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Politics : Ask Michael Burke

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To: BGR who wrote (72806)	1/4/2000 11:30:00 AM
From: Freedom Fighter	Read Replies (2) of 132070

BGR, >>if I buy a house for 250K in 1990 and it sells for 500K in 2000 (outpacing inflation), then it was undervalued in 1990.<< Was it still undervalued if in subsequent years it goes to 225 and then rises at the rate of inflation afterwards? How about if it stays at 500k for the next 20 years? I bought my current residence in 1986 for 81,000. It was worth 110,000 within months. (I'm a real genius by your standards of value) Ten years later similar ones were selling for 65,000. Right now I can get 100,000 again. I'm not sure exactly what the value is, but I'm pretty sure that when it got to 110,000 it wasn't because it was undervalued when I bought it. Markets often move for reasons that have nothing to do with value. Wayne

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