You purchase a home for $100,000 and are prepared to do $200,000 worth of renovations to sell the home for $600,000. Instead, you find out that the home has severe plumbing issues and will require $550,000 worth of repairs. If you do not repair the home, it is not eligible to be on the market. As a rationale person, what will you choose to go ahead with the expensive repairs?
You purchase a home for $100,000 and are prepared to do $200,000 worth of renovat...
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