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April 16, 2010 at 3:30 PM #540783April 16, 2010 at 3:31 PM #539819briansd1Guest
AN, I feel that same way you do, but that’s too rational. It’s not how most people feel, at least the way I’ve observed it.
So, I can understand why people would not want to “overpay” for a house.
The same (but in reverse) psychology is at play when we hear homeowners say things like “well, my mortgage is $3,000 per month on this condo, so I need to get at least that. With the other expenses, I’m losing money.”
I feel like replying “well, why are you telling me? Why is that my problem?”.
But that would insensitive. So the proper answer is “well, I’m on a budget so I can only afford $2,300, but I might be able to swing $2,500 if we can do a 1-year lease. Let me talk to my wife to see if we can do it.”
April 16, 2010 at 3:31 PM #539940briansd1GuestAN, I feel that same way you do, but that’s too rational. It’s not how most people feel, at least the way I’ve observed it.
So, I can understand why people would not want to “overpay” for a house.
The same (but in reverse) psychology is at play when we hear homeowners say things like “well, my mortgage is $3,000 per month on this condo, so I need to get at least that. With the other expenses, I’m losing money.”
I feel like replying “well, why are you telling me? Why is that my problem?”.
But that would insensitive. So the proper answer is “well, I’m on a budget so I can only afford $2,300, but I might be able to swing $2,500 if we can do a 1-year lease. Let me talk to my wife to see if we can do it.”
April 16, 2010 at 3:31 PM #540412briansd1GuestAN, I feel that same way you do, but that’s too rational. It’s not how most people feel, at least the way I’ve observed it.
So, I can understand why people would not want to “overpay” for a house.
The same (but in reverse) psychology is at play when we hear homeowners say things like “well, my mortgage is $3,000 per month on this condo, so I need to get at least that. With the other expenses, I’m losing money.”
I feel like replying “well, why are you telling me? Why is that my problem?”.
But that would insensitive. So the proper answer is “well, I’m on a budget so I can only afford $2,300, but I might be able to swing $2,500 if we can do a 1-year lease. Let me talk to my wife to see if we can do it.”
April 16, 2010 at 3:31 PM #540503briansd1GuestAN, I feel that same way you do, but that’s too rational. It’s not how most people feel, at least the way I’ve observed it.
So, I can understand why people would not want to “overpay” for a house.
The same (but in reverse) psychology is at play when we hear homeowners say things like “well, my mortgage is $3,000 per month on this condo, so I need to get at least that. With the other expenses, I’m losing money.”
I feel like replying “well, why are you telling me? Why is that my problem?”.
But that would insensitive. So the proper answer is “well, I’m on a budget so I can only afford $2,300, but I might be able to swing $2,500 if we can do a 1-year lease. Let me talk to my wife to see if we can do it.”
April 16, 2010 at 3:31 PM #540773briansd1GuestAN, I feel that same way you do, but that’s too rational. It’s not how most people feel, at least the way I’ve observed it.
So, I can understand why people would not want to “overpay” for a house.
The same (but in reverse) psychology is at play when we hear homeowners say things like “well, my mortgage is $3,000 per month on this condo, so I need to get at least that. With the other expenses, I’m losing money.”
I feel like replying “well, why are you telling me? Why is that my problem?”.
But that would insensitive. So the proper answer is “well, I’m on a budget so I can only afford $2,300, but I might be able to swing $2,500 if we can do a 1-year lease. Let me talk to my wife to see if we can do it.”
April 16, 2010 at 3:37 PM #539834anParticipantInterest is profit, but profit is not always interest. So, no they’re not interchangeable, when talking about a house. Usury is when the bank you got a loan from to buy this house charge you 100% interest. Not that when the seller try to get 100% profit. There’s no law against making a profit.
April 16, 2010 at 3:37 PM #539956anParticipantInterest is profit, but profit is not always interest. So, no they’re not interchangeable, when talking about a house. Usury is when the bank you got a loan from to buy this house charge you 100% interest. Not that when the seller try to get 100% profit. There’s no law against making a profit.
April 16, 2010 at 3:37 PM #540427anParticipantInterest is profit, but profit is not always interest. So, no they’re not interchangeable, when talking about a house. Usury is when the bank you got a loan from to buy this house charge you 100% interest. Not that when the seller try to get 100% profit. There’s no law against making a profit.
April 16, 2010 at 3:37 PM #540518anParticipantInterest is profit, but profit is not always interest. So, no they’re not interchangeable, when talking about a house. Usury is when the bank you got a loan from to buy this house charge you 100% interest. Not that when the seller try to get 100% profit. There’s no law against making a profit.
April 16, 2010 at 3:37 PM #540788anParticipantInterest is profit, but profit is not always interest. So, no they’re not interchangeable, when talking about a house. Usury is when the bank you got a loan from to buy this house charge you 100% interest. Not that when the seller try to get 100% profit. There’s no law against making a profit.
April 16, 2010 at 3:49 PM #539839briansd1GuestAN, I was talking about psychology and the gut feelings that people feel sometimes.
Think of my use of the word usury as more poetic than prosaic.
April 16, 2010 at 3:49 PM #539960briansd1GuestAN, I was talking about psychology and the gut feelings that people feel sometimes.
Think of my use of the word usury as more poetic than prosaic.
April 16, 2010 at 3:49 PM #540432briansd1GuestAN, I was talking about psychology and the gut feelings that people feel sometimes.
Think of my use of the word usury as more poetic than prosaic.
April 16, 2010 at 3:49 PM #540523briansd1GuestAN, I was talking about psychology and the gut feelings that people feel sometimes.
Think of my use of the word usury as more poetic than prosaic.
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