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: GraceZ who wrote (16036)	1/15/2004 12:45:07 PM
From: Tradelite	Read Replies (1) of 306849

<edit>One more thing about your analysis, Grace. I'm trying not to get off-track on a tangent, so pardon me for sticking to my original points. We were talking about the "value of homes", not the value of owning one to a specific individual buyer. Every person has to make his own analysis of buy vs. rent, but the market's determination of home values is another matter. And yes, equilibrium might be a little disturbed in some areas of the country right now. But I've spent untold hours trying to make both buyers and sellers understand that prices and values in the real estate market are set by the market and there is absolutely no sense in arguing with them, no matter how irrational you think they are. "If you want to argue with the market, don't buy, don't sell. Wait until you think everything fits your definition of what it should be. And let me know how long you think it might take for you to agree with the market." <<GGG>>>

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