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Return on equity ratio is the company’s annual net income divided by shareholder’s equity. Price to book ratio is the company’s market capitalization, or the stock price times number of outstanding shares, divided by the most recent quarter’s book value. It’s important to understand what may be driving P/B ratios and to compare them across different companies in the same industry, as a high P/B ratio can mean positive investor sentiment, but a low P/B ratio can mean that the company has significant assets to back up the stock price. If a company has $50,000,000 in debt and $100,000,000 in shareholder’s equity, its debt-to-equity ratio is 0.5.

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How This Might Cost You More Martin Eiden, a licensed associate real estate broker with Compass Real Estate, uses the example of a property selling for $700,000 when neighboring, finished homes sell for $1 million. A newbie buyer would look only at the cosmetic work and say, ‘I can put $100,000 into the property to bring it up to the $1 million (value) and save $200,000.’ You often need an architect to create and file plans — which can take months — and get city approval, which can also take months. In other words, it often takes six months of design and approval before work can begin.

Before making a big purchase, such as a summer home, it’s important to think about how the purchase will fit into your daily life, and keep in mind all of the minor details that could end up affecting your overall happiness. While most people who aspire to buy a lake house think of the peace and quiet and sunset views, they often fail to think about less pleasant details such as the long drives to and from the house or an abundance of mosquitoes. Cast in the soft light of imagination, these unpleasant, inessential details naturally recede from view, potentially biasing consumers’ predictions about the degree of happiness that their purchases will provide,” the study said. That’s not to say you shouldn’t make a major purchase because there are some drawbacks; rather, it’s important to be realistic about your purchase