Quote:
Originally Posted by kjmez
I'm amazed by this thread. Particularly as it is led by friends across the pond - the talisman for capitalism and free trade. Anyone on here bought a house and sold it for a bit more? I'm no economics expert, but I believe the market works around supply and demand. Limited number of 1Ms, just about all who own want to keep, those that don't want to buy. Sell it to the buyer who wants it most. Can't think of a better way to determine who that is than to base on the offer. Good luck in Dec.
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Exactly! It's really as simple as that.
There is nothing morally wrong with letting the market tell you what something is worth, whether you're in the US or elsewhere. Supply & demand is a universal, fair concept. (As long as the seller adheres to the rules that he has established for the particular sale).