"Kelo, one of the last holdouts, earlier this year accepted a $442,155 settlement, more than $300,000 above the appraised value of her home in 2000. Her pink cottage will be moved elsewhere in the city. She has until June 15 to move."
Oh, for Pete's Sake. I understand the underpinnings of this situation, but this woman was MORE than compensated for her inconvenience.
But then, I see my current home and every piece of real estate I've owned before it as an investment. She made an amazing return on her dollar. Her anger is going to eat her alive.
"Oh, for Pete's Sake. I understand the underpinnings of this situation, but this woman was MORE than compensated for her inconvenience."
I would challenge you to find a waterfront lot in the north east for 400K...
Here's a waterfront home that maybe she could buy... Found it on Google.
Spectacular Waterfront Estate
Pleasant Lake, New London
• A rare opportunity to own one of the region’s most coveted properties
• Comprising more than 1200’ of shoreline on pristine Pleasant Lake
• Set on almost 4 acres in the quaint New England village of Elkins, this one-of-a-kind property is just minutes from the center of New London
• Views of the lake & mountains from all directions
• Owned & treasured by a single family since 1930, “The Point” has been operated by them as 8 individual vacation cottages for generations
Offered at $5,500,000
Call for a prospectus & to arrange a tour of this extraordinary property!
Her property alone was probably worth $1 million. You have no idea what the market value of CT real estate is.