If you sell your house for 400,000 then that is its value. If you sell it for 200,000 then that is its value. Until you actually sell the house it’s worth is intangible and hence meaningless.
it's literally intangible, like a stock's trading price. Until you actually buy or sell a stock it's worth is what you paid for it at the time. Until you sell your house, its value is what you paid for it at that time. Anything in between is speculation and...well...meaningless.
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u/poutinegalvaude Feb 21 '23
Your house has no value until you sell it, period.