Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Jonathan Babb who wrote (14561)	10/11/1998 8:06:00 PM
From: Market Tracker	Respond to of 18691

How price will attempt to quantify morality, or the Sunday Sermon. <G> Home #1 for sale with owner-known defects such as radon gas, lead paint, "haunted house" syndrome, or a house where a multiple murder has taken place in the past. Home #2 for sale on an earthquake fault line, runway approach zone, busy street, high crime area, or former toxic waste dump. The owner of home #1 would/should be legally required to disclose the radon gas and lead paint problems. What about a "house with a history" such as the aforementioned multiple slaying, or an evil, mean-spirited Canadian mm ...errr... poltergeist? Should this become a morality issue in the eyes of the home seller? Rhetorical. Homeowner #2 probably has no moral responsibility to disclose the home's proximity to a runway approach zone or busy street, as that shortcoming could be ably determined by a buyer doing the necessary due diligence, and would be reflected in any subsequent purchase offer that would be made on that property. Morality wouldn't even have to enter the picture regarding the disclosure of a high crime zone, The depressed selling price would be the real estate market's attempt to quantify the perceived risk of purchasing that home and living in the high crime area, i.e. price would be the great equalizer, in effect negating or minimizing the morality issue. Let the buyer/shorter beware. In a totally free capitalistic society, price is a quantification of perceived risk. All prices have their risks, and all risks have their prices. Price, in most cases, should relegate morality to a backseat role in most financial transactions. Just my opinion, and all resemblances to the stock market are purely coincidental. MT