Property prices: I can't get my head around this

[1FinickyOne]

23 minutes ago, newnative said:

     Hmm.   Maybe if the condo project was very small with just a handful of owners you might be able to get the owners to agree on pricing.   But, I think this would be totally unrealistic and unworkable with a normal condo project with hundreds of owners--all with different opinions on their condos and all with different reasons--and urgencies-- for selling.  I can imagine a meeting going something like this:

 

John:  'I'd like to see if we can all come to an agreement to only sell our TINY units with cracker box layout and balconies that only fit two small people for the same price.  Any objections?'

 

Wilma: 'Yes! I just spent a small fortune to totally re-do my kitchen.  I certainly should be able to price my condo higher.'

 

Roger: 'What?!  Wilma, your condo is on the second floor with a view of the dumpster!  I'm on the 10th floor with an ocean view!  My condo should be priced much higher than yours!'

 

Judy: 'Hang on.  10th floor?  Big deal.  Yes, you can see a bit of the ocean between the two buildings next to us but I'm above those buildings on the 15th floor and my seaview is much better than yours.  My condo should be priced higher.'

 

Sam:  'Maybe so, Judy, but your condo IS on the hot side of the building.  My condo is higher than yours AND it's on the cool side so it should command a much higher price.'

 

Bob: 'Yes, but your condo is in company name, Sam, and we all know that the foreign quota is full.  Even though my condo is on a lower floor and the view's not as good it IS in foreign quota so it's more desirable than yours and should be priced much higher.'

 

Susan: 'Ha!  Your condo may be in foreign quota but it's an absolute pigsty!  How dare you think its worth more than mine!  I keep my condo neat as a pin!  It's definitely the best!'

 

At that point the meeting erupted into fistfights and general chaos with the 100 owners in attendance but John eventually restored order.

 

John:  'Well, I thought it would be easy to come to an agreement but apparently not.  I guess we'll let the buyers decide what they're willing to pay--and for what unit.  Maybe one might like Wilma's new kitchen and someone else might value a great seaview.  Good luck and this meeting's adjourned.'

 

  

 

 

 

Yo Sybil... if anyone takes this to a shrink, you're screwed in a competency hearing... how many people you got running around in your head?

 

Let either Bob or Sam reply... 

[1FinickyOne]

5 minutes ago, BritManToo said:

Is it as nice as my 40bht pool?

 

well, we don't have a fence to keep out the lions and tigers... but, I am going to say - nicer...

[natway09]

Age, condition, views, renovated, neighbours, floor, balcony, presented  well, 

desire to sell, greed, cheap or expensive furniture & fittings, modern kitchen, 

Blah Blah