3 ms·
Maybe unpopular view, but another way is to just have stronger eminent domain. I don't think market price should be paid when land is assigned to infrastructure
by distances 5y ago
Maybe unpopular view, but another way is to just have stronger eminent domain. I don't think market price should be paid when land is assigned to infrastructure. I also think cities should use eminent domain (with nominal compensation) to acquire land before all zoning to be able to fund the urban infrastructure and control housing prices.
- jvalencia 5y agoThis just seems cruel. If someone bought a home for 500k and has a 400k loan, then the city forces them out and gives them 100k, then that person has a 300k loan and no home.
- distances 5y agoEminent domain should be used for non-zoned land. I'm fine with full market price compensation for zoned land. It's a long term planning failure if it ever comes to that.
- AuryGlenz 5y agoI live on non-zoned land. So do my parents and at least 2 of my friends. You're basically saying that nobody should live in rural areas or risk having their life's work wiped out (or worse) at the whim of the government.
- lp0_on_fire 5y agoSo you'd be more than happy if the government showed up at your home and offered you pennies on the dollar for the latest pet project?
- distances 5y agoI don't see non-zoned land the same way as other property. It's more like spectrum, a limited resource.
- AdrianB1 5y agoSo you want to get something for less than it is worth, at the expense of the owner? You can just nationalize their property, why bother paying something? Viva la revolucion, comrade Che.
- distances 5y agoYep, that's what eminent domain basically is about. Land ownership comes with different strings attached compared to other kinds of wealth. No need to evoke communist imagery -- this is common practice in western countries, some pay the market price and some do not.