Saturday, February 17, 2007

Dog is my co-pilot

Oh, wait, I must've reversed the letters in that first word.

From the paper that I use to wipe my butt with (oh, sorry! I meant "paper of record", I must be drunk,) we have: The Psychology of Pricing.

In a market where buyers and sellers circle one another warily — each certain that he or she is being taken advantage of, no matter what the conclusion of a deal — the asking price of a property is rarely a straightforward reflection of comparable values. While comparables may be a starting point, the price at which a seller offers a property is often also based on wishful thinking, propaganda and ploy.

I'll give you a simpler version of this, you fuckin' rug-chompers!

There's only one determinant of price: the bid.

Nobody "needs" to buy, but a lot of people may or may not need to sell. That's why the bid rules all markets. Everything from EBay to the most expensive Van Gogh on sale at Sotheby's!

So long, suckahs! Meet you in bankruptcy court!

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