The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Wyätt Gwyön who wrote (16027)	1/15/2004 12:09:11 PM
From: Tradelite	Read Replies (2) of 306849

Here's another poorly thought-out idea for you: The price people are paying for a stock may or may not reflect the stock's true value. It does reflect the stock's market value, however. The price paid for a house actually becomes its current recognized value and will be used as a basis for setting prices of other similar houses around it. (Those appraisers sure are dumb, aren't they? They've been following these poorly thought-out concepts for years.) It's common for people to complain that homes are "overvalued". What they're really saying is they just don't like the prices, even though the prices have been set by other people who bought. Semantics, semantics. Overvalued and overpriced are poorly understood words.

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