Maybe this person can explain how tariffs increase prosperity

[Mik]

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

Say….that kinda works.

[blondie]

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

[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.

[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.

[Renauda]

A “rent to own” scheme.

[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?

[Horace]

@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.

[blondie]

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

[LuFins Dad]

@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.

[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.

[Horace]

@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.

[Horace]

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.

[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.

[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.

[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.

[Mik]

@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.

[jon-nyc]

@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.