Posts Tagged ‘Richmond’

Does Option Theory Validate The Richmond Eminent Domain Plan

Matt Levine has an interesting take on the Richmond, California eminent domain spat. He uses the conventional model which is floating around of a $300,000 mortgage on a house worth $200,000 and asks the question, “What’s the mortgage worth.” If it’s $300,000 as the mortgage owners contend then assuming they can take it via eminent [...]

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