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Real Estate
Reply to "Airplane noise concerns overblown?"
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[quote=Anonymous]More recently, Los Angeles bought properties from the owners (because over time very few people would buy there). There’s no big city with big pockets here, so caveat emptor and don’t fall for the slick real estate agent mocking you for being “mentally ill” or “hypersensitive” for not wanting to die years early or get a chronic disease or endure AirBuses substituting for the alarm clocks “In 2000, the city established the "Voluntary Residential Acquisition and Relocation Program" for the neighborhoods of Manchester Square and Belford. According to the city, this program was created in response to residents who expressed a desire to relocate rather than to submit their homes to city-funded soundproofing as mitigation for the noise associated with the airport. By 2009, the city had spent several hundred million dollars… Unlike the majority of the property owners in Manchester Square and Belford, plaintiffs in the 2011 lawsuit—including owners of rental properties within the neighborhoods—chose not to sell. Yet, as more and more buildings were demolished by the city, the number of renters in plaintiffs' properties continued to decrease as the neighborhood presumably became less appealing socially and aesthetically. Instead of selling their properties, plaintiffs brought suit against the city claiming inverse condemnation: the city's program, they claimed, devalued their property but offered no compensation. Contrary to plaintiffs' implications, the city's program was voluntary, and plaintiffs presented no evidence that any former owner felt coerced to sell their property to the city. The "blight" that emerged was therefore the result of voluntary actions which, though possibly detrimental to the remaining owners, were not directly influenced by the city. Under these facts, the court held that the city acted properly in acquiring and demolishing the properties, and plaintiffs were not entitled to compensation." [/quote]
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