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#22
July 1st 08, 05:15 AM
posted to rec.aviation.piloting
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UNITED AIR LINES TO LAY OFF 950 PILOTS
Mxsmanic wrote:
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). The cost of housing is a direct function of the current market value of houses. The market value of a house is never zero. Somebody will allways buy a house if the price is at or near the current market value. -- Jim Pennino Remove .spam.sux to reply. 
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