Quote:
Originally Posted by Bryan
Since our court systems move at somewhere around the speed of smell, it will be many (many, many?) years before this is all settled.
If the "officials" of the various CDD's let themselves be taken to the cleaners so badly on the sale of these facilities and if the appraised value was "fixed" as alleged, doesn't that imply some malfeasance on their part and can't they be sued and held personally liable? I would hope one of our watchdog organizations such as the POA would be looking into that and getting positioned to launch suits and publicity galore.  |
Key to the entire story are the appraisals of the properties, and the insinuation that they are way out of line.
If we are to look at properties in 2009 at 2009 values, the numbers obviously are going to be different than 2002-2003 time frames. In the 2002-2003 time, many properties doubled and tripled in value compared to their 1997 valuations. That happened to me with house(s) I had back then, and do I still remember the sticker-shock of that house in DC I bought in 2004 (compared to it's 1998-build price, according to the state assessors books). The previous owner made a killing on the DC house, and I just sold it at a significant loss - but, those things happen.
If there was anything crooked happening back then, it will come out, but that's a mighty big IF. Reputations are now tarnished based on the "my opinion" and negative slanting, and should everything prove to be up-and-up (which is what usually is the case), what do you think then odds are of Ms. Ritchie and The Sentinel publishing a three-day, same-size column retraction?
Sensationalism, snide insinuations, fear-mongering - all adds up to unbridled gossiping. Makes the supermarket tabloids look pretty good in comparison.