[andy58-in-nh]

It is a rather nice home, but consider how insanely overpriced the Hamptons are when a $6+ million house puts you five blocks from the ocean.

[Labyrinthos]

It is a rather nice home, but consider how insanely overpriced the Hamptons are when a $6+ million house puts you five blocks from the ocean.

You just got an "F" in Economics 101. Real property (and any other commodity) is worth what a willing buyer pays to a willing seller in an arm's length transaction. Couric paid $6+ million for the house and therefore, the fair market value for the house is $6+ million.