Defense against eminant domain??

[8NTX]

"Proper compensation - today - is a one time, value thing at a particular moment in time.

The current owner is awarded shall we say - fair market value, and walks. They get nothing from the possible income potential of their property after that."

An integral part of "fair market value", is the present value of future benefits or income over a typical investor holding period. That's how income properties are typically valued, based upon the actions of investors and buyers in the local market. Just compensation takes this into account.

 

[HuskerInVA]

Here's an interesting read regarding eminent domain. A group has submitted a proposal to the City of Weare, New Hampshire to take Supreme Court Justice Souter's home and build a hotel stating it will generate greater tax revenue or other economic benefits.


http://www.freestarmedia.com/hotellostliberty2.html

 

[SnowRidge]

Beautiful, just beautiful.

 

[MossRoad]

<font color="blue"> Government can not take private property and give it to another citizen just because doing so will generate more tax revenue.</font>

All those nice H2 Hummers are built in a factory that sits on land where houses once stood. Local government blighted the neighborhood, compensated the property owners at market value(whatever that is), packed them up and kicked them out. Then they sold the land to the Hummer plant. No airport. No highway project. No need for the public. The reason was that the Hummer plant would bring jobs and economic development to the area, which far outweighed the puny taxes that 50 or so houses generated, so out they went.

What would you call that? /forums/images/graemlins/wink.gif

 

[heehaw]

thanks for that info: i will use that on the better half as the reason i refuse to buy a hummer.
i am afraid we will start seeing a lot more of this:
heehaw