Read the Evans Report that real estate agents love to hand out and you quickly notice that it's not worth the paper it is written on.
They work with statistics that can hardly teach the truth!
The best example is the median sale for 2008 in PALM BEACH, considering that one of the mansions fetched about $100 million!
It draws all the wrong conclusions. Serious finance experts will tell you the truth: Evans is a lawyer who works for and with
the real estate agents.
That is really all there is to it!
I recommend people DO THEIR HOMEWORK: online one can easily find the MARKET VALUE of homes (in need of revision, of course,
because these always lag behind the real estate market situation - so revise down by 20% - it's realistic), look up recent sales,
yes, they are shocking indeed, do the MATH on the price per square footage that GRAND MANSIONS (not just homes) have been sold for,
THEN draw your own conclusions.
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