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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (56242)	6/18/2006 9:01:34 AM
From: GraceZ	Read Replies (1) \| Respond to of 306849

You can "value" your home for whatever price you want. But the market is the arbiter of value. You do understand that there is a difference between value and price right? Otherwise there would be no such thing as a "value" investor, the price would tell all. A house has both (a value and a price) because it provides housing services both in the present and the future, as well as a readily calculated market price (unless it is a completely unique property). The value of the services can greatly depart from the price and one can make a reasonable valuation of the net present value of those services.