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The New Coffee Room

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  3. Maybe this person can explain how tariffs increase prosperity

Maybe this person can explain how tariffs increase prosperity

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  • HoraceH Offline
    HoraceH Offline
    Horace
    wrote last edited by
    #1

    Saw this on my neighborhood facebook page, in response to a question about how people can afford pools, because loans are so hard to get:

    I negotiated with an investor to pay it off in full and then I pay the investor monthly, so it kills the interest and don’t have to take out a pool loan.

    There must be a key to how that's not a loan, and that key must explain how tariffs work. It is the missing piece of the puzzle.

    Education is extremely important.

    1 Reply Last reply
    • LuFins DadL Offline
      LuFins DadL Offline
      LuFins Dad
      wrote last edited by
      #2

      The fascinating part? That person’s likely an executive with some sort m of decision making.responsibility…

      The Brad

      HoraceH 1 Reply Last reply
      • MikM Offline
        MikM Offline
        Mik
        wrote last edited by
        #3

        Now replace investor with sucker and pay him to pretend to pay him.

        Say….that kinda works.

        “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

        1 Reply Last reply
        • B Offline
          B Offline
          blondie
          wrote last edited by
          #4

          Sounds like the investor could be grandma, swimming in cash and shortly into heaven, & the pool owner is written up gaining in her will.

          1 Reply Last reply
          • LuFins DadL LuFins Dad

            The fascinating part? That person’s likely an executive with some sort m of decision making.responsibility…

            HoraceH Offline
            HoraceH Offline
            Horace
            wrote last edited by
            #5

            @LuFins-Dad said in Maybe this person can explain how tariffs increase prosperity:

            The fascinating part? That person’s likely an executive with some sort m of decision making.responsibility…

            She's actually a real estate agent who uses that neighborhood facebook page for lots of her networking and advertising. I guess her clients are told the story of the easy no-loan pool that you pay for over time, but definitely without a loan.

            Education is extremely important.

            Doctor PhibesD LuFins DadL 2 Replies Last reply
            • jon-nycJ Offline
              jon-nycJ Offline
              jon-nyc
              wrote last edited by
              #6

              Reminds me of Murabaha, aka Islamic Finance. The bank purchases an asset and sells it to the client at a markup, paid in installments, but it's definitely not a loan. Because that would be forbidden.

              At CS our Emerging Markets Fixed income desk had a Murabaha trading book.

              Only non-witches get due process.

              • Cotton Mather, Salem Massachusetts, 1692
              HoraceH 1 Reply Last reply
              • RenaudaR Offline
                RenaudaR Offline
                Renauda
                wrote last edited by
                #7

                A “rent to own” scheme.

                Elbows up!

                1 Reply Last reply
                • HoraceH Horace

                  @LuFins-Dad said in Maybe this person can explain how tariffs increase prosperity:

                  The fascinating part? That person’s likely an executive with some sort m of decision making.responsibility…

                  She's actually a real estate agent who uses that neighborhood facebook page for lots of her networking and advertising. I guess her clients are told the story of the easy no-loan pool that you pay for over time, but definitely without a loan.

                  Doctor PhibesD Online
                  Doctor PhibesD Online
                  Doctor Phibes
                  wrote last edited by
                  #8

                  @Horace said in Maybe this person can explain how tariffs increase prosperity:

                  She's actually a real estate agent who uses that neighborhood facebook page for lots of her networking and advertising.

                  She's not the same person that had those fake massive hooters and got into a big redneck-style argument over something or other I can't remember, is she?

                  I was only joking

                  HoraceH 1 Reply Last reply
                  • Doctor PhibesD Doctor Phibes

                    @Horace said in Maybe this person can explain how tariffs increase prosperity:

                    She's actually a real estate agent who uses that neighborhood facebook page for lots of her networking and advertising.

                    She's not the same person that had those fake massive hooters and got into a big redneck-style argument over something or other I can't remember, is she?

                    HoraceH Offline
                    HoraceH Offline
                    Horace
                    wrote last edited by
                    #9

                    @Doctor-Phibes said in Maybe this person can explain how tariffs increase prosperity:

                    @Horace said in Maybe this person can explain how tariffs increase prosperity:

                    She's actually a real estate agent who uses that neighborhood facebook page for lots of her networking and advertising.

                    She's not the same person that had those fake massive hooters and got into a big redneck-style argument over something or other I can't remember, is she?

                    Nope.

                    Education is extremely important.

                    1 Reply Last reply
                    • B Offline
                      B Offline
                      blondie
                      wrote last edited by
                      #10

                      Duh! :blondie smacks her head: .. that kind of pool . I do feel rather stupid now.

                      LuFins DadL 1 Reply Last reply
                      • B blondie

                        Duh! :blondie smacks her head: .. that kind of pool . I do feel rather stupid now.

                        LuFins DadL Offline
                        LuFins DadL Offline
                        LuFins Dad
                        wrote last edited by
                        #11

                        @blondie said in Maybe this person can explain how tariffs increase prosperity:

                        Duh! :blondie smacks her head: .. that kind of pool . I do feel rather stupid now.

                        Think of it as an outdoor skating rink that thawed. Permanently.

                        The Brad

                        1 Reply Last reply
                        • HoraceH Horace

                          @LuFins-Dad said in Maybe this person can explain how tariffs increase prosperity:

                          The fascinating part? That person’s likely an executive with some sort m of decision making.responsibility…

                          She's actually a real estate agent who uses that neighborhood facebook page for lots of her networking and advertising. I guess her clients are told the story of the easy no-loan pool that you pay for over time, but definitely without a loan.

                          LuFins DadL Offline
                          LuFins DadL Offline
                          LuFins Dad
                          wrote last edited by
                          #12

                          @Horace said in Maybe this person can explain how tariffs increase prosperity:

                          @LuFins-Dad said in Maybe this person can explain how tariffs increase prosperity:

                          The fascinating part? That person’s likely an executive with some sort m of decision making.responsibility…

                          She's actually a real estate agent who uses that neighborhood facebook page for lots of her networking and advertising. I guess her clients are told the story of the easy no-loan pool that you pay for over time, but definitely without a loan.

                          Oh, so not in a career that needs to understand the nature of lenders, collateral, and payments. Got it.

                          The Brad

                          HoraceH 1 Reply Last reply
                          • LuFins DadL LuFins Dad

                            @Horace said in Maybe this person can explain how tariffs increase prosperity:

                            @LuFins-Dad said in Maybe this person can explain how tariffs increase prosperity:

                            The fascinating part? That person’s likely an executive with some sort m of decision making.responsibility…

                            She's actually a real estate agent who uses that neighborhood facebook page for lots of her networking and advertising. I guess her clients are told the story of the easy no-loan pool that you pay for over time, but definitely without a loan.

                            Oh, so not in a career that needs to understand the nature of lenders, collateral, and payments. Got it.

                            HoraceH Offline
                            HoraceH Offline
                            Horace
                            wrote last edited by
                            #13

                            @LuFins-Dad said in Maybe this person can explain how tariffs increase prosperity:

                            @Horace said in Maybe this person can explain how tariffs increase prosperity:

                            @LuFins-Dad said in Maybe this person can explain how tariffs increase prosperity:

                            The fascinating part? That person’s likely an executive with some sort m of decision making.responsibility…

                            She's actually a real estate agent who uses that neighborhood facebook page for lots of her networking and advertising. I guess her clients are told the story of the easy no-loan pool that you pay for over time, but definitely without a loan.

                            Oh, so not in a career that needs to understand the nature of lenders, collateral, and payments. Got it.

                            I guess she mostly understands stories she can tell to convince people to sign contracts that tie them to things such as lenders, collateral, and payments. But those things are nuisances to her stories, and she probably doesn't talk or think about them much.

                            Education is extremely important.

                            1 Reply Last reply
                            • HoraceH Offline
                              HoraceH Offline
                              Horace
                              wrote last edited by
                              #14

                              In other parts of the thread, people are talking about how they financed their own pool. One borrowed most, and raided their retirement savings for a downpayment. I guess they really like pools.

                              Education is extremely important.

                              1 Reply Last reply
                              • jon-nycJ Offline
                                jon-nycJ Offline
                                jon-nyc
                                wrote last edited by
                                #15

                                At least they can use them most of the year. What I don’t get is people who put them in up here.

                                Only non-witches get due process.

                                • Cotton Mather, Salem Massachusetts, 1692
                                MikM 1 Reply Last reply
                                • jon-nycJ jon-nyc

                                  Reminds me of Murabaha, aka Islamic Finance. The bank purchases an asset and sells it to the client at a markup, paid in installments, but it's definitely not a loan. Because that would be forbidden.

                                  At CS our Emerging Markets Fixed income desk had a Murabaha trading book.

                                  HoraceH Offline
                                  HoraceH Offline
                                  Horace
                                  wrote last edited by
                                  #16

                                  @jon-nyc said in Maybe this person can explain how tariffs increase prosperity:

                                  Reminds me of Murabaha, aka Islamic Finance. The bank purchases an asset and sells it to the client at a markup, paid in installments, but it's definitely not a loan. Because that would be forbidden.

                                  At CS our Emerging Markets Fixed income desk had a Murabaha trading book.

                                  My chase credit card has a "pay over time" program available for every purchase over $100. There's no "loan", or "interest", but the payments add up to more than the original price, because of "fees". Those fees are 5.5%, if paid off over a year.

                                  Education is extremely important.

                                  MikM 1 Reply Last reply
                                  • jon-nycJ jon-nyc

                                    At least they can use them most of the year. What I don’t get is people who put them in up here.

                                    MikM Offline
                                    MikM Offline
                                    Mik
                                    wrote last edited by
                                    #17

                                    @jon-nyc said in Maybe this person can explain how tariffs increase prosperity:

                                    At least they can use them most of the year. What I don’t get is people who put them in up here.

                                    An expensive three weeks for sure.

                                    “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                                    jon-nycJ 1 Reply Last reply
                                    • HoraceH Horace

                                      @jon-nyc said in Maybe this person can explain how tariffs increase prosperity:

                                      Reminds me of Murabaha, aka Islamic Finance. The bank purchases an asset and sells it to the client at a markup, paid in installments, but it's definitely not a loan. Because that would be forbidden.

                                      At CS our Emerging Markets Fixed income desk had a Murabaha trading book.

                                      My chase credit card has a "pay over time" program available for every purchase over $100. There's no "loan", or "interest", but the payments add up to more than the original price, because of "fees". Those fees are 5.5%, if paid off over a year.

                                      MikM Offline
                                      MikM Offline
                                      Mik
                                      wrote last edited by
                                      #18

                                      @Horace said in Maybe this person can explain how tariffs increase prosperity:

                                      My chase credit card has a "pay over time" program available for every purchase over $100. There's no "loan", or "interest", but the payments add up to more than the original price, because of "fees". Those fees are 5.5%, if paid off over a year.

                                      Yeah, we have pretty hefty credit card bills because pretty much everything goes on them, so they're always offering these options to us.

                                      No thanks. If you can't pay it off at the end of the month you can't afford it.

                                      “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                                      1 Reply Last reply
                                      • MikM Mik

                                        @jon-nyc said in Maybe this person can explain how tariffs increase prosperity:

                                        At least they can use them most of the year. What I don’t get is people who put them in up here.

                                        An expensive three weeks for sure.

                                        jon-nycJ Offline
                                        jon-nycJ Offline
                                        jon-nyc
                                        wrote last edited by
                                        #19

                                        @Mik said in Maybe this person can explain how tariffs increase prosperity:

                                        @jon-nyc said in Maybe this person can explain how tariffs increase prosperity:

                                        At least they can use them most of the year. What I don’t get is people who put them in up here.

                                        An expensive three weeks for sure.

                                        When we were moving up here 12 years ago, the realtor showed me a house with a pool. I said I wasn’t interested because I had to pay for it three times. Once in the purchase price, once to get it filled in, and again with higher taxes that come with the pool.

                                        Only non-witches get due process.

                                        • Cotton Mather, Salem Massachusetts, 1692
                                        1 Reply Last reply
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