The Employees treat you like you are inferior and unimportant.

What Kelvin is referring to is arbitrage (borrowing money at a lower interest rate then what you lend it out for) but the anology is a bit of a stretch for the following reasons: - Security: One is safeguarded by the FDIC, the other is secured by real estate quite often in a inferior lien position

People don't move next door into inferior homes.

Adjustments for sale price would be reasonable for superior/inferior unit mix (studio v. 1 bed v. 2 bed, etc), building size, condition, and location.As for your analysis of GRM, you might want to make sure you're comparing apples to apples.

They get it wrong on location (using comps from inferior neighborhoods), condition/quality (using fixer-uppers or cosmetic rehabs as comps for a gut renovation), and date (using comps from 11 months ago in a rapidly appreciating neighborhood).The results can be wildly different. 

I look at inferior properties and work up modestly from there, even 3 bedrooms should give you some idea.

Rent ready units is a terrific way, the only problem being that the seller may perform inferior work just to finish quickly and save $$$.Good LuckGino

But I am a 40 year veteran of diy,,,,I prefer to make my own mistakes compared to buying inferior workmanship,,,which is common here.I recently cut every little bit of galvanized pipe out of an 80 year old house and replaced with pex. 

Home owners do get confused and mess up actual facts, but any mechanic lien would be inferior to all the mortgages on the property so none of it is an excuse to not pay the mortgages.  

This impact is usually relatively very marginal since even if you were to take a bank loan you have to pay back with after tax dollars.401k loan is inferior to HELOC where you can potentially deduct interest upto 100K of credit used.The biggest behavior change from 401k plan borrowers is that most of them stop contributing same amount as before as they also have to pay back loan interest.