quatrix
join:2005-02-11
Davie, FL | Durrrrrr
"Paying $50 a month for the next fifty years would only cost you $30,000, so that's quite a bargain indeed."
Sarcasm duly noted, but obviously broadband prices aren't going to stay constant for FIFTY years. |
|
matt314159
join:2006-01-18
Hesperia, CA
 ·Charter Pipeline
| said by quatrix  :Sarcasm duly noted, but obviously broadband prices aren't going to stay constant for FIFTY years. Yeah but consider the time-value of money. You could do so much better investing the 70 grand and paying month-to-month. That's finance 101. Even if the prices go up, you're better off holding onto your money and paying for the service as you receive it.
I think it was hilarious how charter tacked on the "oh, by the way...uh, we are giving the money to charity!" about halfway through the auction. You can almost hear the suits at the top grumbling "damnit we NEEDED that money!". |
|
zed260
join:2007-09-30
Cleveland, TN | well it does give them some tax benifits |
|
dmolavi
Premium
join:2005-04-11
Sewell, NJ
 ·ViaTalk
·Teleblend
·Comcast
·SUNROCKET
| reply to quatrix
said by quatrix :"Paying $50 a month for the next fifty years would only cost you $30,000, so that's quite a bargain indeed." Sarcasm duly noted, but obviously broadband prices aren't going to stay constant for FIFTY years. yeah, they might go down 
either way, this "winner" got taken for a ride.
--
TheMolavis.com |
|
morbo
Complete Your Transaction
join:2002-01-22
00000
clubs: | reply to zed260
the "winner" should have just paid month to month and donated the remaining $50k to charity for their own personal tax benefit. |
|
maxpower
join:2006-10-09
Providence, RI | reply to quatrix
It seems sarcasm runs rampant in these "news" postings, something I don't see from ANY other source for "news."
Anyway, this guy is getting ripped. |
|
mrchris
Premium
join:2002-10-01
North Babylon, NY | reply to quatrix
IF they're still around in the year 2058..what will the idiot who bidded 70k+ do if the company goes bankrupt in 2015? |
|
kyler13
Is your fiber grounded?
join:2006-12-12
Arnold, MD
·ViaTalk
 ·Verizon FIOS
| reply to matt314159
said by matt314159 :Yeah but consider the time-value of money. You could do so much better investing the 70 grand and paying month-to-month. That's finance 101. Even if the prices go up, you're better off holding onto your money and paying for the service as you receive it. Seriously. Even at a measley 2% APR, a savings account would earn you $116/month (on $70,000) which would probably cover any forseeable rate hikes over the subscriber's lifetime. |
|
