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 […]
Posts Tagged ‘Richmond’
Does Option Theory Validate The Richmond Eminent Domain Plan
Posted by Tom Lindmark on August 9th, 2013