A Cool Dude to Asklemmy@lemmy.ml • 7 months agoIn the USA, can you lose your home even after it is 100% paid off?message-square133fedilinkarrow-up1148arrow-down14file-text
arrow-up1144arrow-down1message-squareIn the USA, can you lose your home even after it is 100% paid off?A Cool Dude to Asklemmy@lemmy.ml • 7 months agomessage-square133fedilinkfile-text
minus-square@captainlezbian@lemmy.worldlinkfedilink24•7 months agoTheoretically eminent domain still exists but it’s only used to replace black neighborhoods with highways
minus-square@grue@lemmy.worldlinkfedilinkEnglish28•edit-27 months agoNot true! It’s also used to seize property from existing owners in order to hand it off to private developers (see Kelo v. New London).
minus-square@captainlezbian@lemmy.worldlinkfedilink16•7 months agoBut when we want passenger rail we have to buy the land at full price as set by the landowner no matter how much they’re gouging
minus-square@unoriginalsin@lemmy.worldlinkfedilinkAfaraf1•7 months agoThat’s not so much losing your home as it is having it forcibly purchased from you at a fair market price. At least in theory.
Theoretically eminent domain still exists but it’s only used to replace black neighborhoods with highways
Not true! It’s also used to seize property from existing owners in order to hand it off to private developers (see Kelo v. New London).
But when we want passenger rail we have to buy the land at full price as set by the landowner no matter how much they’re gouging
That’s not so much losing your home as it is having it forcibly purchased from you at a fair market price. At least in theory.