there's no doubt that edge lane needs sorting out and i am glad they're doing it. if you've ever been near there in rush hour you know what i mean.
the thing that i don't agree with is the way compulsory purchase orders affect the families who live in the targeted houses for demolition. the problems affect home owners predominantly in such a way that i can't actually believe the process is legal but it is.
div>
apart from the obvious stress of having to uproot and move away from the area you may have lived in for years the real stress comes when you see how much they actually say your house is worth which is certainly not funny. they offer you what the house is worth. but what they don't say is that you get what your house is worth
AFTER the compulsory purchase order has been served and not before. now if you've got half a brain it's not difficult to work out that you wont get a lot for a house thats earmarked for demolition. it's not exactly a star buy for anyone looking to invest in propertly is it?
you might think I'm making this up, but this is how it's done and it's perfectly legal for them to take a house off a retired couple for example, who's paid their mortgage off and who's house is worth 200k and give them 50k and tell them to go and rent somewhere. they're too old to get a mortgage and didn't really need to pay rent as they worked all their lives to buy their house outright.
this is how it works unfortunately so i fully understand why residents are upset.
people should get fully compensated and should not be left worse off but there will be a lot of people who will be worse off.
Bookmarks