Quote Originally Posted by Cincinnati_Kid View Post
Some homes in certain parts of Birmingham are ridiculously priced. For instance, in the 14 Mile and Woodward area, they have numerous, small [[800 to 1400 sq ft) homes listed for $150,000 dollars and up. I see the same type of homes in older areas of Detroit, that cost a 1/4 of that, not to mention high ass property taxes. I know...location..location.. location, still doesn't make it right.
The market is set by an agreement between buyers and sellers. If you wish to make this 'right', you should pay what you think it is worth. You can do so repeatedly until the market catches up with your price. If you are right, you can make a lot of money. If you're wrong, you can lose a lot of money.