On: Priced out of home ownership

[baobabKoodaa]

Great! Why don't you tell me what I should price it at, then?

[carlosjobim → baobabKoodaa]

Go lower on price until somebody wants to buy it. That's how buying and selling works.

[baobabKoodaa → carlosjobim]

No, that's not how it works. The housing market is not like the stock market. Houses are not fungible assets. I could list my house for $1 today and by tomorrow no one would have even made a single phone call to enquire about it. A house is not sold until a motivated buyer is found, no matter how low you drop the price.

[carlosjobim → baobabKoodaa]

You have made up your mind. I gave you the answer, but you are not obliged to accept it.

[baobabKoodaa → carlosjobim]

I explained to you pretty clearly why you are wrong. If you want to believe in this fantasy that housing market is just like any other market, I can't really stop you.

[carlosjobim → baobabKoodaa]

Maybe if you argue with people who don't want to buy your real estate, they will finally give in and buy it for the price you demand?

In a way, I think this exchange illustrates very well the problems with the real estate market and housing.