Comments on: Forced Pooling for Marcellus Gas Wells is Like Eminent Domain https://www.frackcheckwv.net/2015/10/27/forced-pooling-for-marcellus-gas-wells-is-like-eminent-domain/ Just another WordPress site Wed, 14 Feb 2024 02:06:39 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Lissa https://www.frackcheckwv.net/2015/10/27/forced-pooling-for-marcellus-gas-wells-is-like-eminent-domain/#comment-182265 Lissa Wed, 28 Oct 2015 19:50:39 +0000 http://www.frackcheckwv.net/?p=15822#comment-182265 It should also be pointed out that forcing owners to sell for "market value" actually keeps market value artificially low. Forced pooling is what the industry wants when it is unwilling to pay *actual* market value -- in other words, it's unwilling to pay what the owner feels his or her property is worth, what the owner would be willing to sell for. How crazy would it be if you were forced to sell your home to the next flipper who knocked on your door and offered to buy your house for far less than your family home was worth to you? That, my friends, is forced pooling in a nutshell. It should also be pointed out that forcing owners to sell for “market value” actually keeps market value artificially low. Forced pooling is what the industry wants when it is unwilling to pay *actual* market value — in other words, it’s unwilling to pay what the owner feels his or her property is worth, what the owner would be willing to sell for.

How crazy would it be if you were forced to sell your home to the next flipper who knocked on your door and offered to buy your house for far less than your family home was worth to you? That, my friends, is forced pooling in a nutshell.

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