UT: County housing market strengthening

[briansd1]

I actually think that CA Renter makes a good point about human psychology.

I think that there’s an aversion to handing a huge profit to a seller, especially when we know for certain what the seller paid for the item.

That’s what we call usury.

And that’s why we feel so angry when a taxi driver overcharges by $10 or a vendor at a tourist trap overcharges $3 for a trinket. We feel ripped-off even when small insignificant items are involved.

Wouldn’t you feel ripped off if you bought a new LCD TV today and tomorrow the same item is 20% off? Would you be happy if the seller refuses to adjust the price or take the item back?

[an]

Brian, if you buy a new car, would you feel ripped off as you drive it off the lot? Would you feel ripped off when you buy almost any tech toys? Would you call the act of people who sell their equity usury too? Especially when you know what they paid for it.

To answer your question, no, I don’t feel ripped off because I know it will depreciate sooner or later. With regards to taxi or trinket, that’s supply and demand at work. You can walk to your location, or you can rent a car and drive yourself. You don’t have to buy those trinket. But when you do, that’s your choice and you chose to pay for those things/services at those price.

[an]

Brian, if you buy a new car, would you feel ripped off as you drive it off the lot? Would you feel ripped off when you buy almost any tech toys? Would you call the act of people who sell their equity usury too? Especially when you know what they paid for it.

To answer your question, no, I don’t feel ripped off because I know it will depreciate sooner or later. With regards to taxi or trinket, that’s supply and demand at work. You can walk to your location, or you can rent a car and drive yourself. You don’t have to buy those trinket. But when you do, that’s your choice and you chose to pay for those things/services at those price.

[an]

Brian, if you buy a new car, would you feel ripped off as you drive it off the lot? Would you feel ripped off when you buy almost any tech toys? Would you call the act of people who sell their equity usury too? Especially when you know what they paid for it.

To answer your question, no, I don’t feel ripped off because I know it will depreciate sooner or later. With regards to taxi or trinket, that’s supply and demand at work. You can walk to your location, or you can rent a car and drive yourself. You don’t have to buy those trinket. But when you do, that’s your choice and you chose to pay for those things/services at those price.

[an]

Brian, if you buy a new car, would you feel ripped off as you drive it off the lot? Would you feel ripped off when you buy almost any tech toys? Would you call the act of people who sell their equity usury too? Especially when you know what they paid for it.

To answer your question, no, I don’t feel ripped off because I know it will depreciate sooner or later. With regards to taxi or trinket, that’s supply and demand at work. You can walk to your location, or you can rent a car and drive yourself. You don’t have to buy those trinket. But when you do, that’s your choice and you chose to pay for those things/services at those price.

[an]

Brian, if you buy a new car, would you feel ripped off as you drive it off the lot? Would you feel ripped off when you buy almost any tech toys? Would you call the act of people who sell their equity usury too? Especially when you know what they paid for it.

To answer your question, no, I don’t feel ripped off because I know it will depreciate sooner or later. With regards to taxi or trinket, that’s supply and demand at work. You can walk to your location, or you can rent a car and drive yourself. You don’t have to buy those trinket. But when you do, that’s your choice and you chose to pay for those things/services at those price.

[surveyor]

[quote=briansd1]I actually think that CA Renter makes a good point about human psychology.

I think that there’s an aversion to handing a huge profit to a seller, especially when we know for certain what the seller paid for the item.

That’s what we call usury.
[/quote]

No, Brian. Usury is something else.

usury: an exorbitant or unlawful rate of interest

usury: (comes from the Medieval Latin usuria, “interest” or from the Latin usura “interest”) originally meant the charging of interest on loans. This would have included charging a fee for the use of money, such as at a bureau de change.

usury: Charging interest in excess of the maximum rate as set by law.

[surveyor]

[quote=briansd1]I actually think that CA Renter makes a good point about human psychology.

I think that there’s an aversion to handing a huge profit to a seller, especially when we know for certain what the seller paid for the item.

That’s what we call usury.
[/quote]

No, Brian. Usury is something else.

usury: an exorbitant or unlawful rate of interest

usury: (comes from the Medieval Latin usuria, “interest” or from the Latin usura “interest”) originally meant the charging of interest on loans. This would have included charging a fee for the use of money, such as at a bureau de change.

usury: Charging interest in excess of the maximum rate as set by law.

[surveyor]

[quote=briansd1]I actually think that CA Renter makes a good point about human psychology.

I think that there’s an aversion to handing a huge profit to a seller, especially when we know for certain what the seller paid for the item.

That’s what we call usury.
[/quote]

No, Brian. Usury is something else.

usury: an exorbitant or unlawful rate of interest

usury: (comes from the Medieval Latin usuria, “interest” or from the Latin usura “interest”) originally meant the charging of interest on loans. This would have included charging a fee for the use of money, such as at a bureau de change.

usury: Charging interest in excess of the maximum rate as set by law.

[surveyor]

[quote=briansd1]I actually think that CA Renter makes a good point about human psychology.

I think that there’s an aversion to handing a huge profit to a seller, especially when we know for certain what the seller paid for the item.

That’s what we call usury.
[/quote]

No, Brian. Usury is something else.

usury: an exorbitant or unlawful rate of interest

usury: (comes from the Medieval Latin usuria, “interest” or from the Latin usura “interest”) originally meant the charging of interest on loans. This would have included charging a fee for the use of money, such as at a bureau de change.

usury: Charging interest in excess of the maximum rate as set by law.

[surveyor]

[quote=briansd1]I actually think that CA Renter makes a good point about human psychology.

I think that there’s an aversion to handing a huge profit to a seller, especially when we know for certain what the seller paid for the item.

That’s what we call usury.
[/quote]

No, Brian. Usury is something else.

usury: an exorbitant or unlawful rate of interest

usury: (comes from the Medieval Latin usuria, “interest” or from the Latin usura “interest”) originally meant the charging of interest on loans. This would have included charging a fee for the use of money, such as at a bureau de change.

usury: Charging interest in excess of the maximum rate as set by law.

[briansd1]

I know surveyor…. I was focusing on what we feel is exorbitant. Interest and profit are interchangeable words depending on the context.

[briansd1]

I know surveyor…. I was focusing on what we feel is exorbitant. Interest and profit are interchangeable words depending on the context.

[briansd1]

I know surveyor…. I was focusing on what we feel is exorbitant. Interest and profit are interchangeable words depending on the context.

[briansd1]

I know surveyor…. I was focusing on what we feel is exorbitant. Interest and profit are interchangeable words depending on the context.

[Author]

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