(Disclaimer: I work with Tina and can vouch for her character. The character assassination and racist comments leveled against her and her husband in other forums are dismaying.)
Couple that paid $90k for a private street in SF is forced to give it back
11–20 of 92 posts
Re: Couple that paid $90k for a private street in SF is forced to give it back
#12Re: Couple that paid $90k for a private street in SF is forced to give it back
#13This is the biggest takeaway for me: The couple didn't know what Presidio Terrace was when they bought it
Re: Couple that paid $90k for a private street in SF is forced to give it back
#14From a principled standpoint however, this appears to be a violation of property rights. It is highly unlikely that 'normal' people would've been able to reverse the transaction the way these residents did which makes me root for the clearly predatory real estate schemers.
There's no moral party here it's just a question of what type of society you want to live in. I'd rather have the laws apply uniformly regardless of wealth and political influence which led me to my decision.
Re: Couple that paid $90k for a private street in SF is forced to give it back
#15Boo-hoo. That couple deserves the social karma coming to them.
There was a process and the city followed it. Just because a group with wealth and power don't like that outcome doesn't mean it should be changed. They bought it fair and square and, to believe them because I have no reason not to, they didn't do ti with any sort of malice.
The suit against them by the homeowners seems entirely punitive and particularly harassing. Their issue is whether the city followed the process. If they are that concerned with fixing what is very obviously the screw up of an organization they fully own and run then they can pay to do so.
Re: Couple that paid $90k for a private street in SF is forced to give it back
#16Re: Couple that paid $90k for a private street in SF is forced to give it back
#17Re: Couple that paid $90k for a private street in SF is forced to give it back
#18What's really shocking is that the tax bill for a private street in one of the hottest property markets in the world is $14/year.
Re: Couple that paid $90k for a private street in SF is forced to give it back
#19Earlier quoted context omitted.
What's really shocking is that a "private street" is a thing.
I mean, if you own land, and a street is on it. It's private, yes?
Why I say it's not glamorous is because we have to come up with ~$100,000 in the next 10-15 years to do major pavement replacement (not resurfacing or sealcoating), because this street is not maintained by the county. For a small townhouse community that has not been properly saving for major capital expenses like this, this is not fun.
Re: Couple that paid $90k for a private street in SF is forced to give it back
#20It's not clear to me what they get out of owning the street (or is it just sidewalks?), and what the homeowners lose by not owning it.