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“But as incentives go, commissions are tricky. First of all, a 6 percent real-estate commission is typically split between the seller’s agent and the buyer’s. Each agent then kicks back roughly half of her take to the agency. Which means that only 1.5 percent of the purchase price goes directly into your agent’s pocket. So on the sale of your $300,000 house, her personal take of the $18,000 commission is $4,500. Still not bad, you say. But what if the house was actually worth more than $300,000? What if, with a little more effort and patience and a few more newspaper ads, she could have sold it for $310,000? After the commission, that puts an additional $9,400 in your pocket. But the agent’s additional share—her personal 1.5 percent of the extra $10,000—is a mere $150. If you earn $9,400 while she earns only $150, maybe your incentives aren’t aligned after all.”
― Freakonomics: A Rogue Economist Explores the Hidden Side of Everything
― Freakonomics: A Rogue Economist Explores the Hidden Side of Everything
“Holding Eleanor's hand was like holding a butterfly. Or a heartbeat. Like holding something complete, and completely alive.”
― Eleanor & Park
― Eleanor & Park
“I just can’t believe that life would give us to each other,’ he said, ‘and then take it back.’
‘I can,’ she said. ‘Life’s a bastard.”
― Eleanor & Park
‘I can,’ she said. ‘Life’s a bastard.”
― Eleanor & Park
“Congress passed legislation requiring a five-year mandatory sentence for selling just five grams of crack; you would have to sell 500 grams of powder cocaine to get an equivalent sentence. This disparity has often been called racist, since it disproportionately imprisons blacks.”
― Freakonomics: A Rogue Economist Explores the Hidden Side of Everything
― Freakonomics: A Rogue Economist Explores the Hidden Side of Everything
“When a woman does not want to have a child, she usually has good reason. She may be unmarried or in a bad marriage. She may consider herself too poor to raise a child. She may think her life is too unstable or unhappy, or she may think that her drinking or drug use will damage the baby’s health. She may believe that she is too young or hasn’t yet received enough education. She may want a child badly but in a few years, not now. For any of a hundred reasons, she may feel that she cannot provide a home environment that is conducive to raising a healthy and productive child.”
― Freakonomics: A Rogue Economist Explores the Hidden Side of Everything
― Freakonomics: A Rogue Economist Explores the Hidden Side of Everything
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