.>>Dean of Engineering of a local University and his wife — both educated with higher degrees — were uncomfortable with the word “profit”
will it be a dirty word when they want to sell their house and retire? maybe they should sell it for what they bought it then they won’t have to dirty their hands with any profit. maybe they could give the house away and go live in a cave.
i wonder if they have a 401k?
Not at all. They put their house up for sale at an astronomical price and fled the state to build again in MO, where land is cheaper.Their house was NOT marketable at the price they asked (IMO) but, they lucked out, got their price and got away with the scam.
My husband served on this man's Industrial Relations Committee at the University and the Dean was always poor mouthing and getting people to kick in for his trips and for supporting various educational programs and awards. When we looked at his whole departmental package (when the committee hired his replacement) we wondered why we ever gave him anything. My husband was always funneling money to him on the side. He also promptly forgot we (and everybody else) after he retired. Didn't know us any more.