(no subject)

[madbaker]

Some friends have given us a "walk-away" bid on the father-in-law's mobile home. As in, "We pay you x and you walk away from the place."

Let me explain - no, there is too much. Let me sum up.

The FIL was a pack rat. And he didn't believe in cleaning, apparently. To get this place in salable shape we not only have to muck out his stuff (I took 70 bags to Goodwill yesterday) but we also have to replace the carpets, stovetop, toilets, and at least one shower/tub.

Did I mention that we live an hour away? And the wife starts her final semester in school today.

The bid is lower than we'd really like - even taking the fix-it costs into account, if we accepted we'd be leaving money on the table versus what we could probably get on the open market. However, it gets it off our hands quicker, and more importantly, eliminates a huge amount of hassle.

That "however" is worth a great deal.

The wife is going to talk it over with her brother tonight. If everyone agrees, I think it would be a good deal all around and simplify many, many things.

Comments

"Math is hard." -Barbie

[madbaker.livejournal.com]

Yeah - the difficulty is that the equation is personal, and varies depending on circumstances.

My hassle tolerance level is reasonably low, as is my current spare time. I'm also gainfully employed so I can better afford to give up some cash in exchange for free time / hassle avoidance; which means that the marginal utility I derive from giving up a unit of money to obtain a unit of free time is shifted differently from someone with a different marginal utility curve.

This personal economics primer brought to you by an econ major, actually using said major in the finance field...

Re: "Math is hard." -Barbie

[talonvaki.livejournal.com]

Oooh...all those numbers! And then, they start throwing in letters, too! My caluclator doesn't have letters on it, except "C"...and when I hit that one, all the other numbers just go away...

I like that description of the time vs money continuum, however.