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What is the definition of over priced? Are you talking about some actual index here or just thinking in non-quantifiable terms?
by StreamBright 8y ago
What is the definition of over priced? Are you talking about some actual index here or just thinking in non-quantifiable terms?
- lotsofpulp 8y agoOverpriced would mean in comparison to the price of another identical good at the same point in time, but since that is hard to find in real estate, I've always interpreted it to mean that the return on investment will be lower over a certain period of time for an overpriced property compared to another, either in dollar amounts and/or quality of life terms in case you're living in it.