You and Techie are nicely illustrating a central blind spot of rightwing ideologues: You think money has intrinsic value. And you seem to think that the number you assign to something actually determines its value. You reverse cause and effect.
You've been in the same home for a long time, so you probably don't remember what it's like to work with an appraiser. One of the contributing factors in the mortgage meltdown was accommodating appraisers, the ones who--as I learned while working for a mortgage broker--respond well to code phrases like "the buyer sure needs this come in at...", and somehow it always did.
If the appraiser padded his estimate of the appropriate price of a home by 10%, did he increase its intrinsic value by 10%?
You're confusing utility value with transactional value: The price a buyer is willing to pay at a certain point in time, based on a certain set of facts which may or may not be true, and which in any case may change over time. You also buy into the related nonsense that inflation actually increases the value of something.
Does the fact that the prices for things of fixed inherent value fluctuate over time not clue you in to the disconnect between price and value? How can you miss it?
I seem to have fallen once again into the trap of trying to reason with a rightwing ideologue. This can't turn out well.
Flame » in reply to I heard this somewhere:
"A conservative is somebody who knows the price of everything, and the value of nothing."
The whole thread (32 posts)
- The economy is not consumer driven?
- Property is merely a euphemism used to justify violence. Ask the Indians.
- I see what you mean
- No, you just didn't get it. Or didn't want to.
- Barking mad
- In other words...
- No, you just didn't get it. Or didn't want to.
- "Consumers" don't buy housing.