Maybe this person can explain how tariffs increase prosperity
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wrote on 14 May 2025, 15:33 last edited by
Duh! :blondie smacks her head: .. that kind of pool . I do feel rather stupid now.
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wrote on 14 May 2025, 15:45 last edited by
@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.
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@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.
wrote on 14 May 2025, 15:47 last edited by@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.
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@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.
wrote on 14 May 2025, 16:59 last edited by@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.
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wrote on 14 May 2025, 21:58 last edited by
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.
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wrote on 14 May 2025, 22:11 last edited by
At least they can use them most of the year. What I don’t get is people who put them in up here.
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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.
wrote on 15 May 2025, 17:47 last edited by@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.
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At least they can use them most of the year. What I don’t get is people who put them in up here.
wrote on 15 May 2025, 20:27 last edited by@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.
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@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.
wrote on 15 May 2025, 20:28 last edited by@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.
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@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.
wrote on 15 May 2025, 20:59 last edited by@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.