Value (was Re: Ken Slusser

At 12:08 PM 10/24/01, "Merch" wrote: Sunnyvale California, the heart of Silicon Valley, where a 3 bedroom house that's about 72" from the neighbors house, has 1500 square feet, no yard, and "needs work", was sold in 2000 for $650,000. (yes, it got that bad, yes there is much, much pain around here these days) And in case it wasn't obvious, in my message I was being a bit facetious in that $10K/week would be a great wage (even after taking $1K - $2K out for expenses). So why doesn't this guy want to live that life? Or perhaps the inventory really can't be sold for $100K, perhaps it can only be sold quickly for $10K (making your wages about $150/week after expenses) Its the thing that bothers me about the discussions of "worth" on this list and elsewhere, the time component. Sure if you have the one part someone needs to survive when they need it, it is "worth" a ton of money to them. If on the other hand nobody needs or wants the part you have then its "worth" is $0.03/lb as scrap. Note: I don't know Ken and in no way am I impugning his reputation so while this came up in the context of what he has to offer, it isn't directed at him! I have experience that it is not uncommon for someone to use the "time critical" value of something's worth vs its actual current worth, in order to inflate the value of a transaction. Stock brokers do this when suggesting that a stock "will be worth $X" and so "$Y is a reasonable investment." As I try to keep my hobby "income impact neutral" for some reasonable window, the value proposition of this stuff is an area that I am quite interested in. --Chuck