Un-Fair Market Value

Reader comment on: Chicago Explores Eminent Domain Mortgage Seizure
in response to reader comment: market prices = pennies on the dollars. Why should America's municipalities have to pretend otherwise?

Submitted by Angela Stonebraker (United States), Jul 28, 2012 17:18

Fair market value is derived by properties that surrounds the area of the property that is being taken by the government using eminent domain. These properties that they compare with, have recently been sold or bought by a "willing seller or buyer" on the free market.. One property is being taken by the government, the surrounding properties being compared with have recently been sold by a willing seller or buyer. One is "taken" usually from an unwilling seller....the other is "sold" by a willing seller. You CANNOT compare something that is "taken" to something that was "sold". There is NO comparison. This would be like comparing communism to freedom!

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Title By Date
market prices = pennies on the dollars. Why should America's municipalities have to pretend otherwise? [89 words]Tom BrownJul 27, 2012 19:05
↔ ⇒ Un-Fair Market Value [109 words]Angela StonebrakerJul 28, 2012 17:18
↔ In the best interest of the public [123 words]Angela StonebrakerJul 29, 2012 11:58
"Below-Market Prices" ... what a load of bull! [275 words]Tom BrownJul 27, 2012 18:58
The finacial compaines are trying to do it again. [71 words]LyleJul 27, 2012 08:51
Simple Solution: Tax the associated financial companies [102 words]LyleJul 26, 2012 21:51

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