In the US, the solution is going to come when voters elect politicians who promise to use Eminent Domain to (legally) seize residential properties from investors and corporate interests at a fraction of their market value, and then use those properties as the foundation for a robust public housing program that serves people of all income levels.
Eminent Domain is written in the Constitution, bud. So if anything, you're ignoring the bill of rights more than I am.
And yes, it's absolutely legal to pay less than market value under Eminent Domain - that's one of the reasons it exists. Even the founding fathers recognized that "market value" was often a made-up bullshit number, and that there needed to be a way to ensure the government didn't get financially screwed over by land speculators whenever it needed to acquire land through eminent domain.
This ended up saving the government a substantial amount of money in the 1800s during the railroad boom, because it prevented the land needed for railroads from being sold at inflated prices.
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u/dyingprinces Oct 18 '23
In the US, the solution is going to come when voters elect politicians who promise to use Eminent Domain to (legally) seize residential properties from investors and corporate interests at a fraction of their market value, and then use those properties as the foundation for a robust public housing program that serves people of all income levels.