| Comment | So the value of these notes is £5 right? https://www.bbc.co.uk/news/uk-england-birmingham-38466625 Did yall just take macroeconomics 101 and somehow think methods of evaluating cap tables has anything to do with people buying 100% of a property to use?
You say the "intrinsic value" made by the surveyor is correct, correct on what basis? "just because they said so"? They can just say the actual value then ... like they do in most other countries. (If I remember Canada has a fairly confusing system where a house has 3 seperate valuation, but importantly you can still get a mortgage for the actual value which is the price you bought it)
If they overvalue (which is what I guess you meant) there are less negative consequences, ie it doesn't push non cash rich people out of the market, but ideally the surveyor just values the place correctly since everyone else is able to manage it.
I don't need to wait, I own a house, however telling everyone without a rich mummy or daddy that they need to wait for that single moment in time between the decades long bubble and bust cycles that is the only time they can buy a house because I pointlessly feel the need to defend this ridiculous system that doesnt help me at all feels like a strange path to take. |
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