Quote:
Originally Posted by TiltonBB
Yes, he "only paid $185,000" for the property. But, that is the most anyone in the entire United States would pay for that property. Bear in mind that it was on the market for a very long time and that is the most that they could get. If someone willing to pay more had come along they would have taken it.
It is sort of like when you "win" a bid on Ebay. You just paid more than anyone else in the country would have paid for the same thing.
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An interesting slant. So anytime I but a stock or a piece of real estate I have "paid more than anyone else in the country". You are evidently a big believer in the efficient market theory.