The High Road: ‘What did they pay for this?’

A question that is just as pointless as why sellers are moving often spills from the lips of prospective buyers like ketchup from a shaken bottle.

Buyers almost always want to know how much the current owners spent to purchase their home in the first place.

Why?

Let’s say the place is listed for $1 million.  If the sellers paid $250,000 10 years ago, $500,000 five years ago or $900,000 a year ago, does it matter?

Oh, I see,