If I put my house up for auction for $1 and it sold $100,000, is this mark up 'insanity'? Or do people use things other than the initial price to determine value?
You have shown repeatedly that you don't understand value, only price. And you use it in your guide arbitrarily (this is your methodology everyone is talking about that you have admitted excludes important factors in determining long term value) to decide whether something is a 'good investment'. Your methodology is bad which creates bad conclusions.
no. the better analogy is that you bought your house for 100 dollars in october, and sold it for 100,000+ in December.
What's wrong with that picture? Do i think its more likely that your house will be valued at 500K or 20k in the near future with a ridiculously fast appreicate like that? Unless you have the philospher's stone hidden in the basement, its closer to 20k.