Quote:
Originally Posted by Easy
The plot of half of all western movies is greedy private land barons (often railroads) stealing and forcing the sale of private land in advance of huge land value increases due to upcoming rail stations. It feels wrong that the state of Texas and Texas courts have validated that as legal and proper. They are authorizing private land being forced to sell at what they ultimately know will be a discount so that it can later be sold at huge profits and finance the construction of the railroad.
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Most of those western movies were based on fiction, not historic facts.
You also have no idea how the State of Texas handles eminent domain cases.
Local State Districts Courts will determine the fair value for the land being taken if the two parties can not reach an agreement.
Some rich landowners will delay and take their cases to court, but most landowners will settle upon an agreed fair price. And in most cases, the agreed fair price will be based upon what similar lands have been sold at in recent years, just like any other real estate deal.
No land owner will get ripped off, and neither would Texas Central.
The larger rip off in real estate is the government acquiring your land if you fail to pay your taxes, then selling it off to whatever the highest bidder is that day.