Sometimes, a clearcut is the best prescription for a stand, especially if it has been high-graded multiple times. Clearcutting is a perfectly legitimate silvicultural regeneration technique. The term select cut is misused. Group Select, Crop Tree Select and Species Select harvesting are techniques that I have used to achieve certain goals. Usually more timber value, regeneration and diversity. “Selecting” all the cherry and oak over 14” DBH is not a silvicultural prescription.
Having said that, clearcuting is not the best prescription for your property value in most cases.