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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 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 Offline
    Doctor PhibesD Offline
    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 Online
                  jon-nycJ Online
                  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 Online
                          jon-nycJ Online
                          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
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