Real Estate Basics Pop Quiz

Civil Engineer · Orange County, CA · Member since 2012 · 189 posts · 45 votes

I just bought a candy bar for $1.00, how much it that candy bar worth at the time of sale?

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Account Closed
Chicago, IL · Member since 2015 · 18 posts · 0 votes
11y
1.00 plus tax.
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Scott Justason
Assett Retrieval Specialist · Rowley, IA · Member since 2014 · 31 posts · 6 votes
11y
Exactly what you pay at the time
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Chad Ballard
OP
Civil Engineer · Orange County, CA · Member since 2012 · 189 posts · 45 votes
11y
I said $1.00 as well, but here is a hint: That is the only incorrect answer.
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Daniel Mohnkern
Investor · Titusville, PA · Member since 2015 · 298 posts · 150 votes
11y
Whatever someone is willing to pay for it.
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Chad Ballard
OP
Civil Engineer · Orange County, CA · Member since 2012 · 189 posts · 45 votes
11y
The trick is it depends on which side of the transaction you are on. If both parties viewed the candy bar as being valued at $1 then no transaction would take place. The buyer viewed the candy bar as being worth more than $1 and the seller viewed the candy bar as being less than $1. So really any answer other than $1 is correct.
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