Zeev's Turnips Patch-No Politics (ZEEV)

[Newly2b]

Of course appraisers try to appraise for the sale price -- their business is to make loans, not kill deals, so why label these "false" values? The value of anything is whatever a willing buyer and a willing seller agree it is, no? Prices cannot be inflated if there is not a buyer willing to pay the price, so a "false" value can only be an asking price no buyer is willing to pay.

As they say about the stockmarket, the price is always right, the market is always right. It is the market (willing buyers and willing sellers) that sets the price, not Realtors or appraisers.

Bottomline, home prices will continue to rise until buyers are no longer willing or able to pay the asking prices. Simple!

Newly