Sorry Brent, but it looked like we were drifting from IMF stuff so I opened this thread.
quote:
Originally posted by BrentBozo: Hi, Ronald. I remember your advocating of the estates on the Santa Ynez Mountains. Why not, 'cept that even a fairly progressive city such as Portland has a hard time subsidizing enough affordable apartment units, let alone helping to build single-family dwellings on open land.
But I guess your contention is that the reason the single-family dwellings are too high-priced for the working poor is due to land-use regulation? That is a popular canard around here, as our area has been the only one in the U.S. that has an actual boundary line that limits sprawl (although that is under challenge due to a recently-passed ballot measure).
So, Portland has more regulation than any California metro area, but still the real estate prices in any Cailf. metro area that is anywhere near the ocean are higher than in Portland.
I am not actually stating for the vast majority of the Santa Ynez Mountains to have housing but for an idea of what I see:
And these are the mountains behind Santa Barbara: The whole coastline south of SB is like this.
While I am not advocating that every America is entitled to a little piece of land, but at least affordable housing should be the goal. The question is why should the government have to subsidize housing at all?
It will be hard to compare which has more regulations. But for Santa Barbara it is manifested in its various boards where regulations no longer take on the intentions of the planners. I can give you a whole list of horror stories of people asking for planning approval and being rejected for lame excuses.
I would say that yes there is some hard drawn lines in the sand here. And not all are written in stone (laws). Various groups have taken it upon themselves to oppose any (I mean ANY!!!!) development.
Just think about what is preventing the homeless from having a decent dwelling to live in?
Posts: 7939 | Location: Santa Barbara | Registered: 19 July 2005
Just think about what is preventing the homeless from having a decent dwelling to live in?
Money Means Motivation Education Desire Work Ethic Personality Personal Hygene Crazy Drugs
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"I stand or fall on my own words."
Posts: 7253 | Location: PORTLAND | Registered: 07 November 2005
Interesting Loganthor. I was hoping you could explain about the housing in Portland instead of casting aspersions on the poor people. Money/Means Well how much is enough money? I think if you look they do have money, just not enough for housing in SB. If there was a paradigm shift in regulations then more innovative designs could come to the market. I placed means in this category to signify that other sources could help but they just are not enough under the present market conditions. Education There are plenty of jobs still that require very little education. As a matter of fact some of the street/sidewalk sweepers don't look too bright here. Desire True we can not help them with that. But if prices were allowed to clear the market for low income people then some would find a desire to keep their belongings and possessions safe. Including all the their collections of plastic bags and 7-11 cups. Work Ethic Again we can't help them with that. There is a younger gentleman that hangs around the Museum of Art and puts up signs like "I am too smart for the capitalist system". Personality Well as far as personality, there is a group that hangs around the probation office next to the Day Labor office. And I can't imagine hiring any of them, but someone does. Personal Hygene Again, I see plenty of people with that problem get jobs. And having a domicile can greatly increase the chance of regular bathing. Even a place to put a toothbrush! Crazy You have a job right? Need I say more? Drugs Well at least they can do it in the privacy of their domicile. You know life on the streets can be hard. Where to hide your stash or cash or your old issues of the Independent...
It is not like housing has to cost 2,200 pounds ($4,340) a square foot where a 77 foot-square former storage room is a domicile. Tiny London Apartment on Sale for $335K
I hope you realize that you are just a neocon and that you will believe 25 news sources over Juan Cole.
Posts: 7939 | Location: Santa Barbara | Registered: 19 July 2005
I read in the Denver Post last sunday a report about how the cost of living anywhere around Vail, Colorado has become so high that wealthy homeowners are complaining that can't get anyone to clean their house and groom their gardens. Commuting from a reasonably priced neighborhood in that mountainous terrain is out of the question. There isn't any low-income housing anywhere near Vail. It seems that the super-rich have painted themselves into a demographic corner.
The solution? I don't know. The same thing has been happening in Santa Fe for several years now and sure enough, city council is besieged with demands from wealthy people that low-income housing be subsidized by everone, not just the wealthy. So that is the irony of the situation. The wealthy not only create the high cost of living but they want the poor people to help them bring it down so they can pay less for labor.
-- The only time we see the middle of the road is as we run from side to side. R.O.Clark
Posts: 3959 | Location: Santa Fe | Registered: 11 June 2003
Interesting Loganthor. I was hoping you could explain about the housing in Portland instead of casting aspersions on the poor people.
I believe my Aspersions were directed at the homeless and not on the poor.
quote:
Money/Means Well how much is enough money? I think if you look they do have money, just not enough for housing in SB. If there was a paradigm shift in regulations then more innovative designs could come to the market. I placed means in this category to signify that other sources could help but they just are not enough under the present market conditions.
I believe for SB the median Home price is $637,830. SO, you need slightly more then that.. Go live somewhere else in the County of SB and it is only $410,229 Go find somewhere else in California and avg is $304,168 Come move to Portland $270,500. for you, that’s a great deal. Come by this week end and you can ride the Tram for free
quote:
Education There are plenty of jobs still that require very little education. As a matter of fact some of the street/sidewalk sweepers don't look too bright here.
Do you think that a street sweeper because he works 40 hour weeks should be government subsidized so he may live on the Beach of Santa Barbara? Or are the really good properties reserved for those who can afford them, that “generally” required medical degrees, Law degrees, or just be an overpaid actor.
quote:
Desire True we can not help them with that. But if prices were allowed to clear the market for low income people then some would find a desire to keep their belongings and possessions safe. Including all the their collections of plastic bags and 7-11 cups. Work Ethic Again we can't help them with that. There is a younger gentleman that hangs around the Museum of Art and puts up signs like "I am too smart for the capitalist system".
The capitalist system is set up with built-in incentives. You desire the Santa Barbara lifestyle, you need to do want it takes. Deal Drug, Prostitution, Porn Industry, Date Paris Hilton… etc..
quote:
Personality Well as far as personality, there is a group that hangs around the probation office next to the Day Labor office. And I can't imagine hiring any of them, but someone does.
My feeling is, if you’re a Dick and dislike people, DO NOT become a salesman. Street Sweeper may be more up the alley, But then you do not get the Santa Barbara lifestyle.
quote:
Personal Hygene Again, I see plenty of people with that problem get jobs. And having a domicile can greatly increase the chance of regular bathing. Even a place to put a toothbrush!
MIGHT increase the chance, but then again refer to desire and personality. Domiciles are offered to homeless some choose to stay some don’t.
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Crazy You have a job right? Need I say more?
I suppose it is crazy to play in the rat race, I was referring to those who think they are Elvis and are invisible. Then again, my crazy got me a great house, in a great neighborhood, that has a great school
quote:
Drugs Well at least they can do it in the privacy of their domicile. You know life on the streets can be hard. Where to hide your stash or cash or your old issues of the Independent...
You of course are referring to the government subsidized house for those too high on drugs to work. Perhaps a split level house on Santa Barbara Beach? Nothing like rewarding bad behavior, Show me where to get some crack..
**** Disclaimer: The information in this weblog is provided "AS IS" with no warranties, and confers no rights. This weblog does not represent the thoughts, intentions, plans or strategies of my owner. It is solely my own personal opinion. Inappropriate comments will be deleted at the authors discretion.***
"I stand or fall on my own words."
Posts: 7253 | Location: PORTLAND | Registered: 07 November 2005
Hi Slab, I see you have been getting around here a lot lately. My advice to you is to look up nihilist (if you have not done so already) and study it a little bit.
Can I mark you down for someone that comes to SB to visit Santa Ynez Mountains, and not some stink'n beach?
Posts: 7939 | Location: Santa Barbara | Registered: 19 July 2005
Originally posted by Ronald Rutherford: Hi Slab, I see you have been getting around here a lot lately. My advice to you is to look up nihilist (if you have not done so already) and study it a little bit.
Can I mark you down for someone that comes to SB to visit Santa Ynez Mountains, and not some stink'n beach?
Hi Ronald,
I did read about nihilism. You are right. This place is quite interesting. Most seem like good folks but the fringe element is right out of planet of the apes. It's pretty amazing. This is the first place I've elected to use the ignore button.
I love the mountains, but I enjoy the beach as well. The Channel Islands have been a favorite for 40+ years.
^^^^^^^^^^^^^^^^^^^ "A vote is like a rifle: its usefulness depends upon the character of the user."
Theodore Roosevelt, 1913
Posts: 2404 | Location: Redmond WA | Registered: 04 September 2006
Originally posted by Gnarlodious: I read in the Denver Post last sunday a report about how the cost of living anywhere around Vail, Colorado has become so high that wealthy homeowners are complaining that can't get anyone to clean their house and groom their gardens. Commuting from a reasonably priced neighborhood in that mountainous terrain is out of the question. There isn't any low-income housing anywhere near Vail. It seems that the super-rich have painted themselves into a demographic corner.
The solution? I don't know. The same thing has been happening in Santa Fe for several years now and sure enough, city council is besieged with demands from wealthy people that low-income housing be subsidized by everone, not just the wealthy. So that is the irony of the situation. The wealthy not only create the high cost of living but they want the poor people to help them bring it down so they can pay less for labor.
So it sounds similar to Santa Barbara. There is so many levels and degrees of limiting the supply of low income housing and housing in general that now they have to find ways to subsidize the incomes of city workers.
And Loganthor I will be sure to respond to your funny post, you silly rabbit.
Posts: 7939 | Location: Santa Barbara | Registered: 19 July 2005
Jay, I've been working on a deal in St. Kitts. How bout some deep sea fishing?
A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.
Posts: 8264 | Location: Fl | Registered: 05 July 2001
Interesting Loganthor. I was hoping you could explain about the housing in Portland instead of casting aspersions on the poor people.
I believe my Aspersions were directed at the homeless and not on the poor. Since by definition (even yourself have conceded), that the homeless are poor then you can not so easily differentiate the two classes.
quote:
Money/Means Well how much is enough money? I think if you look they do have money, just not enough for housing in SB. If there was a paradigm shift in regulations then more innovative designs could come to the market. I placed means in this category to signify that other sources could help but they just are not enough under the present market conditions.
I believe for SB the median Home price is $637,830. SO, you need slightly more then that.. Go live somewhere else in the County of SB and it is only $410,229 Go find somewhere else in California and avg is $304,168 Come move to Portland $270,500. for you, that’s a great deal. Come by this week end and you can ride the Tram for free Good advice! As soon as my present job is finished, then we will think about all those other locations. Maybe India? Maybe in that 15 spare acres you have. As I told you, those numbers for SB is underestimated. That population number shows it for the total SB metropolitan area (including Carpenteria, Goleta and maybe even Summerland). I saw one number for Monticito (limousine liberals living in the hills behind SB) as around 1 million dollars.
quote:
Education There are plenty of jobs still that require very little education. As a matter of fact some of the street/sidewalk sweepers don't look too bright here.
Do you think that a street sweeper because he works 40 hour weeks should be government subsidized so he may live on the Beach of Santa Barbara? Or are the really good properties reserved for those who can afford them, that “generally” required medical degrees, Law degrees, or just be an overpaid actor. You silly man, of course not. But the point is that local governments are driving housing prices too high for the average income earner. The price of food here is just as low as about anywhere else and much better than Alaska. Insurance and automobile taxes are lower here that LA. Gas is slightly higher. Healthcare costs about the same. So it only is housing that people are paying more for here. Why?
quote:
Desire True we can not help them with that. But if prices were allowed to clear the market for low income people then some would find a desire to keep their belongings and possessions safe. Including all the their collections of plastic bags and 7-11 cups. Work Ethic Again we can't help them with that. There is a younger gentleman that hangs around the Museum of Art and puts up signs like "I am too smart for the capitalist system".
The capitalist system is set up with built-in incentives. You desire the Santa Barbara lifestyle, you need to do want it takes. Deal Drug, Prostitution, Porn Industry, Date Paris Hilton… etc.. She's hot! But I doubt my wife would approve of that. Sorry I don't desire the SB lifestyle-if there is one beyond the touristy trap.
quote:
Personality Well as far as personality, there is a group that hangs around the probation office next to the Day Labor office. And I can't imagine hiring any of them, but someone does.
My feeling is, if you’re a Dick and dislike people, DO NOT become a salesman. Street Sweeper may be more up the alley, But then you do not get the Santa Barbara lifestyle. My wife jsut asked me why I purchased Thom's book 'Screwed'. She thought it should have been Free!
quote:
Personal Hygene Again, I see plenty of people with that problem get jobs. And having a domicile can greatly increase the chance of regular bathing. Even a place to put a toothbrush!
MIGHT increase the chance, but then again refer to desire and personality. Domiciles are offered to homeless some choose to stay some don’t. If you are talking about homeless shelters, then most do not provide a permanent place to stay. Most are dormitory situation. And thus they have no place to secure their valuable possessions. Including one girl on State and Micheltorena that has a dog and bicycle with a little trailer.
quote:
Crazy You have a job right? Need I say more?
I suppose it is crazy to play in the rat race, I was referring to those who think they are Elvis and are invisible. Then again, my crazy got me a great house, in a great neighborhood, that has a great school HUH? Never met any crazies like that. Of course I met several that 'hoarded' 7-11 cups and talked to some people I fail to see.
quote:
Drugs Well at least they can do it in the privacy of their domicile. You know life on the streets can be hard. Where to hide your stash or cash or your old issues of the Independent...
You of course are referring to the government subsidized house for those too high on drugs to work. Perhaps a split level house on Santa Barbara Beach? Nothing like rewarding bad behavior, Show me where to get some crack..
NO! Subsidized housing. Only allow the market to create housing for all people's needs. And if it means creating housing units that are 77 SF in size or units that share bathroom and kitchen facilities, then so be it. I did live in a dorm like setting that shared a bathroom with one other and 3 others for the kitchen.
And a couple of other points to you! You... SB is a touristy destination that has created a two tier system of those that have (current homeowners) and those that don't (new immigrants to the area or failed to get into the housing market in time). I have an employee I work with a PHD in economics and says he can not afford a house in SB. What do you make of that?
Back to advice to make more money so I can afford the SB lifestyle, well my blog advertising has netted me 9 cents since the 9th of January. Sure wish my friends from Nos would stop by more often. Have you/anyone here heard anything more from my friends like Miles, Klaus, Andger...?
Posts: 7939 | Location: Santa Barbara | Registered: 19 July 2005
Since by definition (even yourself have conceded), that the homeless are poor then you can not so easily differentiate the two classes.
I actually is VERY easy to differentiate poor and homeless, Poor are trying, Homeless are not.
quote:
As I told you, those numbers for SB is underestimated. That population number shows it for the total SB metropolitan area (including Carpenteria, Goleta and maybe even Summerland). I saw one number for Monticito (limousine liberals living in the hills behind SB) as around 1 million dollars.
WELLLLL, I will defer to you, If you say it takes a million to buy a house in SB. Then you will need slightly more then that to buy a house in SB.
quote:
But the point is that local governments are driving housing prices too high for the average income earner. The price of food here is just as low as about anywhere else and much better than Alaska. Insurance and automobile taxes are lower here that LA. Gas is slightly higher. Healthcare costs about the same. So it only is housing that people are paying more for here. Why?
It is true government does artificially effects housing prices. If a government limits the area to 1000 homes and you have 5000 people completing for those homes. You have increased property values. A property is only worth what someone is willing to pay for it. ECON 101
quote:
If you are talking about homeless shelters, then most do not provide a permanent place to stay. Most are dormitory situation. And thus they have no place to secure their valuable possessions. Including one girl on State and Micheltorena that has a dog and bicycle with a little trailer.
Please refer to "The capitalist system is set up with built-in incentives" I started in a crappy apartment with a roomate. I then got a crappy apartment on my own I then got a large apartment with my wife I then got a rented a town house I then bought a crappy house in a nice niegnborhood. I now live in a nice house in a great neighborhood.
If I am very unlucky I will probably die in a crappy apartment with roomates.
Circle of life... simba
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HUH? Never met any crazies like that. Of course I met several that 'hoarded' 7-11 cups and talked to some people I fail to see.
You see dead people Too ???
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NO! Subsidized housing. Only allow the market to create housing for all people's needs. And if it means creating housing units that are 77 SF in size or units that share bathroom and kitchen facilities, then so be it. I did live in a dorm like setting that shared a bathroom with one other and 3 others for the kitchen.
Government can do whatever it wants, cost and regulations have never stopped them from doing anything. Although if I had a $! million dollar home that the governemnt decided to put a high density housing complex next to, I might be more prone to file a lawsuit for de-valuation of my home.
Although here in Portland, there are all sorts of abandoned warehouses. I would have no problem redoing one of those into a one large outreach program. enough space for couple hundred bed, onsite social services, and onsite police station. Still.... that only works if they "want" to get off the street.
quote:
And a couple of other points to you! You... SB is a touristy destination that has created a two tier system of those that have (current homeowners) and those that don't (new immigrants to the area or failed to get into the housing market in time). I have an employee I work with a PHD in economics and says he can not afford a house in SB. What do you make of that?
PHD in economics... he would have a better chance in this world and in SB if he had a PHD in "liberal" arts. Obviously SB puts a low value on economist, probably make more money selling Gucci or becoming a Porn Star.
quote:
Back to advice to make more money so I can afford the SB lifestyle, well my blog advertising has netted me 9 cents since the 9th of January. Sure wish my friends from Nos would stop by more often. Have you/anyone here heard anything more from my friends like Miles, Klaus, Andger...?
A little from Miles recently, He seems not ready to come back yet. My missing his threads was not enough to to bring him back. Someday hopefully.
**** Disclaimer: The information in this weblog is provided "AS IS" with no warranties, and confers no rights. This weblog does not represent the thoughts, intentions, plans or strategies of my owner. It is solely my own personal opinion. Inappropriate comments will be deleted at the authors discretion.***
"I stand or fall on my own words."
Posts: 7253 | Location: PORTLAND | Registered: 07 November 2005
Jay, I've been working on a deal in St. Kitts. How bout some deep sea fishing?
I like the Marlin fishing in the Carribean, I have better luck on the Pacfic side. I have a trip scheduled in May in Cabo. Been at it 4 years and can't seem to break the 250 lbs mark. Tuna has a pretty good fight to it. So does Dorado. Dorado tastes great when grilled on the back of the boat.
**** Disclaimer: The information in this weblog is provided "AS IS" with no warranties, and confers no rights. This weblog does not represent the thoughts, intentions, plans or strategies of my owner. It is solely my own personal opinion. Inappropriate comments will be deleted at the authors discretion.***
"I stand or fall on my own words."
Posts: 7253 | Location: PORTLAND | Registered: 07 November 2005
We catch salmon each year and the fillets go from fish to rail mounted BBQ. Nothing better than (almost) still wiggling! My son coined my screen name while watching me process lunch on the swim step.
A couple buddies of mine hit the blue water in Cabo each year. I might get a wild hair and ride along one of these days. My wife has my vacations planned out this year. I'll have to make it a business trip.
^^^^^^^^^^^^^^^^^^^ "A vote is like a rifle: its usefulness depends upon the character of the user."
Theodore Roosevelt, 1913
Posts: 2404 | Location: Redmond WA | Registered: 04 September 2006
Hey guys, this thread is only meant to be about how bad SB sucks! LOL Back to Loganthor...
quote:
I actually is VERY easy to differentiate poor and homeless, Poor are trying, Homeless are not.
And you feel qualified to determine who is trying and who isn't? Is the man with the sign "Too smart for capitalism" trying or just a good marketer in SB?
quote:
WELLLLL, I will defer to you, If you say it takes a million to buy a house in SB. Then you will need slightly more then that to buy a house in SB. Razzer
Thanks for your understanding.
quote:
It is true government does artificially effects housing prices. If a government limits the area to 1000 homes and you have 5000 people completing for those homes. You have increased property values. A property is only worth what someone is willing to pay for it. ECON 101
Yes, you are brilliant. But it depends on the degree that the 5000 are willing to pay. What is their reserve price and what is the sellers reserve price.
quote:
Please refer to "The capitalist system is set up with built-in incentives" I started in a crappy apartment with a roomate. I then got a crappy apartment on my own I then got a large apartment with my wife I then got a rented a town house I then bought a crappy house in a nice niegnborhood. I now live in a nice house in a great neighborhood.
If I am very unlucky I will probably die in a crappy apartment with roomates.
Circle of life... simba
Yes, I have lived in my share of crappy apartments. And now I am again in one after having a crappy house that we fixed up in Anchorage.
quote:
Government can do whatever it wants, cost and regulations have never stopped them from doing anything. Although if I had a $! million dollar home that the governemnt decided to put a high density housing complex next to, I might be more prone to file a lawsuit for de-valuation of my home.
Although here in Portland, there are all sorts of abandoned warehouses. I would have no problem redoing one of those into a one large outreach program. enough space for couple hundred bed, onsite social services, and onsite police station. Still.... that only works if they "want" to get off the street.
Yes, once you (anyone) get what you want they do not want things to change. In Anchorage landowners were upset that marginal land that was not taxed became taxed one day and the absentee landowner suddenly was in a position to sell it for a profit. The existing landowners now faced a dilemma that now the open spaces was going to go away.
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laugh PHD in economics... he would have a better chance in this world and in SB if he had a PHD in "liberal" arts. Obviously SB puts a low value on economist, probably make more money selling Gucci or becoming a Porn Star.
Actually there are lots of high tech jobs here. Only maybe he does not want to start out with a crappy condo? Economics is either in the Business department like his degree or mine that was more theoretical in the liberal arts department.
quote:
A little from Miles recently, He seems not ready to come back yet. My missing his threads was not enough to to bring him back. Someday hopefully.
Good, tell him HI (from me) if you get a chance.
Posts: 7939 | Location: Santa Barbara | Registered: 19 July 2005
And you feel qualified to determine who is trying and who isn't? Is the man with the sign "Too smart for capitalism" trying or just a good marketer in SB?
ALL my opinions come with a disclaimer (see below). But YES the guy standing on the corner with a card board sign asking for money... IS NOT Trying.
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Yes, you are brilliant.
well, you would be the only one to recognize that here. SO in that case. Your brilliant!!!
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But it depends on the degree that the 5000 are willing to pay. What is their reserve price and what is the sellers reserve price.
come on, your an economist. Reserves have nothing to do with it, Just look at the national forclosure rates. or the TV show "flip that house". A seller is not going to take any less then their willing to take and a seller is not going offer any more then they are willing to offer. The house down the street from me sold for 20K above asking price because two people were willing to pay more then the asking price.
quote:
Only maybe he does not want to start out with a crappy condo?
Ahhh... Another person who wants to start at the top.
**** Disclaimer: The information in this weblog is provided "AS IS" with no warranties, and confers no rights. This weblog does not represent the thoughts, intentions, plans or strategies of my owner. It is solely my own personal opinion. Inappropriate comments will be deleted at the authors discretion.***
"I stand or fall on my own words."
Posts: 7253 | Location: PORTLAND | Registered: 07 November 2005
ALL my opinions come with a disclaimer (see below). But YES the guy standing on the corner with a card board sign asking for money... IS NOT Trying.
Thanks for reminding me about your... But he IS trying, although not in a productive way to either me or your sense of worthwhile trying.
quote:
come on, your an economist. Reserves have nothing to do with it, Just look at the national forclosure rates. or the TV show "flip that house". A seller is not going to take any less then their willing to take and a seller is not going offer any more then they are willing to offer. The house down the street from me sold for 20K above asking price because two people were willing to pay more then the asking price.
Come on you brilliant person. 'Reserve price' is the lowest a seller will accept or the highest a buyer will accept. Anything to their favor is consumer or producer surplus. And so in your example those buyers had reserve prices above the reserve price of the seller (we must assume above his since he offered a lower price to begin).
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Ahhh... Another person who wants to start at the top.
Yes, and maybe they should all take Slabs advice and hold their collective breaths. Of course the true economist and I am in luck since housing prices have come down, if we decide to get into the market.
I am just a pseudo economist-no advanced degree.
Posts: 7939 | Location: Santa Barbara | Registered: 19 July 2005
Come on you brilliant person. 'Reserve price' is the lowest a seller will accept or the highest a buyer will accept. Anything to their favor is consumer or producer surplus. And so in your example those buyers had reserve prices above the reserve price of the seller (we must assume above his since he offered a lower price to begin).
Economist Is that what you call your wallet? Let me check my "reserves" to see if I can afford that next lap dance.
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Yes, and maybe they should all take Slabs advice and hold their collective breaths. Of course the true economist and I am in luck since housing prices have come down, if we decide to get into the market.
Maybe they will not have to hold thier breath to long, maybe president clinton will force Barbara Stiesand out of her home and into an apartment and turn her home into a homeless shelter.
**** Disclaimer: The information in this weblog is provided "AS IS" with no warranties, and confers no rights. This weblog does not represent the thoughts, intentions, plans or strategies of my owner. It is solely my own personal opinion. Inappropriate comments will be deleted at the authors discretion.***
"I stand or fall on my own words."
Posts: 7253 | Location: PORTLAND | Registered: 07 November 2005
Come on you brilliant person. 'Reserve price' is the lowest a seller will accept or the highest a buyer will accept. Anything to their favor is consumer or producer surplus. And so in your example those buyers had reserve prices above the reserve price of the seller (we must assume above his since he offered a lower price to begin).
Economist Is that what you call your wallet? Let me check my "reserves" to see if I can afford that next lap dance. Reserve Price is not your wallet but how much out of your wallet you are willing to spend on a lap dance and the dancer also has a reserve price as the lowest she will accept to dance for you.
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Yes, and maybe they should all take Slabs advice and hold their collectiv
Read-Only Topic
Is that what you call your wallet? Let me check my "reserves" to see if I can afford that next lap dance. 