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Old 01-19-2011, 11:35 PM   #89
Winsor_Pilates
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Originally Posted by chemgear View Post
I think I get what you are saying WP, but I think your analysis assumes that each price segment has the exact same number of buyers. There has to be a reduction of potential buyers as you move higher and higher into each price segment (rather than having "10 buyers" in each bracket.") As buyer affordability gets knocked down a bit with these changes, I think there are slightly fewer buyers in each newly downward shifted bracket. Not sure if I'm making any sense, it's kinda late.
I agree, I was just responding with to simple analysis with simple analysis. The amount of buyers/supply in each price range is different, as is the amount of people in the buyer group using 35yr amortizations.
Two points crucial in what effects this will have, which is part of the point I'm trying to make. It's really not a simple thing to figure out at all. If it was, we'd all be filthy rich buying and selling at the perfect times.
Quote:
And on a really out there sidebar, anybody ever hear of a home being relisted/refreshed EVERY SINGLE day?! I went to go view this place many months ago - they've been dropping the price by one thousand dollars every freaking day still with no bites. Nice place, nicely finished too - just priced too high. Isn't that an expensive process/a ton of paperwork?
A listing has to be up for a min 60 days. I guess they're just changing prices all the time, but that's really odd.
It's not difficult or expensive, just strange.
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