Eug
Senior Member
Well, I can see where you're coming from, but personally I don't see it as that big of a deal. It's also harder to justify in this situation because these house prices are ballparked by time and comps, not original build costs and what not.
BTW, there is a 18000 square foot (and gaudy) mansion on sale in Mississauga for $1.
As for selling a business, the scenario you outlined does in fact happen from time to time.
And for the car price and couch price, they're arguably usually priced too high. If you pay sticker price, in most cases you are paying too much. Unless you're talking Ikea stuff, I don't think I've ever paid regular retail price on a couch. I have on a car, but that was a for a hybrid when they first came out. High demand for very low stock.
Tangent: It turns out in that car situation it was because the dealers weren't making much profit off them anyway. I remember calling a Toyota dealership back then and telling them I wanted to order a Prius from them at full price. One dealer actually said to me he'd be happy to do it, but to be honest he would actually be just as happy if I ordered from another dealer, because they make so little on them it's not really worth the hassle to them. Toyota raised the profit margin significantly later on.
BTW, there is a 18000 square foot (and gaudy) mansion on sale in Mississauga for $1.
As for selling a business, the scenario you outlined does in fact happen from time to time.
And for the car price and couch price, they're arguably usually priced too high. If you pay sticker price, in most cases you are paying too much. Unless you're talking Ikea stuff, I don't think I've ever paid regular retail price on a couch. I have on a car, but that was a for a hybrid when they first came out. High demand for very low stock.
Tangent: It turns out in that car situation it was because the dealers weren't making much profit off them anyway. I remember calling a Toyota dealership back then and telling them I wanted to order a Prius from them at full price. One dealer actually said to me he'd be happy to do it, but to be honest he would actually be just as happy if I ordered from another dealer, because they make so little on them it's not really worth the hassle to them. Toyota raised the profit margin significantly later on.