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Credit fueled housing collapse, page-126

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aimone

54,049 Posts.

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27/05/15

18:04

Post #: 15362657
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Originally posted by Justis ↑

Are all properties over priced or just the ones you would prefer?

Other question is are the properties actually over priced?

A properties value sits at a price the vendor is prepared to sell for and a purchaser is prepared to pay, you may not be prepared to pay that price but if some is that is the value.

Property in my area similar to the one I live in are sell around $580K but even though the purchace price was $40k I would not sell for $600k. Not that I think it's worth more, it's just that at that price I would not be motivated to sell.

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'Are all properties over priced or just the ones you would prefer?'

from the following, probably almost all our properties are overpriced:

Australian housing near world's most expensive but forecast to rise further

http://www.abc.net.au/news/2015-01-...r-most-expensive-but-forecast-to-rise/6018696

Last edited by aimone: 27/05/15
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