Even if this is an attempt at the Big Flip, overpricing is not a bad strategy. It seems from my observation that Americans equate value with price....i.e., the more something costs the more it must be worth. I mean, BMW and Mercedes figured this out years ago....overprice your product and Americans will lust after them even though they may not actually be worth the dollars. Maybe that is the answer to getting people interested in buying real estate in Detroit....overprice it and people will fight to be the first to buy. -Ironjohn [5,000 SF Indian Village Home Built in 1916 Listed For $265 K]
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