Thursday, March 07, 2013

A friend of mine is starting out in real estate. He told me this morning that he made a huge mistake last night. He had been researching three hotel/apartment buildings, one is all one bedroom apartments that sell for $75,000, and another is all studio apartments that sell for on the order of $40,000. His real estate computer program found a studio apartment for $55,000. He assumed that it was in the nicer building of one bedroom apartments, and his boss got very excited about it and even put off family time to check it out, reasoning that there must have been a mistake in the listing, it was really a one bedroom and he was going to get a very good deal. Now, of course, the truth was that it was a studio apartment going for quite a bit more than market value (and the ad had said that it was a real find, indeed).


Reality. It's tough.

I find the same thing in electrical work. The customer is always right when it comes to fulfilling their needs, but when it comes to troubleshooting they are wrong, just have to assume that they are wrong, or it will just end in tears.

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