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A comment on Tech bubbles are bursting all over the place. Parent comment
There is what the house is worth to the seller, and what it is worth to the buyer, and the sale price is always somewhere in between.
It is just taking advantage of an information asymmetry to get the sale price closer to what it is worth to the buyer.
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There is what the house is worth to the seller, and what it is worth to the buyer, and the sale price is always somewhere in between.
It is just taking advantage of an information asymmetry to get the sale price closer to what it is worth to the buyer.