Homeowner lost after police destroyed home...

[DLS]

I just got a PM saying even if he got 300K that's not enough to buy a house in California. Perhaps but that is not what is happening here, it's rebuilding a structure.

The land (and it's value) is still intact. All the dirt work, utilities, hard surfaces is intact. The foundation was intact. The platting fees, survey fees, public hearing fees related to the subdivision and the like are already paid. The initial permitting fees that included things like access to sewer, traffic impact fees, etc. etc. etc. (a huge cost by the way) has been paid and does not need to be repaid. The only permit fees would be akin to that one gets during a remodel.

Probably at least half the value in a finished home is reflected it the costs listed above. Depending on the cost of land, that percentage can be much higher than half.

The only costs we are looking at are remediation costs (clean up, hazmat disposal etc.) and rebuilding the structure. 300K+ can get you quite a structure.

 

[mkwerx]

Crummy sitch all around

Land owner shouldn't expect the city to pay for a brand new house that he chose to demo and rebuild.

Criminal needs hung by the neck for his actions.

Cops should have evacuated the neighborhood and called in an air strike, and a couple F18's could drop a few JDAMs on the place just to be sure...

 

[Jcon268]

It seems excessive on all ends. Not only the action of the police but also the homeowner being overly opportunistic in his approach to rebuilding his home. I'd like to see a good picture of what his home looks like after the rebuild.