When I frist read of this decision I was very upset. But after thinking about it, I came to realize this is really is the frist ruling the court has done sence the mid fifties when they started all this socially tampering rulings that really got going in the sixties that did incourage crime and the utter destruction of the inter cities. This way if you lend to high crime in your home area you may loose your home.
You need to think a little more.
This will mean that developers, council members and any that want your land will bribe council members to get it. It will mean that your total life investment in a home, can just be squashed, stolen from you and you receive nothing to even compare with the cost.
This will mean that people will move to the country away from the cities since their investment is not safe. That will mean lower tax bases, less business for the shopping centers and small stores, restaurants. The city neighborhoods will take massive hits over time with unleased buildings everywhere.
Anybody that thinks this is good for any reason - is an idiot and absolutely cares nothing at all about other people being wiped out. So, don't come along and couch this as a good thing for society. You prove you support socialism.
Oh, and nobody is going to go to the low rent areas to run those people out - it will be the prime locations of the city that they want to confiscate.
Also - they are getting the monetary benefit of the value of your land and you get nothing. So, just how is it fair for a big developer to look over a city, pick out the prime property for his own personal enrichment and run you the owner off of it?
Right - don't expect them to want the destroyed slums - they will want the best. And, they will expect the population to pay for the development rather than they that will get the riches from it - as ex. the new Cowboy Stadium and Jones is not doubt calculating what he wants right now.
PING!!!