes.com/news/printedi...temailedlin k

whats wrong with these people?

Yeah no doubt. I really wish poor people would just shut the fuck up and move to the hovels they belong in. Waterfront property is not for the poor, sorry.

Eminent domain is a good and a bad thing. Economically, this makes sense. But if it was you or your family or friends...you'd be picketing and lighting the torches.

i was referring to the city, not the people. geez

no, its not a good thing what so ever. sooner or later the poor will be pushed out to shanty towns because they'll never be able to afford living where their homes once stood. guess whos next? us. they'll move in and take every piece of land thats desirable, ie anything with a view, and turn it into condos and huge homes for the super rich to increase their tax revenues. these people need a place to live and sadly this is the first step and removing them from communities.

This doesn't always happen to just the poor. :2 cents:

yep. just wait until big cities catch on. if you own a house in la id look out. sooner or later you will be shuffled into high rise apartments simply because they're located in LA view or not.

I know what you were referring to. I was just telling it like it is.

It's caught like wildfire here in ATL. Makes me fucking sick, it's like they're sterilizing the city, just wringing all of the character out of it so hip corporate douchebags and metrosexual cocksuckers will move here and live in shitty cracker box condos built, of course, like fucking compounds to keep the rabble out. This shit has got to stop.

Eminent domain is never a good thing. Either you own property or you don't. If you own it nobody should be able to take it from you. If they can take it then you don't own it.

If there is no eminent domain then the corporation that wants to develop there will have to shell out big bucks for the properties and the owners can cash in. With eminent domain the corporation gets the land for nothing and the land owners get the shaft. It's not right. Not right by a long shot.

This bullshit belongs in communist countries and dictatorships. Not in a country that supposedly believes in a free market.

Its fucked up if you are one of the ones to be forced out. However, I dont think that will ever happen to me or my family.

Congress was pretty pissed about that eminent domain ruling is trying to ram legistlation through to try to prevent things like this from continuing. If the city council wants to go through with this they better hurry up.

H.R. 4128 got overwhelming support in the House, should be interesting to see what the Senate does with it. The White House has gone on record saying it'll be signed if it passes the Senate vote.




http://www.cnn.com/2005/POLITICS/11/...ent.domain.ap/

I agree. I own a property that has been marked for eminent domain. The county is a few years behind schedule for acquiring properties... In the meantime, I cannot sell for fair market value because it is pending eminent domain. Really sucks.... :(




Neither did I.... :(

marked why? they giving you atleast market value for it?

See this link:

http://en.wikipedia.org/wiki/Gentrification

That's it's called; place labels as you will.

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... :Oh crap

I was born and raised in New London, CT. I still live in the area. Friends of mine have either already moved on their own or are still in danger of being moved out.

The City of New London believes that by taking over the land and building a convention center, hotel and a few other odds and ends that they can revitalize the area. It could be a really nice area being that it's located at the mouth of the Thames River. Pointless.

The big issue we in this area have with the whole mess boils down to a few simple things. The City of New London and it's leaders will never get their act together enough to make the project truly successful. A half assed approach to something of this magnitude is unacceptable but unfortunately our City seems to have a track record of turning a good thing bad. On that note, the homeowners who have lived in the houses for decades and now are being taken by the City, are not going to hand over their homes to these jokers without a fight.

My personal opinion? If it were my house? Pay me fair market value plus a little extra for my trouble and I'd move tomorrow. Try and fuck me over and you'll have to get past my dogs and weapons to take my land.

:thumbsup

If they pay fair market value to take your property to revitalize an area, it would be ok but your assessement of what's fair value is likely to be different than theirs.

Anyway, this isn't all that common is it?

It will be -- if Congress doesn't step in to stop it.

I really don't think most understand the ramifications of this ruling, but they will start to...