Gone is "Just Compensation!
The WSJ (by subscription only) argues on its Op-Ed page in Kennedy's Vast Domain The Supreme Court's reverse Robin Hoods that because of the Kelo v New London decision "just compensation" is devalued!
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Why? Because there is no need to invoke eminent domain if developers are willing to pay what owners themselves consider just compensation.The courts have leaned over backwards, too far in some cases, to help the poor and powerless. This sorry decision hurts all of us. In the past, once our property was seized, we could at least argue we got a fair price for our property.Just compensation may differ substantially from so-called fair market value given the sentimental and other values many of us attach to our homes and other property. Even eager sellers will be hurt by Kelo, since developers will have every incentive to lowball their bids now that they can freely threaten to invoke eminent domain. (emphasis added)
Posted by movermike on
Friday June 24, 2005 at 8:46am
