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About this Page -- This is a discussion on Eminent domain being considered for California's mortgage mess.. within the forum Politics. http://www.nytimes.com/2012/07/15/us...pagewanted=all Desperate for a way out of a housing collapse that has crippled the region, officials in San Bernardino County, ...
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Old 07-16-2012, 09:12 AM   #1 (permalink)
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Eminent domain being considered for California's mortgage mess.
http://www.nytimes.com/2012/07/15/us...pagewanted=all


Desperate for a way out of a housing collapse that has crippled the region, officials in San Bernardino County, where Fontana is one of the largest cities, are exploring a drastic option — using eminent domain to buy up mortgages for homes that are underwater.
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Old 07-16-2012, 09:12 AM   #2 (permalink)
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What a colossally bad idea.
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Old 07-16-2012, 09:24 AM   #3 (permalink)
I don't think so!
 
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Think it would give incentive for lots of financial institutions to flee the area.
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