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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: mishedlo who wrote (56307)6/19/2006 9:10:22 AM
From: MoominoidRead Replies (1) of 306849
 
This is the basic idea of subjective valuation vs the exchange value in the market. When your subjective valuation is greater than the exchange value you buy and vice versa. That is the basic idea of utility maximization theory that we teach to every beginning economics student.
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