One of the conditions of a classical free market is the ability to enter and leave the market at any time.
Many are faulting a homeowner in Superior, Wisconsin for not selling to a supermarket chain that wants to build a new store. See "One homeowner holds up construction of new Superior Super One", Shelley Nelson, Duluth News Tribune, 2012-08-31.http://www.duluthnewstribune.com/event/article/id/241725/
Shouldn't the company have made sure that all the homeowners were willing to sell before buying any of the properties? Many say the homeowner is holding up progress and should accept the very generous offer above and beyond "fair market value". But are all values measured in dollars and cents?
The end result will most likely be that his house will be taken by imminent domain and at a price far less than the maximum he was offered. I know, I know, it's "eminent domain", but unless you are a large corporation with deep pockets, the result is imminent. Remember Best Buy versus Lindahl Oldsmobile in Richfield, Minnesota? Lindahl Olds and many homeowners were forced out.
