Weird thought du Jour IV - interest & investments

[Bear669]

Sept 24

1759 Arthur Guinness starts a commercial brewery

three months later he signs a 9,000 year lease (45 pounds per year) that is still in effect

(Where do you find this weird stuff?)

Wow, thats total rent of £105,000! Which was big money in those days.

But ridiculous terms have interesting effects. Actually if the landlord wanted to earn 5% simple annual interest, he would have been better off to SELL the property for £946 and if Arthur thought that was a reasonable rate, he would have been better off to buy for £944.

 

[Tyrell]

He had a vision, a hunch and it paid off. :great:

 

[who's your daddy???]

(Where do you find this weird stuff?)

Is correct :666:

 

[BEER]

(Where do you find this weird stuff?)

Wow, thats total rent of £105,000! Which was big money in those days.

But ridiculous terms have interesting effects. Actually if the landlord wanted to earn 5% simple annual interest, he would have been better off to SELL the property for £946 and if Arthur thought that was a reasonable rate, he would have been better off to buy for £944.

Wonder why I feel like another beer :neutral:

 

[Johnnybehorny]

Wonder why I feel like another beer :neutral:

Let me guess :whip:

 

[Hardon1]

Never knew that, thanks Bear.