>Despite the immense pressure to 'sell up and get out' from developers, a Sydney family has refused to give up their beloved property. >There's a sprawling housing development located near The Ponds and there are loads of homes side-by-side that all look similar. >However, there is one home that has a humungous stretch of land, which was worth around $50 million when the developers came knocking. >The northwest property sits on a giant two-hectare strip and the owners have more than their share of a backyard room, and we can't help but think that barbecues at their place would go off.
50 million dollars is nothing though. After tax that can only buy a few houses
Sebastian Morris
>reject double or triple value of your home >suburban houses surrounding your home >house value drops hugely Financially stupid but I guess some people have no price on their home. If that was in other countries they would have been forces to sell.
Isaac Ross
>he has to pay taxes after selling non-investment property What the fuck
Jackson Moore
All the developers need is a few friends in the city council and that land gets expropriated, probably at a value below market
Tyler Ward
This is the most Anglo shit I have ever seen. DR. Horton style plywood shack conglomerates get pissed at GigaAnglo for retaining a two-hectare lawn. Strangely this feature sets this sprawl apart as "unique" compared to thousands.
Imagine all the insects moving into those surrounding burbpods and having to see the king family in their unique house with a football field backyard
Jonathan Nguyen
based beyond human comprehension
Brandon Russell
why wouldn't it be allowed? Developers do not have eminent domain. Only railroads, marine ports and the government has that. Do europeans really deny people property rights just for subdivisions? Americans like subdivisions, but the point of subdivisions is to enshrine private property not destroy it. Developers have to work around other owners that won't sell, which is how things like Silicon Valley exist where there's Sneed tier seed supply stores and biker bars adjacent techie condos.
Nathaniel Price
>Do europeans really deny people property rights just for subdivisions? who told you that? you can only expropriate in very select cases such as roads, utility infrastructure and the ones you mentioned.
Easton James
Based, fuck (((developers)))
Thomas Bailey
>Have a gigantic garden >Just have it as one huge lawn
Why are desert yanks like this?
Isaac Lewis
>If that was in other countries they would have been forces to sell. not here afaik
Angel Perry
>If that was in other countries they would have been forces to sell. how cold and capitalist.
Robert Murphy
Tbh I'd take the 50 million but there is something unfathomably based about having a mansion in the middle of suburbs that a developer really wants. It's just dabbing on them and all of your neighbours
Jordan Gutierrez
>Forced to sell >Forced >To sell What kind of backwards third world shithole do you live in where the state can legally compel someone to sell their property against their will?
Samuel Parker
It happens in America too idiot
You call it eminent domain
Jack Torres
yes, but ED rights are hard to get and are generally limited to the government, ports, and railroads. Unless you live within 100 feet of a railroad or in the way of a future freeway, you will never ever ever ever ever ever (ever) have your property taken away.
Austin Turner
Ask American farmers and find out.
Ryder Garcia
Its not taken away, you are compensated for it above market value. Why do americans tend to use hyperbole and straight up lie when they dont like something?
Samuel Taylor
Ask the native Americans...
Ryan Cruz
American farmers are the developers. Where else do you think developers get their startup capital, construction equipment and workforces? Do you really think any farmer, ever, needed to be forced to subdivide his property and pocket tens of millions of dollars?
if I want my land it's still stealing even if they gave me 100 milion dollars for a shit hut on podzol
Joshua Thomas
Yes. The railroad is required to compensate you as is the state DOT. But again, in order to be granted the right to take your property regardless of compensation level (this latter part is actually a separate lawsuit) a compelling public interest in granting Eniment Domain rights must first be established. This is restricted to pretty much just railroads and the DOT. So if you don't live within 100' of a railroad or in the way of a future freeway, ED rights are effectively impossible to grant and only happen rarely. Since the EPA was created, every ED attempt takes at least 2-3 years of lawsuits as the EPA's laws prohibit ED projects from being environmentally harmful.
Charles Powell
why do you think that's wildly different from other countries?
Wyatt Morgan
No matter what America does it always respects freedom.
Charles Lewis
The way OP worded his comment implies otherwise. A property developer, Amazon, Walmart etc can't force people to sell so they can build something else there.
