East Troy, WI | Does anyone track these quick sell scenarios? I am curious if these "discounts" as a percentage to fair market have changed over time in the information age. Certainly we lived this in 2009, but that was a bubble situation. Does this apply to well advertised, single sales as much in 2016? That would be very interesting data. Is this called something or just distressed asset? Can a distressed sale be strictly defined in 2016?
edit: Also, how is a distressed sale good for an economy - aside from price seeking? If the sale is below the true clearing price, isn't there economic loss (utility loss) that cannot be recovered? You would think that no one would let that happen, then --- banker included. Is unjustified 'short sales' a form of rent seeking?
This is a fun mental exercise. |