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NikolaNovak an hour ago

People are getting angry at the math here. I'm Not the OP and have no moral judgement here, but from strict bank account balance perspective it's the same. Persuade me otherwise through addition and subtraction, not moral appeals.

1. I have 10,000 in my bank account. 2. I see a 1,300 record I like 3. I buy it 4. My bank account now has 8700 5. There's 1,300 difference if I choose to buy it or not

1. I have 10,000 in my bank account 2. I have a 1,300 record 3. If I sell it my bank account will have 11,300 4. 1,300 difference if I choose to sell it or not

No "end of the world, this is what's wrong with everybody" gross hyperboles please, I don't care one iota about whether anybody buys or sells expensive records, I don't make any moral judgement whatsoever and would appreciate people in turn not making extreme assumptions about what I think about expensive records. But economically, buying an expensive item or selling expensive item is the same - Prove it wrong with numbers not appeals to emotion please.

mrweasel an hour ago | parent | next [-]

> Prove it wrong with numbers not appeals to emotion please

But my point is that I don't care about the numbers. If fact my complaint was that it was made into a financial decision, just because the record happens to be worth $1300.

If it was a $10 record, bought used at $2, then few would argue that you should sell it and make $8. My argument is that it doesn't matter if you could make $8 or $1298, not if you enjoy the record and wish keep it. It's the defaulting to "You could make money" in so many of aspects of life that's starting to annoy me.

Dylan16807 an hour ago | parent | next [-]

It's fine if you want to own and use an expensive thing.

The argument is not "you could make money", the argument is that if you got the expensive thing for free and choose not to sell then you're roughly as "insane" as the person that paid full price. Go ahead and splurge but try not to be a hypocrite about it. It's not lmm that was passing judgement, it was the person that owns the record passing judgement.

NikolaNovak an hour ago | parent | prev [-]

The thread started with calling those who buy a record at 1300, and I quote, insane. Argument was made that keeping a 1300 record is equally insane or not. That is the discussion here. It started about whether 1300 was sane or not. It was not turned into that discussion by people who hussle.

It is a massive massive massive privilege of us here to even ponder keeping a record we bought for 2 which could be sold for 1300. For a lot of other population this would be not even an argument.

Again, I don't actually care, but I do believe that mathematically, if one starts with assumption / claim that buying a 1300 record is insane, not selling it is equally insane (or not;). Crux of my argument is that two sides of that equation are equal, not whether we should consider that equation or not. I find it dishonest to make one side of the claim, but go all "modern culture is all about hussle!" When pointing the equivalence of the other side of the claim.

dash2 an hour ago | parent | prev [-]

Turns out HN users have the Endowment Effect…