Big V

U.S. Housing: A False Dawn Recovery in 2009?

Dear Dr. Jackpot:

You may think your house is priceless, but it's not. If you want to find out what the real price is, just put in on the market and see what you can sell it for. I don't know how much you spent on the land, materials, tools, and labor (represented by 4 years off), but that was a finite amount. It doesn't make sense for a potential buyer to offer an infinite amount of money in exchange for your finite investment of time and labor.