If you have an investment in a home, near where the choo choo train might, in 20-40 years be built, you will learn you can not sell the place or get a loan to fix the house—thanks to Arnold and Jerry government, not the free market will determine the value. Government may buy your house—the worse thing for thousands homeowners, is that the government will NOT buy the home—but devalue it by by being near or next to the tracks!
Why is California in a Depression? Look at Arnold and Jerry.
“One councilmember says that “houses that are in the path are kind of being held hostage … If they want to sell their home this is hanging over them.” The exact route through Santa Clarita hasn’t been hammered out, but one potential option would affect 23 houses, a church, and two schools; another route would closely follow Metrolink tracks and have fewer impacts.”
See the full story by clicking on the blue headline
Bullet Train Could be a Problem For Santa Clarita Home Sales
by Neal Broverman, LA Curbed, 5/13/13
The Southland Regional Association of Realtors recently held a meeting where Santa Clarita-area agents were told they must inform prospective buyers about the California high-speed rail project if the house they’re selling is along the planned route-though it could be decades before the train is operating in the area-the Santa Clarita Valley Signal reports. The train could bring down values, since Santa Clarita will host tracks but won’t have a station itself (the nearest will be in Sylmar).
One councilmember says that “houses that are in the path are kind of being held hostage … If they want to sell their home this is hanging over them.” The exact route through Santa Clarita hasn’t been hammered out, but one potential option would affect 23 houses, a church, and two schools; another route would closely follow Metrolink tracks and have fewer impacts. Either way, some locals want the train put underground in the city, even though a study during the environmental review process found no rationale for that. In late February, city officials met with members of the California High-Speed Rail Authority and expressed renewed optimism that a tunnel wasn’t out of the question.
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