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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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To: joesbucks; Peach
"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.

Somehow it doesn't make me feel better knowing that local governments have already been circumventing the Constitution. But whether they have or no (and I'm willing to believe you on it), in my mind it is a great tragedy that the highest court in the land has so cavalierly jettisoned our right to be secure in our property.

And I don't see how that can fail to have a major effect on the lawsuits associated with these cases. Not to mention graft.

I guess what I'm trying to say is that I don't care that it's been going on, it makes me want to weep watching our American traditions die. I guess I don't "get it," I'm not sophisticated and worldly or whatever.

104 posted on 06/26/2005 5:35:47 PM PDT by Sam Cree (Democrats are herd animals)
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