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Things that are going up in value almost always appear to be overpriced.

seth godin

I follow Seth Godin’s Blog.  One of his latest blogs deals with value, pricing and perception. It speaks to the value of the property you would like to buy.  Here it is:

Real estate, fine art and start up investments have something in common: the good ones always seem too expensive when we have a chance to buy them. (And so do the lame ones, actually).

That New York condo that's going for $8 million? You didn't buy it when it was only a tenth that, when it was on a block where no one wanted to live. Of course, if everyone saw what was about to happen, it wouldn't have been for sale at the price being offered.

And you could have bought stock in (name company here) for just a dollar or two, but back then, no one thought they had a chance… which is precisely why the stock was so cheap.

And the lousy investments also seem overpriced, because they are.

Investments don't always take cash. They often require our effort, our focus, or our commitment. And the good ones always seem like they take too much, until later, when we realize what a bargain that effort would have been.

The challenge isn't in finding an overlooked obvious bargain that people didn't notice. The challenge is in learning to tell the difference between the ones that feel overpriced and the ones that actually are.

The insight is that when dealing with the future, there's no right answer, no obvious choice—everything is overpriced. Until it's not.

 

If you would like to go directly to Seth's Blog, here's the link >  Click Here

Looking for a good REALTOR®? Our team approach is the 'stonehenge of home selling'.  Our mission is for our clients to have unforgettably good experiences through the business of real estate. We would like to impress you. Call today.

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Jackie Carron Home Selling Team
Keller Williams Neighbourhood Realty Inc. Brokerage
2968 Dundas St W, Suite 303
Toronto, Ontario
M6P 1Y8

Phone: 416-695-HOME (4663)

 

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