Lets come up with terms of the bet. You say the downside exceeds the upside. I say this house easily has 15 to 20% upside over the price he paid in the next 2 years. For you to be correct it would have to drop in value by more than that. I’m feeling charitable so here’s my offer. If the house can be comped in December 2012 for 10% less that what he paid you win. I think that is more than fair. If you dont like that, make a counter proposal.
Because my client is not party to this matter between us. You couldnt bid on the house any way as it is already under contract.
