Editing Talk:1894: Real Estate
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:Rings completely true to this 41 year old[[Special:Contributions/162.158.155.32|162.158.155.32]] 14:29, 25 September 2017 (UTC) | :Rings completely true to this 41 year old[[Special:Contributions/162.158.155.32|162.158.155.32]] 14:29, 25 September 2017 (UTC) | ||
::And to this 33 year old [[Special:Contributions/162.158.202.106|162.158.202.106]] 19:51, 26 September 2017 (UTC) | ::And to this 33 year old [[Special:Contributions/162.158.202.106|162.158.202.106]] 19:51, 26 September 2017 (UTC) | ||
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:It highlights what basically becomes an enormous difference in number size when doing some of these financial transactions. Having owned a house for three years now, I ''still'' cannot fully conceptualise the amount of debt I'm in. Sure, I know the number, and I signed all the papers, but it's an order of magnitude more than buying a car, which is an order of magnitude more than buying a 4k UHD TV, which itself is one of those things you don't even do every year. Within that context, being able to properly appraise whether that 10k discount (and driveway repairs) are worth it is fairly difficult to do. I got a 6k discount for a roof job that needed to be done on the house, along with an estimate that coincidentally expired before closing, that ended up costing me 11k. I had nowhere near any experience to know if any of that was reasonable, and, quite frankly, I still don't think I would have if I did it again. [[Special:Contributions/172.68.141.64|172.68.141.64]] 18:17, 25 September 2017 (UTC) | :It highlights what basically becomes an enormous difference in number size when doing some of these financial transactions. Having owned a house for three years now, I ''still'' cannot fully conceptualise the amount of debt I'm in. Sure, I know the number, and I signed all the papers, but it's an order of magnitude more than buying a car, which is an order of magnitude more than buying a 4k UHD TV, which itself is one of those things you don't even do every year. Within that context, being able to properly appraise whether that 10k discount (and driveway repairs) are worth it is fairly difficult to do. I got a 6k discount for a roof job that needed to be done on the house, along with an estimate that coincidentally expired before closing, that ended up costing me 11k. I had nowhere near any experience to know if any of that was reasonable, and, quite frankly, I still don't think I would have if I did it again. [[Special:Contributions/172.68.141.64|172.68.141.64]] 18:17, 25 September 2017 (UTC) | ||
::It's not just about evaluating the numbers in themselves, though. It's the cognitive dissonance between on the one hand knowing that $10,000, in the abstract, is a large amount of money (it could make a significant difference to your life), and on the other, it being well within your margin of error in judging what a house is worth. The amounts being discussed are at the same time both meaningless and hugely meaningful.[[Special:Contributions/162.158.155.32|162.158.155.32]] 11:30, 29 September 2017 (UTC) | ::It's not just about evaluating the numbers in themselves, though. It's the cognitive dissonance between on the one hand knowing that $10,000, in the abstract, is a large amount of money (it could make a significant difference to your life), and on the other, it being well within your margin of error in judging what a house is worth. The amounts being discussed are at the same time both meaningless and hugely meaningful.[[Special:Contributions/162.158.155.32|162.158.155.32]] 11:30, 29 September 2017 (UTC) |