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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: accountclosed who wrote (34858)10/30/1998 8:50:00 AM
From: Skeeter Bug  Read Replies (1) | Respond to of 132070
 
paul, good point. i do think it boils down to this, though. if i pay $1.00 for a $0.50 candy bar - no big deal to me.

if i sell a company for $200 million instead of $220 million to keep people employed (assuming i have no further cash obligations) - no big deal.

if i'm making $40k a year with a small fund for a downpayment and no other sources of income then it would hurt a lot to pay $250k for a home with a fiar market value of $200k.

everything is, of course, relative.

substantially over paying on a home b/c it is the only one i feel i could live with is something i don't feel comfortable doing given my relative starting point.

my nature is such that i don't think i'll ever be able to do that as i believe in efficiency. over paying is inefficient, imho. i could live a notch down and save tons of money to use in other productive ways. for example, keep a condo and look forward to the day it is paid off ;-)

point well taken. good luck.