Quote:
Originally Posted by Carl Johnson
^
not to be a cynic, but i think if you ask your average guy or gal off the street about the concept of time value of money or calculating a simple yield to maturity question they would have no idea what you are talking about.
|
I think that is 100%.... true.
Most people who did not study business or economics will have no concept of that unless they are into investments. Even those who do study such topics may not understand the meaning of it.
It drives me insane that people around me keep telling me to buy a place when I have no interest of doing so. Especially buying into a price stable at best condo market that will see negative gain compared to inflation.
Some people just can't seem to stand having a chunk of cash burning in their pockets/bank accounts and have to spend it on something. Makes absolutely zero sense to me.