[Info-vax] Completely OT: Frank Lloyd Wright

[glen herrmannsfeldt]

Paul Sture <nospam at sture.ch> wrote:
> In article <k6jbce$fff$1 at dont-email.me>,
> David Froble <davef at tsoft-inc.com> wrote:
 
>> We were discussing eminent domain.  If the government wanted to build a 
>> road, they don't want my house, they're just going to tear it down.  So, 
>> because they don't want the house on the land, I hope you're not 
>> suggesting that they don't pay for the house?
 
> For compulsory purchases I believe the government will offer "market 
> value", but your idea of market value will probably differ from theirs.

In the one I mentioned previously, where a hospital was expanding,
in the end they paid 2.54 times market. 

It seems that the state law would have required them to get all
the condo owners to agree, which would be pretty hard. Instead,
they got the law changed (or a special one-time change) allowing
the deal to go if 80% of the ownwers agreed. 
 
> If you have just sunk several tens of thousands into renovating your 
> property for example, you probably won't see that back in full.

For an ordinary house sale, you often get less than you spent
on a renovation, sometimes down to 50%. For the usual cases,
real estate agents can tell you pretty much what things
are worth.

-- glen