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To: Responsibility2nd
“Maybe you planted a tree, added on a room or rehabbed a home,” the Web site said in 2007. “Fifty years from now, when a family is enjoying the property that you improved, and making a profit by selling the property you improved, why shouldn't you benefit?

Umm....well...maybe because you sold the house????

Maroons.

This is just going to encourage people to go further into debt for homes and home improvements based on some phonus-balonus pipe dream of price appreciation, which is one of the main things which got us into the mess we are in now.

Suppose the developer sells me a house in 2007 for $500,000 with one of these 1% clauses in the deed. If in 2013 I have to sell the house at $375,000, is he going to kick in one percent of my loss?

12 posted on 03/30/2010 8:22:43 AM PDT by Notary Sojac (Mi Tio es infermo, pero la carretera es verde!)
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To: Notary Sojac
Umm....well...maybe because you sold the house????

Yeah, like the frickin' criminals didn't make the profit on the "improvements" when they sold it to the family that sells it 50 years later. What a crock of sh**. This country is going to he** in a hurry.

25 posted on 03/30/2010 8:29:13 AM PDT by calex59
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