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Comment Re: First ask the question... (Score 1) 78

that's just an input value into the value of the for-sale thing to the buyer.

Not necessarily. A perfectly rational buyer (stay with me here!) wouldn't care at all how many competitors there are in the market, just what they're getting for their money. There are situations such as luxury goods where that does come into play (you can't get a Luis Vuitton bag from anyone but LV so it's "worth" more just because of that), but often the buyer doesn't care and may not even know about the level of competition.

No matter the details of the circumstances it always comes down to value = the price someone is willing to pay.

Again, not always. There could be goods where people would be willing to pay more if they had to, but competitive forces keep the prices down. In the housing market specifically, perhaps a buyer would be willing to pay $700,000 if that's what they had to pay to get a house they like. But if there are enough houses on the market that such houses are priced at $600,000, they're going to pay that lower price. The supply side is just as important to price as the demand side, and competition heavily influences that.

Comment Re: coincidentally such maneuver are never shown (Score 1) 106

I agree we don't really know what happened. I disagree that we can't dismiss aliens, because that's exactly what we should do with such claims until we see the evidence. But by "dismiss" I don't mean we're totally certain it's not aliens, just that we don't necessarily know what it is, but there isn't sufficient evidence to conclude that it's aliens.

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