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Originally Posted by Rekna
What if the majority of the money I spent was either given to a contractor or spent on goods that do not retain value.
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If the money was given to a contractor his wealth increased. He might offer you a job if you need work to pay your debt.
If you spent the money on goods that don't retain their value, I hope you at least had some enjoyment from the goods, but again, the guy who sold you the goods got cash and hopefully you got enjoyment. Looks like you will have to work to pay your debt.
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And that contractor over charged me to the point of fleecing me.
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It happens, but I am sure you won't let it happen twice. Next time if you do a better job upfront screening contractors, checking references, etc, you will minimize the risk of getting fleeced. We all have to live and learn.
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So now the house only retained 10% of the value I put into it. Is it still a good idea?
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I think we define " adding value" in different ways. If the value you add is in reality only 10% of what you thought, in my view what you thought is not important. The only thing that matters is what the real value added is.
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If you think what i'm saying is far fetched
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I don't.
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, bombs and munitions are expendables and do not retain value.
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Sorry for the way this sounds...but...If a bomb kills the guy who is trying to kill you, I think that is retained value. On the otherhand, if a bomb sits in a bunker not used while your enemy attacks, kills you and steals your bomb, then that was a total waste of a good bomb.
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Also Halliburton is charging the US government $45 for a 6 pack of coke, i wonder what they are charging for other things...
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The last time I went to the movies, I paid about $10 for $.05 worth of popcorn and about $.25 worth of Coke. Sometimes I wish I owed a movie theater, then I think about the headaches.
Sometimes I wish I had military contracts, then I think it is easier just to buy stock in Haliburton (symbol: HAL)