Skull Pilot
Diamond Member
- Nov 17, 2007
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When and where did that happen? Pennies on the dollar instead of fair market value after a legal process and a public hearing? Maybe you have an example of the government getting private property for pennies on the dollar.Everything is 'theft' to the RWnuts. It's hilarious.
When the government can take the land you own or the house you live in at any time what do you call it?
I call it democracy. The People, right or wrong, gave the government that power.
We'll see of you feel that way when the government tells you it's taking your home and paying you pennies on the dollar for it leaving you with a huge mortgage balance to pay off
When the owner of a home has no intention of selling it then there is no fair market value
When there can be no competition among potential buyers there is no fair market value
If the owner has future plans for the property that will greatly increase it's value then there is no air market value
If an owner has a mortgage and the value of his property drops then he is being forced to sell at a loss
If you think it doesn't happen then you are an idiot