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by robnado
714 days ago
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Reasonable parties would have found a way to come to an amicable agreement that wouldn’t have destroyed hundreds of thousands of dollars of value, like exchanging lands and offering compensation. Edit: changed dollar value, thanks Ballas for correcting me |
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Did you see the photo? It’s a small house that definitely did not cost “millions” to build. The $5 million is in the lot, which they were trying to take from her via courts.
The value of the lot comes from the location and the view, which are not easily replaceable in a place like Hawaii, even from one adjacent lot to the next. I bet the house could be destroyed with negligible change of the value of the property, if any at all. So nobody is destroying “millions of dollars of value” in this situation.
Regardless, can you imagine the implications if a developer could just build on whatever lot they wanted and then the owner had to be forced to accept some other land in exchange? If that was true, I guarantee a lot of other developers would start “accidentally” building on nicer lots too.