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13 March, 2007

Subsidence?

Imagine you own a small amount of land, just enough for an individual two-storey house.  Imagine a developer buys up all the surrounding land and wants to buy yours for the construction of a shopping centre and apartment complex.  Imagine you ask for a lot of money, presuming the developer can't avoid paying.

Imagine the developer calls your bluff.

After the initial amusement, I'm not sure how I feel about this. I don't like the idea of an individual being forced to sell for a commercial development (I might regard a government project differently), but it doesn't seem the owner was unwilling to sell on principle, merely greedy, so the response may have been deserved.

[Via BoingBoing.]


[Update: The story seems to have been misreported intitially, and it seems the owner was motivated by principle, not money, after all. Apologies for propagating the error. Further details.]

[Update 03/04/07: The 'nail house' has gone.]

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