“Buildings falling down, starving termites with nothing more to munch on, salt water damage you would not believe ~
There are some natural limits on your God given right to maintain a fleatrap and fire hazard in a densely populated urban area! “
Please don’t support the dishonest argument that people like Trump (and Jim Komen of Komen Properties) use to support their legalized thefts through eminent domain.
(1) A genuine firetrap can be condemned and demolished by the municipality if it is a hazard to other people. The property taken by Trump (and Komen) did not fall into this category, with a possible few exceptions.
(2) If I had a termite-ridden building that was falling down, and that I could therefore not inhabit, rent out, or use for a business, I’d take any reasonable offer—even the value of the land alone—to rid myself of the property taxes, insurance, and utility bills. Some people with property in this condition simply abandon it, don’t pay the taxes, and let the city confiscate it.
Item #2 is from my background in managerial or engineering economics—if you have something that can’t give you service but costs money to maintain, the best thing to do is sell it for what you can get or even give it away. I am sure that Trump, as an experienced businessman, knows this too, and he insults my intelligence by arguing that people won’t sell worthless property unless compelled to do so.
Sorry, Trump is right. You are wrong. China exists. Europe exists. The Middle East exists.