so we are saying that if Apple sells at $10 or $500 it is a fair price because that is the market price (im cool with that by the way). Apple isn't the same company today as it was many years ago though. What about the dimwit, zero value companies that people bought to be a part of the dotcom dream though? Were they over priced at the time?
If that is where transactions are taking place then that is what the fair price is - you have both a willing seller and a willing buyer at that price. With hindsight you can called the busted IT companies "zero value" but back then, who knew if they were going to make you incredibly rich like if you bought Google shares. I guess its like a lottery ticket which sells for $2 before the draw but is worthless after the draw and it wasn't the winning ticket. The market price of that ticket after the draw is $0 but you can't say $2 was overpriced before.
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
If that is where transactions are taking place then that is what the fair price is - you have both a willing seller and a willing buyer at that price. With hindsight you can called the busted IT companies "zero value" but back then, who knew if they were going to make you incredibly rich like if you bought Google shares. I guess its like a lottery ticket which sells for $2 before the draw but is worthless after the draw and it wasn't the winning ticket. The market price of that ticket after the draw is $0 but you can't say $2 was overpriced before.
Corning UK shares look incredibly cheap to me now...buying a bundle next week.
What your saying in fact is you have supply, If i am requiring what you have that is demand. If i can afford it. If i do not you can sell it to someone with more demand and more money. Peter :pop:
Maybe not the technical definition, but here's my opinion:
Most things are overpriced to most people most of the time.
Whenever something is not overpriced to one person, a transaction takes place.
For example, somebody is selling apples for $1. I want an apple and I decide that's a fair price. So I buy one apple. Now I can buy another apple for $1, but I already have one. I don't buy another one. To me $1 for an additional apple is overpriced.
Suddenly the shop owner decides he wants to sell all his apples so he cuts the price in half. I decide for that price I will buy 10 more apples. After I bought my 10 apples they are overpriced to me again so I buy no more.
Maybe not the technical definition, but here's my opinion:
Most things are overpriced to most people most of the time.
Whenever something is not overpriced to one person, a transaction takes place.
For example, somebody is selling apples for $1. I want an apple and I decide that's a fair price. So I buy one apple. Now I can buy another apple for $1, but I already have one. I don't buy another one. To me $1 for an additional apple is overpriced.
Suddenly the shop owner decides he wants to sell all his apples so he cuts the price in half. I decide for that price I will buy 10 more apples. After I bought my 10 apples they are overpriced to me again so I buy no more.
Maybe not the technical definition, but here's my opinion:
Most things are overpriced to most people most of the time.
Whenever something is not overpriced to one person, a transaction takes place.
For example, somebody is selling apples for $1. I want an apple and I decide that's a fair price. So I buy one apple. Now I can buy another apple for $1, but I already have one. I don't buy another one. To me $1 for an additional apple is overpriced.
Suddenly the shop owner decides he wants to sell all his apples so he cuts the price in half. I decide for that price I will buy 10 more apples. After I bought my 10 apples they are overpriced to me again so I buy no more.
holy shit... these are the great minds that make up property investors? i gotta get my cash out of the bank and out of aud asap. we're doomed.
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