Re:Columbia University vs the little guy
by anamax on Friday December 17, 2010 @12:25PM
(#2016892)
> requires paying fair market value for any land taken
"fair market value" in this case does not mean "what the seller would take". It means "what the buyer thinks that the seller should take".
The seller will argue that a gas station isn't worth much, that a house in that area isn't worth much, etc. However, that land is clearly worth a lot more to the seller, so I'd argue that the "fair market value" is the value to the seller.
> anyone who gets in will be able to afford it regardless of their financial status.
"anyone who gets in" isn't "anyone" - it's folks selected by Columbia, which is a small fraction of "anyone".
For example, that "anyone" doesn't include significant numbers of folks from that neighborhood. You know, the folks who are being displaced....
"fair market value" in this case does not mean "what the seller would take". It means "what the buyer thinks that the seller should take".
The seller will argue that a gas station isn't worth much, that a house in that area isn't worth much, etc. However, that land is clearly worth a lot more to the seller, so I'd argue that the "fair market value" is the value to the seller.
> anyone who gets in will be able to afford it regardless of their financial status.
"anyone who gets in" isn't "anyone" - it's folks selected by Columbia, which is a small fraction of "anyone".
For example, that "anyone" doesn't include significant numbers of folks from that neighborhood. You know, the folks who are being displaced....