Tag

misconception

Obsolete Economics: From Widgets to Digits

Labor + Capital + Raw Materials = Finished Goods I spent four years learning economics at Stanford. I’ve spent (going on) the last forty years unlearning it. It’s not that Stanford failed me. It turns out that the entire field of modern economics was built upon not one but two outmoded ideas, if not conceptual...
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True or False: To be a Teardown, a Property Must Be in Poor Physical Condition

Real Estate Misnomers One of the biggest misconceptions in residential real estate is that, to be a teardown, a home must first be falling down. Hardly. All “teardown” means is that the home is less valuable than the land underneath it. That can be the case for at least two reasons other than physical condition:...
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Four Flavors of FBSO’s: “Classic,” “Classic – Lite,” etc.

Saving 2.7% of $0 Contrary to popular perception, not all “For Sale by Owner” homes (“FBO’s”) are created equal. Perhaps the biggest misconception is that FSBO sellers are trying to avoid paying any commission. Wrong. The vast majority are only trying to save half a commission — specifically, the portion payable to the agent representing...
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“Facts” Everyone Knows That Are Wrong

“Trees Don’t Grow to the Sky” (Do They??) True or  false:  “trees don’t grow to the sky.” Answer:  false (sort of). While it turns out that giant Sequoia’s don’t in fact keep growing vertically, they do keep growing horizontally. That is, their trunks keep growing (also their branches and limbs). 3,200 Years Old Young How...
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