Massive "fu** you" to the US Supreme Court for this morning's ruling.
Supreme Court Rules Cities May Seize
It's a 5-4 decision, so there's still hope for a turn over.
But I REALLY REALLY do not want Justice O'Connor to retire before ending this debate completely. I mean President Bush has appointed Attorney General Alberto Gonzales, knowing Bush's support for the wealthy, this may turn into a 6-3 decision in the future, making it even more screwed for the working class in the United States.
Real estate, for one that I know, Fair Market Value of the home in compensation DOES NOT compensate the value the family has spent on in hopes of having this "home" for themselves. First of all, homes are hella expensive nowadays, so property tax are extremely high (average around $7000 a year in Orange County for newly purchased homes). Second, the amount of investment into the home. You know the old saying "time is money".
If they offered $1,000,000 for a $350,000 home, that's considerable compensation since it will give the "poorer" families who owned the homes some buffer zone for a new home in the next 10 years. Now if they pay like $350,000 for a $350,000 home, what the hell is the point? If they move, they have to pay $350,000 to $400,000 for another home and get into even more indept. The working class are people too....
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