There's a lot of people who would disagree with you. They are called libertarians. What matters first and foremost is freedom - individual freedoms should not be overridden for the sake of improving society.
There's a lot of people who would disagree with you. They are called libertarians. What matters first and foremost is freedom - individual freedoms should not be overridden for the sake of improving society.
Similarly, easements don't go away when they change buyers. For example, if you own a landlocked property, and you have an easement with your neighbor that allows you to drive across his property on his private road to reach yours, and then the neighbor sells his property, you can still use that road - the new owner cannot say "tough luck."
All that's going on here is that cabbies made a bad investment and are losing. Sorry, but if you're tying up 90% of your wealth in a single asset, the value of which is 100% dependent on fickle regulation, and you didn't see this coming a few years ago, I don't have much sympathy. No prudent financial adviser would recommend this, and further, if you were so exposed, you should've been paying attention to what's happened in the industry over the past, I don't know, 8 years?