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OrgoneConclusion
Blue Fish Group



Registered: 04/01/07
Posts: 45,414
Loc: Under the C
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Invisible, unmeasurable value
#14439750 - 05/12/11 11:33 AM (12 years, 8 months ago) |
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I just heard that the 'Home Alone' house went on the market and would likely fetch a premium. Does the house have a magical lawn? Is the wood impervious to rot and termites? No.
The extra value only comes from two possible places.
1. The Bigger Fool theory. This one goes, "Hey, I might be a fool for paying an inflated price, but I am betting I can sell it to a Bigger Fool somewhere down the line.
2. Emotionally, this house means a lot to the buyer because they liked the movie.
Of course, the physical house and yard is essentially the same whether a movie was made there or not. So the extra value is all projection. It cannot be measured.
This is the same in many areas. Buying a bed that Marilyn Monroe or George Washington slept in. Buying a car that Elvis owned.
So a person purchases one of these alleged icons and later finds out it wasn't true and is sorely disappointed. Did the object change? Where did the magic property of the object go? It was ALL in the buyer's head.
Or going back to the 'Home Alone' house. The new, proud owner pays double the neighborhood value and later tries to sell it at a similar premium and no one gives a fuck. New potential buyers just care about closet space and the condition of the carpets and fixtures and such. How does the owner explain the hidden, extra, immeasurable value to them?
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NetDiver
Wandering Mindfuck


Registered: 08/24/09
Posts: 6,024
Loc: Everywhere and Nowhere
Last seen: 1 year, 6 months
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Putting value on green little pieces of paper is projection too.
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MisterMuscaria



Registered: 05/13/08
Posts: 27,646
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The same way as if it didnt have the unmeasurable perceived value to him...he has to con them into seeing the perceived value through anecdotes, persuasion and evidence.
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OrgoneConclusion
Blue Fish Group



Registered: 04/01/07
Posts: 45,414
Loc: Under the C
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Re: Invisible, unmeasurable value [Re: NetDiver]
#14439840 - 05/12/11 11:55 AM (12 years, 8 months ago) |
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Quote:
Samurai Drifter said: Putting value on green little pieces of paper is projection too. 
Of course it is. How many times have those pieces of paper fallen to near-zero? I have WWII German Deutsche mark notes whose only current value is to collectors. I have US Gold and Silver certificates that promise to be redeemable in gold or silver. The US Government has long since reneged on that promise.
It is happening right now in America. The value of gold is not really rising as much as the faith in the paper is diminishing.
Coins value originally came from the coin itself. A $5 gold piece had roughly $5 of gold by weight. Copper pennies from a few hundred years ago were huge because they contained one cent's worth of copper. Today's coins are made mostly of a mix of tin, nickel, aluminum and copper and are not worth their metallurgical value as used to be the case.
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falcon


Registered: 04/01/02
Posts: 8,005
Last seen: 1 day, 11 hours
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might want to factor this into your insightful musings,
From Wikipedia
Quote:
Immediately and consistently popular, Home Alone remains the highest grossing live-action comedy of all time
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