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Why would "zero" be the ideal price? A price of zero would mean that everybody who wants the covenant to remain in place would need to constantly be on their g
by MereInterest 2y ago
Why would "zero" be the ideal price? A price of zero would mean that everybody who wants the covenant to remain in place would need to constantly be on their guard for a hypothetical overly aggressive developer who wants to change it.
Having a non-zero price means that the developer can't just drag out the same argument again and again, trying to overturn the same covenant. Having minimum notice periods and public comment periods means that the developer can't just raise and force the issue in a single meeting over the holidays.
- pfdietz 2y agoIf one holds that such covenants should not exist, then any cost or difficulty to remove them is a negative.
- AnimalMuppet 2y agoI do not hold that all such covenants should not exist.
- pfdietz 2y agoThat's nice. I was speaking for me, not for you.
- bombcar 2y agoI think people may not know how many things are handled by covenants such as this. Sure, it's a position that anything like this should be a law on the books, but it's likely a not-very-popular position.
- lazyasciiart 2y agoIf most people think covenants don't affect many things, then I suspect the position that covenants should be replaced by laws is quite popular. I certainly agree with it - I've never seen a covenant that I felt should exist.
- freejazz 2y agoWow, big surprise. Poster who does not even seem to comprehend who actually owns the covenant also thinks that they shouldn't exist at all!