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- Feb 16, 2008
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Simple. Your right to do with your property what you want ends where it negatively affects the rights of others. Wanton actions that harm others, in this case, by reducing the value of their property, are outside your rights.
But property value is an imaginary number. It is entirely based on what a complete stranger is willing to pay for your property.
That's assuming that you've actually had a stranger offer to buy your property. In most case, it's a purely theoretical value.
Why should we consider an imaginary number based on a theoretical construct a valid measurement of negative impact?
For that matter, how does a decrease in your property value actually count as negatively affecting your rights? You still have the right to sell your property for the exact price someone else is willing to pay for it.