Quote:
Originally Posted by Chronamut
Wait why would a housing crash be WORSE? Boo-hoo people selling houses get less money..
we NEED a crash.. everywhere.
The question becomes... what's the minimum you can sell a house for and still profit? How much of this is gravy on top of a house's ACTUAL value? Why do things have to cost as much as they do, esp existing houses? It's not like you're factoring in the cost it made to build it like lumber etc. If it was refurbished, then maybe the cots of materials used could play a role.. but enough to make it a million dollars? There is no excuse for that..
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A house's actual value is whatever someone will pay for it.