Let’s say that you buy a home in cash and have 100% paid off. Could you still lose it somehow?

  • captainlezbian@lemmy.world
    273·
    1 year ago

    Theoretically eminent domain still exists but it’s only used to replace black neighborhoods with highways

    • grue@lemmy.worldEnglish
      28·
      1 year ago

      Not true! It’s also used to seize property from existing owners in order to hand it off to private developers (see Kelo v. New London).

      • captainlezbian@lemmy.world
        16·
        1 year ago

        But when we want passenger rail we have to buy the land at full price as set by the landowner no matter how much they’re gouging

    • unoriginalsin@lemmy.worldAfaraf
      1·
      1 year ago

      That’s not so much losing your home as it is having it forcibly purchased from you at a fair market price. At least in theory.