On 7/16/05, boblq <[EMAIL PROTECTED]> wrote: > On Saturday 16 July 2005 09:55 am, Todd Walton wrote: > > But there is no economic class for which price is truly > > not an issue. > > Houses from say $5 Million up fall into this second class.
And why isn't that $5 million dollar house $10 million? Or $20 million? The $32 million house you linked to has 17,000 square feet and sold for $17 million. Why? Why not the $32 million dollars asked? Why not $50 million? What drove the buyer to seek a lower price? That house falls, by far, into the range of $5 million and up that you gave as being where price is no issue. It certainly looks like an issue to me, even at tens of millions of dollars. To paraphrase: Economics is a demanding mistress, so if you love her be prepared to accept her wishes. "Price" being "no issue" is a contradiction in terms. -todd -- [email protected] http://www.kernel-panic.org/cgi-bin/mailman/listinfo/kplug-list
