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To: paret who wrote (990)10/2/2005 2:48:37 PM
From: Rande Is  Respond to of 1118
 
These small towns that have everything to lose from speculation might consider revising zoning laws on all homes that change hands. Properties changing hands might require new standards on septic, sewer, water, etc. and require all new maps, surveying, geophysical engineering, structural inspections, electrical inspections, plumbing inspections, you name it. About $50,000 should do it. That would put the brakes on anyone wishing to cash in from speculation by buying and selling. It would also cause banks to think twice before foreclosing.

I've seen something similar to this done, and it really causes speculators to think twice. Families with a long history in the area are usually able to get around such laws anyway. There can be an appeal process as well. Community leaders should consider whether or not they WANT their neighborhoods to change ownership so dramatically. It really is their decision to make. The people who are displaced are the ones who have paid the taxes to build these communities in the first place. They should be the ones to decide what happens within the communities in which they have resided for so long.

Some things are not only about money. Realtors won't like it, but so what.