Denver acts stupidly: Forces single mom to sell home for less than value (but it’s not eminent domain)

Denver acts stupidly: Forces single mom to sell home for less than value (but it’s not eminent domain)

[Ed. – This is what ruling bureaucracies do.  It’s how they roll.  It’s why we’ve got to get rid of them.  Not a single one of them does us so much good that we need to waste time trying to separate “good” from “bad” results.  This is a case in which throwing the baby out with the bathwater is exactly what should be done.]

Unless, that is, you live in the wrong neighborhood in Denver:

Home sweet home is now bittersweet home for Cynthia Lopez. …

Just a few months ago, Lopez had a contract in place to sell her 1,200-square-foot home for $265,000 so she and her daughter could move to a bigger house nearby. …

Just days before the home closing, Lopez was told her home was part of an affordable housing program that Denver created in 2003.

Lopez says she signed no contracts stating her home was part of an affordable housing program, and nothing was said during the purchase process. Her claims appear to be backed up by Michael Brenna, the real estate agent who helped her purchase the home.

Due to the rules in place regarding this program, Lopez is only allowed to sell her home for $186,000. That’s well below what the house is worth, and well below what Lopez has been paying property taxes on. …

However, that’s not where the stupid ends. Not by a longshot.

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