mls wizard value wizard featured listings contact
Jun
6


Eminent Domain Issues in Long Beach California-Proposition 99

1 Comment »


Eminent Domain

PROPOSITION 99 PASSED

 

How does that affect your Long Beach Homes? 

IT PREVENTS THE GOVERNMENT FROM TAKING YOUR OWNER OCCUPIED LONG BEACH HOMES ONLY!  (If they have been occupied for 1 year)

 

 

Eminent Domain is the inherent power of the state to seize a citizen’s private property, expropriate property, or rights in property, without the owner’s consent. The property is taken either for government use or by delegation to third parties who will devote it to “public use or civic” or in some cases, economic development. The most common uses of property taken by eminent domain are public utilities, highways, and railroads. Some states require that the government body offer to purchase the property before resorting to the use of eminent domain.

Definition is Compliments of Wikipedia

Fight Eminent Domain Changes in Long Beach California

 

 

When the City of Long Beach, the County of Los Angeles, the State of California or the Federal Government is allowed to take private property and in turn sell or lease that land to a developer then the premis of land ownership in this country is over as we now know it!

 

I happen to know quite a bit about eminent domain and have witnessed attempts at using ‘the threat of it’ to attempt to fleece business owners, landlords and home owners in Long Beach of their homes and businesses for less than the appropriate market value.

 

You really have to think about this for a minute.  IF a City has a specific area they want to take under eminent domain to sell or lease to a developer it would be years in the planning.  What would stop them from purchasing some similar land around the planned development (PD) area and selling it for a song and a dance just to depreciate the value of the land to be taken under eminent domain when it is appraised for fair market value? That would decrease the amount paid to the home or business owners for their properties.  Then they could easily turn around re-zone the land, increase it’s value and sell or long term lease it to developers for full value.  Remember they also control the zoning laws!

 

Fair market value is the price that government agencies are required to pay when property is taken under eminent domain laws. Appraisers determine fair market value.  What do you do if the fair market value has been tinkered with? 


Now if you don’t believe that eminient domain laws haven’t been violated all over this country, lets consider our incumbent President George Bush’s tenure as the illustrious Governor of Texas.  If the American public actually did a little reading on people before they cast their votes he may not hold that position. 

 

I am going to have you read for yourself.  Go ahead and put this into the Google search engine and start reading:  George Bush, eminent domain, Texas


Proposition 99 supposedly prevents governing agencies from taking an owner occupied home (occupied for at least 1 year) to transfer to a private developer.  Proposition 99 is seemingly simple and straighforward and seems to be in the best interest of all homeowners. 

 

Proposition 99 does not protect tenant occupied homes, apartment buildings or businesses which still could be deemed blighted and taken.  This is a rather large issue here in Long Beach where much of our properties are tenant occupied.  How many businesses actually own the building they occupy?  Few! 

 

More than half of Long Beach CA is zoned as redevelopment areas which means that the city can now declare them to be blighted areas and take them through the use of eminent domain. 

 

 

Do you own Long Beach Real Estate? Are you just a little worried?

 

 


Laurie Manny
Long Beach Realtor (562) 212-5420

\"\"

Main Street Realtors Belmont Heights 244 Redondo Avenue Long Beach California 90803

\"\"

Long Beach Real Estate BlogLong Beach Real Estate Website

\"\"

\"\"

\"\"

Eminent Domain Issues in Long Beach California-Proposition 99
Posted on June 6, 2008 by Laurie Manny

One Comment »

  • marilyn arvizo [Visitor] said:

    do you know that the long beach redevelopment agency has sent letters to those of us in n. long beach
    that there is a meeting or two which will be to amend the agency’s ability to use eminent domain in order
    to aquire our properties…..september 15 and 16 and what chance do we have with the laws they way they
    are?  marilyn arvizo

Leave your response!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.

Like What You're Reading?

Enter your email below to subscribe to future news

 Or subscribe with a reader


Local Info

 
 

Syndicate this blog

 



Most Popular




Laurie Manny

\"\"

Main Street Realtors
Belmont Heights
244 Redondo Avenue
Long Beach California 90803

Lic.#01321200

.

(562) 212-5420


Contact Laurie

Long Beach Real Estate Blog

\"\"


\"\"


Long Beach Condo Buyers Beware

The condo market in Long Beach, and nationwide, may be in for a few rather large shockers which could rattle more than a few cages.  We have already come across several HOA\'s in, or very near, serious financial jeopardy.

Read More>>>


Buying Fixer Upper Homes in Long Beach

Many buyers who are searching for homes in Long Beach express interest in purchasing a \"fixer upper\" . It is always interesting to hear what their idea of a \"fixer upper\" is. There are so many levels of fixer upper it is necessary to clarify what the buyer has in mind.

Read More>>>


Buying Long Beach Homes

Issues for the \"First Time Home Buyer\"

With so many Long Beach homes on the market at affordable prices one would think it should be really easy to find a home and get a great deal. So why are so many first time buyers having trouble finding a home that suits their needs at a price they can afford?

Read More>>>


FHA Loan Limits

FHA loans are available to a maximum loan of $729,750 with a minimum 3 to 3.5% down payment until January 1, 2009 when they are currently scheduled to drop the maximum loan amount to $625,000, this could change.

Current FHA Lending Limits for LOS ANGELES COUNTY (LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN AREAS):

  • Single Family Home or Condo : $729,750
  • Duplex : $934,200
  • Tri-plex : $1,129,250
  • Four-Plex : $1,403,400


7 Steps to Pre-Home Purchase Preparedness

    1-Choose a Lender 2-Checking Credit Scores Prior to Starting the Purchase 3-Be Pre-approved Prior to Searching 4-Have A Solid Financial Plan 5-Insist on a Lock-In Letter 6-Demand a Loan Commitment 7-Waiting to Sell Your Home

Read More>>>


Long Beach California is Best Neighborhood for Walking

One of the most appealing draws to living in Long Beach California is the walkability of many of our local neighborhoods.

Long Beach California has been ranked as the 8th Most Walkable Neighborhood!

Read More>>>


Relocating to Long Beach California?

If you are relocating to Long Beach California you will need lots of information. You will be curious to know about Long Beach communities , neighborhoods and resources . We have tried to include as many area resources as possible here to make your transition a smooth one.

Read More>>>>