Originally posted by TraceZ
Tracy, what you are suggesting is like I buy a beat-up old '67 Camaro from you for $6K, I restore it and sell it for $17K. Why should I give you $17K for it just because you had it first? Just like the guy who bought my T/A for $17K and then sold it for $19K.
That's just business. Before the house is bulldozed and the land is re-zoned, this is a neighborhood... you can't sell it based on "could be" value... you have to sell it based on what it is. If my house is worth $200K fair market value and they take it from me for $225K and then sell it for $500K after it's been leveled and re-zoned, then more power to them. It's capitalism...
However, what is NOT capitalism is that I wouldn't have a say in the matter... the power this has is HUGE!
Comment