i actually like that rio rancho isnt stuffed with houses. i like seeing and being around the mesa just being a few minutes away from my home. having lived in a huge city for 9 years i really like the space rio rancho gives
People bought land for whatever reason. It is theirs; in my opinion it is subject to the terms at the time it was purchased. the City Collects Taxes on it. As long as it stays undeveloped it is getting nothing in return. Immenent Doamin should NOT Enrich developers!
How did it go? Did he convince anyone that the government can just make you move because some contractors "need" your land to finish their dream. Contractors get stupid rich and the land owner gets hosed...
CLOWNS - Keep your single acres, keep paying property taxes - developers will develop everything around you, rendering your property almost worthless. It's 2022 now - how much is it worth now? LOL
They don't need to use eminent domain to buy land. The way a development works is the company buys the land $x per acre, develops at for a cost of $x per acre, to invest $2x per acre and then sell it for $5x per acre. This is because the going rate for undeveloped land is a fraction of the developed land. If the property either side is developed then what would've been $x per acre is now worth $2x per acre. All the company needs to do is to offer well above going rate for undeveloped land, and the people will sell it. Eminent domain was initially created for essential government operated utilities and the like, not for some developer to make millions of dollars of profit.
