The free market is the best determinant of fair price. List them on eBay.
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Free market theory doesn’t work in a distressed environment. Consider you own a house in a development of 100 houses each valued at $100,000. 20 of your neighbors need to sell at distressed prices of say $50,000. Is your house now worth $100,000 or $50,000? Now let’s say that those 20 forced sales cause another 40 to sell at $30,000. What is your home worth now? This is a panic situation. IMO, if you are not forced to sell, the value of your home will return to a more reasonable price (maybe not $100,000 but surely more than $50,000). The market needs to be calmed before prices can return to a more appropriate market value.
“The market needs to be calmed before prices can return to a more appropriate market value.”
I’m not sure what your definition of propriety is. The most anyone is willing to pay for something at any given time could be considered the fair market value. It might make sense to make sure that amount doesn’t swing too radically over time. It’s not self-evident to me that a massive infusion of thousands of dollars from every man, woman, child and infant in America passes a cost/benefit test. It certainly bears some careful scrutiny by people acting in our interest.
“The market needs to be calmed before prices can return to a more appropriate market value.”
I’m not sure what your definition of propriety is. The most anyone is willing to pay for something at any given time could be considered the fair market value. It might make sense to make sure that amount doesn’t swing too radically over time. It’s not self-evident to me that a massive infusion of thousands of dollars from every man, woman, child and infant in America passes a cost/benefit test. It certainly bears some careful scrutiny by people acting in our interest.