Housing Market Slowdown

[Biggd]

Originally Posted by Couple of Lakers

You are not factoring in the value of the boat slip which is worth about 200K if you were to purchase one separately. There is also the value of a jet ski lift (technically another boat). What is that worth? Also when the water is not this low you can dock another boat right off of your deck.

Folks cannot seem to understand those items are not included in the value of the home itself.

Ultimately, it's only worth what someone else is willing to pay for it.