A 25-Inch Plot of Land in Greenwich Village Embodied ‘a Resistance’
nytimes.com
nytimes.com
So, I claim the title is click-bait. :)
Clickbait is HN’s ‘FUD’.
There’s been an overreaction to a real issue and I just wanted to add my worthless opinion.
In fact, private land can only exist thanks to the threat of violence against those who would use it outside of the "owner's" intent.
Kinda like what makes your wallet 'yours'.
The key difference, though, is that my wallet is unlikely to be directly useful for the creation of a public good. Some portion of the contents are frequently used to that end though.
I hardly think the United States in unique in that respect - just that it perhaps happened more recently than a lot of other places.
- Purchased from a tribe that didn't have credible control over the area
followed by
- 20 years of skirmishes/wars with the tribe that actually controlled the area.
Every year I give financial support to civil liberty organizations such as the Institute for Justice (https://ij.org) and the Pacific Legal Foundation (https://pacificlegal.org). Because, after you demonize certain people as a justification for treating them any way you want, you find some of them aren't really that bad and are just trying to protect what they worked hard to get in the first place.
So, rather than try to fire up the mobs with appeals to emotion, I'd much rather fund those organizations which are fighting for individual rights in the courts and with the law.
> And then a surveyor made a mistake. Somehow, after the distances and angles were calculated and recorded on the tax roll, the Voorhis lot did not disappear completely, as the city expected it to. The tiny triangle survived.
> “Some versions of the story say it was overlooked by the city,” Mr. Berman said. “Others say the Hess estate refused to give up the property from the beginning. From most of the writing I’ve seen about it, it seems that it was a mistake on the city’s part that the city tried to correct” by asking the Hesses simply to donate the triangle.
The plaque embodies a surveyor's mistake. The plot is what remains after the city already took the land for public purposes. It's existence has not affected mass transit at all.
I'm sure someone else has thought of this... anyone know of something like this, or other solutions to this problem?
Hypothetically, you can afford to pay taxes on a 100k property and it bumps to 1 million. Well now you have 900k worth of equity to pay the difference.
A 30 year mortgage won't cover itself more than 15 years or so because you have to pay interest. Add to that the tax you already can't afford and all you've done is trade your property for 10 years of renting it from the bank.
Unless you have some external income or personal budget to cut so as to cover the difference then taxes can absolutely force you from a property you own.
Look into Reverse mortgage to check the math. But, again this is not the full property tax rate just the percentage you can’t afford based on an increase in value.
So, sell and make a lot of money today, or stay for another 30 ish years really seems to cover just about everyone.