The Mellotron Group

That's it exactly Mike.  We learned that the hard way with houses here in the US!
Want to buy a "$500,000" house for $200,000?....Isn't that a good deal?....maybe not...the prices are still falling......

Gary



If someone prices something way above 'market value' and it sells, does that then become the new 'market value'? Isn't that the same way they value houses? Nothing has any intrinsic #value' aside from what someone will pay for it. The market is a matter of human will, not some kind of uncontrollable beast we have to tame.

Mike

ClayE wrote:


Pricing way above market value (40% above?) is a shitty way to try to sell things. If he does sell it for that price, he will have taken advantage of a misinformed buyer.

Clay