Quote:
Originally Posted by wifi
Lots of waterfront people bought their property with the expectation of using their land like everyone else has for decades. Now the state comes along and makes rules preventing people from using this property, that they have already purchased with prior reasonable expectations, without compensating said people....
Sounds like these 'said people' are not only getting screwed, but this 'expectation' is no longer valid, meaning their property is worth a LOT less should they try to sell or be forced to sell or can't afford to sit back and wait for the boat to right itself.
Another arrow in the side of the regional economy.
|
This is a great climax after the already wonderful "View Tax" that some have been assessed for. I heard a story about a parcel in the Pittsburg area that the town or state nailed the owner with a $6k tax increase for a view tax on an undeveloped lot.