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Eminent Domain

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jdobbin Grand Master

jdobbin

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If the developer can sell the condos for $3 million, then maybe I should negotiate a higher selling price than $300,000 for my house. If I sell it for $500,000 then I'll be happy and my property will go to the use of highest value - building condos. OTOH, if I value my house more than $3 million, then the developer might have a problem since I'll refuse all offers.

There is very little negotiating with expropriation. The government sets the price, not you. They evict you and take your property and issue you a check.

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