Mxsmanic wrote in
:

writes:

A house, the legal ownership of which is determined by the title, is
a commodity item that has whatever value it has based on what the
market is willing to pay at any given time.

That is not intrinsic value. Intrinsic value is the value of
something independent of its market value. You can live in a house,
and that is part of its intrinsic value. It retains this value even
if nobody wants to buy it (a market value of zero).

There is no such thing as "its apparent value on paper".

Its apparent value on paper is the nominal price that someone would be
expected to pay to buy it.

If I buy a bag of potatoes at $0.69/lb on Wednesday and they go on
sale for $0.49/lb on Friday, am I gambling when buying potatoes and
have my otatoes become basically worthless?

You're gambling if you buy them as a financial investment. They still
have intrinsic value because you can eat them.


Anthony, you're not even smart enough to qualify as a moron. You'd need an
IQ boost of several thousand orders of magnitude to reach the level of
moron.