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Showing posts from October, 2007

Selling furniture

I've sold the house at long last! We are closing on Monday. It has been a stressful process selling the house in this market. The final selling price is 14% below what I paid for it in June of 2005. That's sad, but such are the vicissitudes of capital investment. You can't buck the larger trends in the economy. I recall having a conversation with Ken about this at one point: a company can work so hard to improve its stock price, but the larger economic picture plays such a huge role, and in particular the availability of capital. Imagine a company as a sailboat with the best crew and the best equipment: the main factor determining how fast the boat goes is still the wind, entirely out of the crew's control. A funny thing happened yesterday. I've been trying to sell the furniture very quickly, since we're closing on Monday. For a while, it wasn't clear that the sale would go through. The buyer runs a small business where she buys houses and turns them into fo