Reply With QuoteEXACTLY MARCUS.
That's great dan. Then perhaps Toyota or the City of SA will be willing to make the property owner a decent offer for that property.
EXACTLY MARCUS.
What is a decent offer? It's obvious that if the Toyota plant wasn't started around the corner, the value of the land would be much less. Real Estate agents have square footage breakdowns for every part of town, including the Toyota plant area. Lets come up with a fair number and get this done.
And if my uncle didn't have a he'd be my aunt.
I would write out a detailed response to danny boy's comments but Manny expressed it perfectly.
And if my uncle didn't have a he'd be my aunt.
What if he was a hermaphrodite?
Isn't that exactly what the Miller family is doing?I think it's bull that anytime there is a major project in San Antonio some groups like to show up with their hands out expecting a cut of things or perhaps expecting to dictate the terms of the deal.
Eminent Domian <> seizure of the property
What is Eminent Domain
Eminent domain refers to the power possessed by the state over all property within the state, specifically its power to appropriate property for a public use. In some jurisdictions, the state delegates eminent domain power to certain public and private companies, typically utilities, such that they can bring eminent domain actions to run telephone, power, water, or gas lines. In most countries, including the United States under the Fifth Amendment to the Cons ution, the owner of any appropriated land is en led to reasonable compensation, usually defined as the fair market value of the property. Proceedings to take land under eminent domain are typically referred to as "condemnation" proceedings.
It's their property, ex. They obviously have an interest in not getting screwed, especially by Toyota and its puppet the City of San Antonio.
Real estate valuation is an art, not a science. Raw land is also much more difficult to value than developed property. It's not hard to see the City of SA use eminent domain to screw them out of full value for the property. For what? An essential public project such as a road?
No, to give more handouts to Toyota.
Continue to google, you might find something I don't know.
I already have.Continue to google, you might find something I don't know.
eminent domain <> seizure of property.
You're welcome.
That's not exactly what I am arguing.
Do you really think they are likely to get more from a valuation conducted in the course of legal proceedings than in an actual deal? How about tax implications?
It's not the same. I know you saw "fair market value" and assumed it would be.
I'm sure the Native Americans feel they received a fair deal for their land. All in the name of American progress.
This is why Real Estate is a sound investment. If the Millers really did buy that land 50 years ago then hats off. Who in the knew 50 years later their would be a toyota plant there. Please!!! You know people bought friggin desert here 40 years ago for a couple of thousand dollars and when casinos started expanding these people made millions from selling an acre or two. What is the difference.It was a wise investment 50 years ago and it's finally paying off.
What the does any of this matter? Bill Miller can afford to pay a few lawyers, and get fair compensation. He's far better off than if this were people living in the barrios (tenants are the worst off when it comes to these things.) So what does this matter. These things always get settled one way or another. The Government rarely if ever has to claim eminent domain, usually a settlement can be reached. There is no need to boycott Bill Miller, thats just plain stupid. The government has all the ability it needs to obtain that land if it deems it necessary.
What is this "necessary" for, exactly? Other than, of course, to give more to poor Toyota?
How is the compensation going to be "fair"? The Miller family is forced to sell today. The value of raw land lies in the optionality inherent in its potential uses. One can easily see that a valuation today would not accurately assess that value.
...are there according to the terms of their leases. What you mean are lower and middle class homeowners.tenants
Do you even disagree with me?
Yeah it's called the IRSThe government has all the ability it needs to obtain that land if it deems it necessary.
Um, yeah. You claimed that a property owner could not be screwed in condemnation proceedings. Regardless of the quality of their legal representation that is a distinct possibility.
I did not. I said they could be screwed especially those without the ability to hire a lawyer. I said I wasn't worried about the Millers getting screwed in this case because they would get good representation.
BTW this is an entirely different thing from, and it has absolutely nothing to do with, condemnation proceedings.
So it was irrelevant to the point at hand. Great.
if toyota wants the land a certain way so damn badly, why can't they simply buy it
:Q
coorporate welfare alright.
doesn't toyota have enough money desperado/
man, screw you people who sit there and try to decide who has enough money and who does not.
I haven't really addressed that issue Manny, and it is a very important one. I was merely looking at this from a government/asinine boycott standpoint. I don't think the government should have to step in, except as a possible arbiter.
Part of the problem is that the land is essentially worthless until Toyota wanted it. The value is therefore contingent upon their need for it. They therefore get to assess fair value to a point. But that doesn't mean the government should step in and enforce that price. Somewhere along the lines the city government will make a judgment call on public good vs. property rights. And hopefully a fair market value will be assessed to a property based upon the value of surrounding developed property. (thats usually how the price is determined.)
thats bull man.
you are eating into the profits of citizens for no good reason.
and you obviously don't have all the information [i don't mean that in a mean way], but it's the city's fault to begin with for making these promises to toyota without having it worked out.
you know, when the city was making concessions for the pga village, the same people that are arguing for concessions for toyota were screaming bloody murder.
the simple fact is that there are groups of people in san antonio that think they know what is best for everyone else. they don't want you to have the right to make your own decisions and either reap the rewards or suffer the consequences, they want to have the right to decided what is acceptable for you.
Chill out Manny...This is something that happens all the time. And over the course of history, the courts have managed to arbitrate most emminent domain cases with extreme care for civil liberties. I know my Aunt and Uncle went through this with their land in New Mexico. There are two sides to this argument, and both have a very legitimate argument. I am not siding with the governments right to take someones land or the right to property. Just that these things have been almost always decided fairly without emminent domain coming into play at all.
i hate these groups that get people riled up for uniformed actions like this so called boycott and the actions against the pga village.
from what i can tell however, it's backfiring. the millers are a great san antonio family and many people in this city recognize that over tracey bogarts ridiculous antics.
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