3 ms·
If this isn't favoritism, I don't know what is. It goes without saying that if these neighbors hadn't been obscenely rich, the sale would not have been overturn
by mnm1 9y ago
If this isn't favoritism, I don't know what is. It goes without saying that if these neighbors hadn't been obscenely rich, the sale would not have been overturned. This seems to be another way that money can buy one injustice in the US. How does the couple who bought the land get compensated for their loss? That $90k could have been invested in any number of things and put to work making more money. They should at least get the maximum possible interest allowed by law. The proper solution would have been to let the sale stand, of course, and let the neighbors buy their street back because they are such irresponsible idiots. But no, we don't hold the rich responsible for their actions. Maybe we ought to think about doing so at some point while it's still possible ...
- rkeene2 9y agoIf they were to buy it back then the taxes would be reassessed (due to Prop 13), and they would have to pay a lot more n on-going taxes versus a one-time cost of donating to a US Senator.