On 6/11/2013 6:54 PM, Steven Schveighoffer wrote:
On Tue, 11 Jun 2013 17:29:45 -0400, Walter Bright <[email protected]>
wrote:
On 6/11/2013 2:19 PM, Steven Schveighoffer wrote:
Define financially better off :)
You have mo' moolah. Is their any other definition?
Cash is not always the only consideration. Equity has value.
I know that. I took accounting, and know that any asset that can be exchanged
for money is as good as money. Home equity can be quickly converted to cash via
a home equity loan, or a bit more slowly by selling it.
Property will ALWAYS have
value, even if almost everything else goes to shit.
Unless you buy in Detroit! (And that's far from the only such example. Many
small towns in America are like that.)
Most people don't notice that both questions are EXACTLY the same.
Most people are math challenged. A friend of mine in the used car lot business
told me that's how they make their money - off of people who simply don't
understand how financing works, even when they're flatly told how it works.
Pick up a copy of the book "Influence". I bet you'll find it fascinating! I sure
did.
