Friday, Aug 20, 2010
Taxpayers to the rescue. Again.
MSN Money: Rail compensation scheme launched
Compensation for householders affected by the High Speed Rail link between London and Birmingham has been launched. The Government will buy homes blighted by their proximity to the proposed route between London and Birmingham. Under the Exceptional Hardship Scheme, an independent panel has been set up which will look at applications on a case-by-case basis. Applicants must show that the property has been on the market for three months or more and attracted no offers above 85% of its value before the route was announced in March.
So all I have to do is get my property valued and put it on the market for 18% above its "true" value, whatever that really means. If I don't hit the jackpot within three months, the taxpayer will pick up the tab. I can't lose! Thanks, taxpayer!
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