Sunday, November 22, 2015

A Case of Out and Out Extortion by the Palo Alto Government

2 comments:

  1. And that, ladies and gentlemen, is why you do not do business in the Soviet Republic of Kalifornia.

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  2. "Santa Clara County Supervisor Joe Simitian, who spearheaded an effort that so far has earmarked $29 million in affordable housing funds to buy the park and keep it open, has heard from critics who consider that price too steep for Buena Vista's somewhat ramshackle homes."

    "He estimates the market value of their home at $200,000, but says the park's owners offered only $29,000 for it."

    Seems like people are having trouble separating the value of the land and the mobile homes. How does it make any sense to provide 29$ million dollars to just 400 people?

    I also noticed very few articles talk about contract and legal issues. Their too busy writing about the millionaires that live across the street and how bad the schools are where these residents would likely end up. As far as I can tell, CA law only requires park owners provide relocation funds to residences. 8$ million divided by 115 owners =~ 70,000$. You could sell your mobile home and buy a brand new double wide for that.

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