Arguing that the government needs to jump through hoops is some sort of defence to you isn't relevant. They can and do jump through those hoops all the time, an

Arguing that the government needs to jump through hoops is some sort of defence to you isn't relevant. They can and do jump through those hoops all the time, and home-owners are left with assessed values that certainly don't reflect the value of the home to them. Of course it's relevant. The easier it is for the government to snap up any property it feels like on a whim, the more frequently this will happen. The fact that it is sometimes useful and necessary for the government to exercise eminent domain doesn't mean there shouldn't be restrictions.