Author Topic: Kelo to be applied to home mortgages?  (Read 713 times)

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Offline BMG

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Kelo to be applied to home mortgages?
« on: July 06, 2012, 01:36:54 PM »
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If one wanted to craft a strategy to make the home-mortgage market even less stable, increase already-unsustainable public debt, and erode private property rights even further than we have already seen, it would be hard to top a new idea from California, of all places.  Two cities have fashioned a plan to use eminent domain not to seize real estate, but to seize the mortgages on them.  Call this … Kelo meets Hugo Chavez:

Oh great...

...so what to expect with this? Well, how about a total collapse of the housing market as a direct result? Good grief these people are absolutely evil SOBs.
“The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government.” 
- Patrick Henry

"The more corrupt the state, the more it legislates."
- Tacitus

Online Pandora

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Re: Kelo to be applied to home mortgages?
« Reply #1 on: July 06, 2012, 01:39:55 PM »
Events are continuing to escalate.  Expect worse.
"Under certain circumstances, profanity provides a relief denied even to prayer." - Mark Twain

"Let us assume for the moment everything you say about me is true. That just makes your problem bigger, doesn't it?"

Offline Weisshaupt

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Re: Kelo to be applied to home mortgages?
« Reply #2 on: July 06, 2012, 02:05:13 PM »
Events are continuing to escalate.  Expect worse.

Things are never good when the best case scenario involves a civil war..