Marketplace Economics

[K4KGW]

Harvey, this is not intended as a flame, but if I wanted to study Economics or Real
Estate, I would go to the appropriate venue.  With all due respect,. Boatanchors and
similar reflectors are not appropriate for the unbelievable number of expositions on
market forces and so on that string out from time to time on the amateur radio reflectors.

I am not singling out your comments--merely finally reacting to the flood of posts, some
inane, many uninformed, and a few well-reasoned such as yours.  And yes--I do have a
"DELETE" key.  It's just that my delete finger now has a callous on it from deleting so
much...!  :-)

73,

Keith

"Harvey A. Kader" wrote:

> Hi Everyone.
>
> In real estate which I am involved with, the "market value" is what a
> property is worth in the minds of the buyer and seller. Supply and
> demand applies. Real estate transactions take place in a bidding process
> - buyers submit an offer, and the seller accepts the highest offer with
> the least conditions attached to it.
>
> Real estate is an open market. Transactions occur between buyer and
> seller without undue pressure and influence.This is the definition of an
> open market. The bidding process is akin to an auction.
>
> Auctions in an analogous fashion are also an open market. Buyers submit
> bids, and the seller accepts the highest one above his reserve(if any).
> Again, transactions occur between buyer and seller without undue
> pressure and influence.
>
> The internet has created auctions that are not confined to just one
> town, province, state, or country, but now span the entire world. Buyers
> and sellers can come from everywhere and anywhere. Internet auctions are
> the ULTIMATE OPEN MARKET.
>
> Economics is a fascinating field of study. I recommend economic courses
> to everyone. You will see things in a completely different light than
> before. They will improve your business skills, and make your businesses
> better by giving you more tools and economic skills. I also recommend
> real estate courses. Real estate covers so many different facets of
> business that, even if you never trade in real estate, the knowledge
> gained is very valuable.
>
> I hope this information helps.
>
> Regards.
>
> Harvey A. Kader
>
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>
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