Apologies if someone has already discussed this before me...
Heres a scenario:
I live in a quiet neighbourhood. One day my nextdoor neighbour decides to paint his house pink and yellow polka dots and mess up his front yard. This would severely put a dent in the market price of my house.
Am I entitled to remuniration for the loss of value of my home?
Irish Liberty Forum
MatthewWilliam:Am I entitled to remuniration for the loss of value of my home?
Maybe your house made it more expensive for him to buy into the neighborhood. Is he entitled to receive a subsidy from you?
The answer to both...
No.
I hope you're not suggesting laws against it; we are not a homogeneous society and some people might not want some house standards imposed on them. However, there's room for stuff house associations, that can use technics as subsidizing a sell for buyers that agree to follow certain rules.
Equality before the law and material equality are not only different but are in conflict with each other; and we can achieve either one or the other, but not both at the same time. -- F. A. Hayek in The Constitution of Liberty
Also, it is perfectly reasonable to have homeowners associations that restrict certain types of activities within the confines of the association. Since joining the association is usually a requirement upon purchasing the house this is a normal solution for those people concerned with this happening. There are quite a few on this site that are opposed to contracts though.
Your neighbor is not unlimited with respect to what he can do though even without the homeowners association. If it can be demonstrated that his actions are having a physical effect on you or your property then I think you would have reason to expect his actions to stop or to be compensated.
Maxliberty: Your neighbor is not unlimited with respect to what he can do though even without the homeowners association. If it can be demonstrated that his actions are having a physical effect on you or your property then I think you would have reason to expect his actions to stop or to be compensated.
If there is no homeowners association he can paint his house and mess up his front yard all he wants. It's his property and he's not agressing against anybody as long as he stays on his property. You don't have to look at his house and you don't have to look at his yard. As for the value of your house if it depreciates and whether you have a right to be compensated? The answer is no. Just like he has no right to be compensated if you go in and do something to increase the value of the neighbor hood.
Sometimes "majority" simply means that all the fools are on the same side
^What she said. Also, there is no right to the market value of something. No reason to bring up that dead horse yet again for yet another beating...
-Jon
Freedom of markets is positively correlated with the degree of evolution in any society...
katja328: Maxliberty: Your neighbor is not unlimited with respect to what he can do though even without the homeowners association. If it can be demonstrated that his actions are having a physical effect on you or your property then I think you would have reason to expect his actions to stop or to be compensated. If there is no homeowners association he can paint his house and mess up his front yard all he wants. It's his property and he's not agressing against anybody as long as he stays on his property. You don't have to look at his house and you don't have to look at his yard. As for the value of your house if it depreciates and whether you have a right to be compensated? The answer is no. Just like he has no right to be compensated if you go in and do something to increase the value of the neighbor hood.
Interesting that you quote me then argue that I have said something that is incorrect then you repeat my stated position.
What puzzles me is that WHY don't such people decorate the INside of their houses that way so that they can 'appreciate' it for themselves?!? I have a neighbor who thinks the BLUE color on their house is 'bright and cheerful' while the rest of the world blinks and grabs for sunglasses when they see it. AND the sucker has the guts to keep the walls on the inside WHITE. There's no figuring out 'taste' of others. You would think that the 'example' of the rest of the neighborhood's 'blending, subdued colors would be clue enough. Well, all I can say is that while NO you don't have a case for remuniration, you certainly aren't prevented from telling that neighbor - "I think your color scheme STINKS, and its a perfect example of a place where graffiti would IMPROVE the looks of a building."
Jain
MatthewWilliam: Apologies if someone has already discussed this before me... Heres a scenario: I live in a quiet neighbourhood. One day my nextdoor neighbour decides to paint his house pink and yellow polka dots and mess up his front yard. This would severely put a dent in the market price of my house. Am I entitled to remuniration for the loss of value of my home?
Only if you bought the rights to beforehand.
The fallacies of intellectual communism, a compilation - On the nature of power
Here's an analogous scenario:
You are the only used car salesman in a quiet neighborhood. One day some other fellow decides to open a used car lot down the street from you. This would severely put a dent in the market value of your business.
Are you entitiled to remuniration for the loss of profit to your business?
Pro Christo et Libertate integre!