June 2015) and I am putting these on a lead generation site so I am cherry picking places that don't look so hot, but I have usually do 3 each week and I have ZERO issues finding places I want to work that have their prices down noticeably.There is still plenty of irrational exuberance at the retail level (and the new "Investor" segment) but that seems to be driven more by hype and legacy than actual numbers in most places around here now. 

I don't quite understand the irrational exuberance on bay area real estate.

I would want to take title...I think there is way to much risk otherwise..people are irrational.

In most neighborhoods (perhaps not so much in newer developments), properties selling at or near "assessed" value are simply a fluke, and as anyone should know today, what a buyer and seller may agree to, in an arms length transaction has little to do with the "opinion" that might be rendered by an appraiser.Assigning a $/sf to a property based upon other properties sales prices is equally irrational.

Alan Greenspan called this irrational exuberance.

"the market can remain irrational longer than you can remain solvent."

Not bothering with irr at this point tho but with it's complexity looks like it should have it's own little section but there are excel functions for it. 

I would give them at least 5 days for a response.. your not going to get them to make an irrational rush decission because your a quick cash offer.

Were the advantages to outweigh their counterpart, would that create too much irrational exuberance?

More importantly there is just too much irrational optimism right now.