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> I would mention that it may actually cause property values to go up for single family homeowners. This is an exception more than a rule, and generally only f
by kcplate 4y ago
> I would mention that it may actually cause property values to go up for single family homeowners.
This is an exception more than a rule, and generally only for specific areas that might be gentrifying or for home owners in very old properties that might border a larger land area a developer might buy.
And then you always have holdouts which could spoil the deal, which leads to IMO one of the most evil government things there is in the US in modern times—eminent domain
- rcme 4y agoEminent domain is amazing. It should be used more often. The key is that the people whose property is being taken should be fairly compensated.
- kcplate 4y agoWhat’s “fair”? Who gets to chose that number? The developer? The government that stands to gain from larger tax revenue from the same property? Sorry it’s a purely evil thing. Specifically designed to rid poor people of property to enrich the pockets of wealthier people. Hell, Donald Trump was the biggest cheerleader of its use in the ‘90s.