PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Wayners who wrote (660928)	11/16/2004 10:18:21 PM
From: TideGlider	Read Replies (1) of 769670

Of course fair market values are never given and the doctrine is used to protect the purchaser from paying market prices. Market prices are controlled by demand. They use this doctrine to establish "fairmarket" prices for the property to be condemned without the "demand" influencing the price. They , in effect break the market and then seize the property. Home Depot or some developer gets the property for half price of past market, rather than 2 or 3X previous market upped by the demand. I say there is no fair market value if you remove the demand forces in formulating the value of the property. Ridiculous. Fair market values given? Don't bet on it.

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