Lindsay v. Housing Authority

The appellants are aggrieved because the valuation set by the circuit court is based upon the opinion evidence presented by two expert witnesses. The trial court “substantially discounted” the valuation asserted by the appellants themselves. The latter based their opinion as to value upon the original purchase price plus the cost of improvements.

The appellants purchased a land-contract interest in the property for $5,000 on May 8, 1956. A duplex was located upon the property, but at the time of the purchase it was not in habitable condition. It had been condemned by the city health…