Quote:
Originally Posted by Republicaninmass
Agreed with above post, though doubt it will happen. This would be similar to using a home appraisal, throwing out first payment defaults. VCP I believe already does eliminate the highest and lowest sales when the compute their average.
If someone doesnt pay for their house 29 years, and 11 months down the road, is THAT still a sale?
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All depends but its not like a legit cash deal (assuming its arms length transaction)
If somone bought a psa 5 topps mantle for 70k due to a credit card advance that he never paid and another psa 5 topps mantle went to market i know i would of wanted to know that information. When funds are borrowed to pay for things it brings up a lot more factors to me. Someone that borrows money may need to sell the card fast and attempt to flip it to pay back the loan and take risk of a loss versus a cash investor as one example. I know when a house is foreclosed on (after a recent purchase) and sold by the bank the expected new sale price from the bank will be less than the prior sale in many occasions. If no money is ever borrowed on a home there is no risk of the foreclosure fire sale.