Maybe an economist would disagree, but I think you need to look at more than one motivated buyer to determine the true value of something. If my house is worth $500,000, but some guy comes and offers me $1,000,000 for the house, maybe because his father grew up in the house and it's his life long dream to own it again, that doesn't make the market value $1,000,000, its a half million dollar house that some guy overpaid for.
|