Complaint Review: State of New Jersey - Trenton New Jersey
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- Author Not Confirmed
- State of New Jersey Trenton, New Jersey Trenton, New Jersey United States of America
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- Category: Civil Rights Violators
State of New Jersey Placed a moratorium on my property and made it permenant. Trenton, New Jersey
*Consumer Comment: Unfortunate but...
Show customers why they should trust your business over your competitors...
In the 60s new Jersey said they wanted to buy land in the pinelands for an airport. So I bought 17 acres. Shortly after that they created a moratorium on building in the pine lands making my property almost worthless. Now we are in 2011 and they still have their moritorium and it appears to be permenant. I am 74 years old and I am stuck with the taxes and a worthless property.
This report was posted on Ripoff Report on 01/16/2011 10:06 AM and is a permanent record located here: https://www.ripoffreport.com/reports/state-of-new-jersey/trenton-new-jersey-/state-of-new-jersey-placed-a-moratorium-on-my-property-and-made-it-permenant-trenton-ne-683246. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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#1 Consumer Comment
Unfortunate but...
AUTHOR: Robert - (USA)
SUBMITTED: Sunday, January 16, 2011
That's what can happen with real estate investments. It's even more risky when folks speculate by purchasing what appears to be "useless" land (at the time of purchase.)
I don't understand why you've held the land for over 40 years based on a speculated development of an airport.
I know it's poor consolation to you, but many folks have had similar incidents with land in the Adirondack Park-especially after the formation of the Adirondack Park Agency.
Perhaps it's time to cut your losses and unload this "worthless" 17 acres.
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