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Technorati is indexing me again! They had to make a code change to fix the problem with my blog getting stuck in their queue. Kudos to Eric M. and the guys at GetSatisfaction.com where they have "community powered support for Technorati".
Well, they're "sorta, kinda" indexing me anyway. It's on a 24 hour tape delay or something. So I never get picked up by Memeorandum because they pull from Technorati and Technorati has stuff I posted yesterday listed as my latest blog entry. And that's old news to Memeorandum.
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The first law of real estate is "Location, Location, Location."
Except, apparently, in New Jersey. Our activist Supreme Court has decided an ocean view isn't actually worth anything.
Oceanfront homeowners can't get paid for their lost view if a piece of their property is seized for a dune construction project, the state Supreme Court ruled today.
The ruling by the state's highest court is a win for communities worried they would have gone broke trying to pay their share of dune construction by having to compensate the homeowners sometimes hundreds of thousands of dollars for the strips of land needed for the projects.
Under current eminent domain laws, homeowners are allowed to recoup money for the negative effects a beach replenishment project may have on the value of their property.
So you pay millions for an oceanfront beach house. Your property taxes reflect the value of your house's location. But when the town decides to seize the beach in front of your house, suddenly the location of your house is irrelevant! Land is land, and swamp land next to the garbage dump is now just as valuable as that oceanfront beach.
Yeah, that makes sense.
The towns argued they couldn't afford to adequately compensate homeowners for their lost ocean views. Who here wants to believe the towns won't turn on a dime and claim oceanfront property is always inherently more valuable the minute a homeowner tries to appeal his property tax assessment?
Yeah, me neither. They'll gleefully tax you on the value of that ocean view.
They just don't have to pay you for obstructing it.
And get this. Some views are worth protecting. The view of The Palisades for instance.
The view of the Palisades, just north of the George Washington Bridge, is a breathtaking panorama, a visual respite from the over-development that has plagued both sides of the Hudson River.
That's why passions are running high about the new corporate headquarters of LG Electronics in Englewood Cliffs. The current plan for the $300 million building would see it rise to 143 feet, twice the height of the existing Palisades tree line, forever changing the landscape. Environmentalists and politicians on both sides of the Hudson have weighed in against the current design, including four New Jersey governors.
I think my hypocrisy meter just maxed out at 11.
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