Tuesday, March 02, 2010

A good read

For my home hunting friends out there. A good blog entry.

...the passing of the Land Acquisition Act in 1966 which allowed the government to buy land as cheaply as $1 in the name of national development. The forcible acquisition of land at dirt cheap prices is normally referred to as expropriation in other countries and is normally illegal too.
National development came as a price to many who gave up land forcibly in the name for the greater good only to find that the monies profited went to far fewer than expected.