this post was submitted on 04 Dec 2023
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Let’s say that you buy a home in cash and have 100% paid off. Could you still lose it somehow?

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[–] captainlezbian@lemmy.world 24 points 11 months ago (2 children)

Theoretically eminent domain still exists but it’s only used to replace black neighborhoods with highways

[–] grue@lemmy.world 28 points 11 months ago* (last edited 11 months ago) (1 children)

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).

[–] captainlezbian@lemmy.world 16 points 11 months ago

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

[–] unoriginalsin@lemmy.world 1 points 11 months ago

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.