| Comment | >I explained that they base their opinion on the market evidence and then people choose to bid larger amounts because they do not want to miss out on a particular property.
That means their opinion ..... was wrong
Which can happen, markets are volatile, but the facts are that they are systematically wrong in certain areas every ... single ... time.
And the Scottish system of trying to have some magic "intrinisic value" calculated is very unusual, in every other country at least I have encountered or looked into, houses are sold and mortgages are provided based on the houses market value. |
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