"Swingman" wrote in
:



"Han" wrote

Value, whether fine woodworking, solar installations (BG!!), FR notes
or gold, is best defined as "what a willing buyer would pay for it".

Problem is definition of willing buyer. In a "hot" economy he is
much easier to find than in an economy just entering a recession.
All those properties secured by subprime mortgages were quite
valuable 2 years ago. Now they're worth much, much less. Most likely
they'll be worth much more again in a few years.

... and with regard to the bailout, subprime mess, and attendant stock
market hysteria/plunge, let me repeat, once again, what I said/posted
the other day:

The absolute proof of something's true worth is how quickly it loses
its value.

The meteoric rise in home prices was just as artificial as the current
decline in those markets where there (apparently) was most manipulation.

--
Best regards
Han
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