Friday, we bought a house. We've been on the lookout for a while now, but Thursday we were at the viewing of what appeared to be an ideal house, we put in a bid on Friday morning, and approximately 8:45 PM the deal was done. Fan-freakin'-tastic!
Come March, we won't have to share any exterior walls with anyone else, and we'll even have a hyooge twin garage. Moreover, we'll have almost 1000 square meters of yard, and a wonderful view of the fjord.
...and yes; freakonomics work. We used freakonomics liberally in the bidding strategy, most notably the fact that the realtor makes more profit by moving more objects than holding out for a small increase in asking price. In other words, statistically, the realtors don't really have the seller's best interest in mind, despite what one might think. Even though the goals are common, holding out for a greater bid means diminishing profits for the realtor, which means that he'll have to wait longer to upgrade the lease to a newer/larger model of his or her BMW.
Now to sell the house we've got now....
Come March, we won't have to share any exterior walls with anyone else, and we'll even have a hyooge twin garage. Moreover, we'll have almost 1000 square meters of yard, and a wonderful view of the fjord.
...and yes; freakonomics work. We used freakonomics liberally in the bidding strategy, most notably the fact that the realtor makes more profit by moving more objects than holding out for a small increase in asking price. In other words, statistically, the realtors don't really have the seller's best interest in mind, despite what one might think. Even though the goals are common, holding out for a greater bid means diminishing profits for the realtor, which means that he'll have to wait longer to upgrade the lease to a newer/larger model of his or her BMW.
Now to sell the house we've got now....
Posts
7 comments:
Yeah. Congrats.
Although I think you in addition to freakonomics was very lucky. I.e., not other bidders.
Now, you just need to get the financial sorted out. You will of course contact Terra Securities which has invested all your savings to get some of it back. But, if you have a bit more time, you could even make a profit on this house even before you've moved into it. If you contact Ms Portia Ama Kwabina in Ghana, she has a really sweet deal for you. If you can prove that you're an honest and reliable man, that is..
Oh yeah - plus she's a single mother WITH a child, so one can tell she's trustworthy. Crafty too, seeing as how the branch manager of a local bank somehow managed to wrangle up more money than the GNP of seven African countries, just skimming off the top.
NO, she's not very trust-worthy. Didn't you noticed that she did NOT report the whole income from her branch? Damn, I bet she'll only let have have 10% when the deal is done. Sneaky women...
Yeah, but she'll give a truckload of the profit to orphans who don't have parents, probably while continuing to be a single Ghanian mother WITH a child
Oh, I forgot to add:
YOU GREEDY CAPITALIST PIG! Why on earth do you need TWO houses? You're just exploiting the working man for your own profit!
LONG LIVE THE INDISSOLUTE UNION OF THE WORKING CLASS, THE PEASANTRY, AND THE INTELLIGENTSIA!
(Just a reminder of the neighbourhood you're now leaving behind)
;-)
Thanks for the reminder, Chief...
Post a Comment