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To: joesbucks

Thanks for your answer.

I have a lot of problems with the ruling and one of those is the "just compensation". It's not just at all.

For instance, in New London, one of the men is going to be paid $150,000 for a 10 room house. We used to live in Connecticut and I can assure you that the best he can buy with that money is a 5 room shack, at most, and certainly not on the water or in a great neighborhood.

That is outrageous. People work their whole lives, pay into the system, obey the laws of the land, and the goverment just takes their property like that, without paying fair market value and more considering they didn't want to move? Outrageous.

And I know that taking has been going on for years. But typically it's gone on for major projects...not for office buildings.

The only good to come of this, imo, is for people to understand what activist courts really mean to them.


100 posted on 06/26/2005 3:36:36 PM PDT by Peach
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To: Peach
I work in real estate. For the most part, but not always, the initial price offered is a bit lower than market. Usually, if the person puts up any squawk, they typically get somewhat over market. My local paper has often run stories where eminent domain payments are higher than market for the area.

What usually happens is that there is great emotion when these things happen. For example, in Conn, there is a lady that was born in her house I believe. There is no market value for that.

another thing that happens is people sometimes put money into a rehab or remodel then expect to get that back out of the property. That seldom happens in the real world, and often the rehab/remodel is as much emotional as it is financial.

Depsite all the angst on this, what the court did was simply rule that what has been happening can continue to happen. And that the quasi public groups no longer need to do that facade.

102 posted on 06/26/2005 4:59:40 PM PDT by joesbucks
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