4 ms·
This raises the interesting question of what is better. To pay $4 per year or to buy out the obligation for a higher amount. To buy out it would have to be an a
by gist 10y ago
This raises the interesting question of what is better. To pay $4 per year or to buy out the obligation for a higher amount. To buy out it would have to be an amount which compensates to make up for what would be lost in the future (how do you even calculate that). To pay in advance for X years creates a problem as well. Hard to forget to pay every year, harder to keep track of something that needs to be paid every 20 or even 100 years. Excess paperwork overhead.
- caboteria 10y agoYup, and it's been interesting to see the approach the different churches have taken. My town is a land grant town, so the Unitarians, Congregationalists, and Episcopalians own large tracts of land that are tied up in 999-year leases. The Episcopalians view this as a bother and they'll basically give up the freehold if you pay all the lawyer's fees. The UU's, on the other hand, are taking the long view and won't sell the leasehold; at least the offer I made (granted, at a cocktail party) was politely refused.
- trhway 10y ago> The UU's, on the other hand, are taking the long view and won't sell the leasehold; different churches have different interpretations of the scriptures, thus in particular different estimations of when the Second Coming and Apocalypses is to happen, etc. :)
- Denzel 10y agoCalculating the present value of a perpetual annuity seems appropriate.
- smallnamespace 10y ago> how do you even calculate that https://en.wikipedia.org/wiki/Present_value#Present_value_of_a_perpetuity https://en.wikipedia.org/wiki/Present_value#Present_value_of...