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One approach to assessing land value is to have the property owner self declare. But then that self declaration gets published in an official register, and any
by londons_explore 3y ago
One approach to assessing land value is to have the property owner self declare.
But then that self declaration gets published in an official register, and anyone offering 1.5x that declared value gets to buy the land without the owners ability to refuse.
- viknesh 3y ago…what? I get the idea, but having money shouldn’t mean you should be able to just choose someone’s land and decide its yours.
- londons_explore 3y agoWith enough money you can already do this. You just propose a road building scheme through your enemies garden, sponsor the scheme so it looks like a great deal to local government, and the government will compulsory purchase the garden.
- DavidKarlas 3y agoSo my house is worth 500k, someone looking for house in range 500k-700k, really really likes my house and just kicks me out for 750k? Sounds like terrible idea.
- londons_explore 3y agoIf you really don't like the idea of that happening, you can always self-declare a higher value. Then, not only is it less likley someone chooses your land to buy, but also if it does happen you get more compensation. But then you'll also have to pay matching higher property taxes.
- js8 3y agoThat sounds a bit extreme. What if your land suddenly appreciates without you knowing? I think this is not a very fair system and would cause lot of middle class people lose their home to large owners.