Quote:
Originally Posted by electricron
It does not matter if it is an urban or rural parcel of land, disputed prices for land are either negotiated between the parties involved, or in a Texas District court with an elected judge determining the fair market value for the parcel of land. Judges, like real estate agents and banks, look at the "comp", latest sale values of comparable properties, in the area to determine the fair market value.
Texas Central, or other eminent domain organizations, cannot force a undervalue sale any more than a local property owner can force a higher value upon Texas Central, etc.
That's the law in Texas and just about everywhere else in the USA. Stop nibbling on the foul bait participants put out for political tomfoolery.
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I'm not sure what you're getting at here. Somebody claimed that there is some sort of buy-low-sell-high switcheroo in the works. There isn't.
The sections of high speed passenger rail through rural areas far from stations do not improve the value of nearby land and arguably damage its value.