#2 In 2003, A Technician Forgot To Log That He Had Removed 24 Bolts During The Maintenance Of The Noaa-19 Satellite, Causing The Satellite To Fall Over And Costing $135,000,000 In Damages
That Looks Expensive is a subreddit (r/ThatLooksExpensive) that deals in damage to things that quite likely made someone’s wallet wallow in pain.
The subreddit currently has around 7,800 members and is ranked in the top 10th percentile by size. If that seems off, this is not to be confused with That Looked Expensive, another subreddit that’s home to a million members.
#4 Pro-Tip: When Transporting Paint Makes Sure It Is Properly Secured. Especially If You Are Driving In A $90,000 Maserati
#6 When You Live In Svalbard, Norway And Forget To Close The Window In The Office
Anywho, in many cases, those who have pain receptors in their wallets and have a normal understanding of the economy, know how many gallons of water a minute a bursting pipe can spew out and how much of the taxpayer’s money it will take to fix it. Or how much a public transit line bus and structural damage to a house in Seattle cost. Heck, you don’t even need damage—this oven costs $40,000. That alone can cause damage.
#7 A 3 Story Mall That Was Still Under Construction Started Making Some Noises From The Metal Structures.. Everyone Was Evacuated And 5 Minutes Later The Collapse Occurred
However, these are just our perceptions. Sure, a passenger plane is definitely very, very, expensive compared to the average cost of living. But can we truly know how much something costs?
Pricing things is an art in and of itself as there are at least a dozen ways to price products, services and other kinds of traded goods. It can be a flat rate, or a pay as you go, or tiered pricing, or pricing per user, or subscriptions… you get the idea.
But since everyone would ideally want to price things in the most lucrative way possible, does that truly reflect the price of something? Not entirely.
Pricing is just a set of methods to determine what you want for it, so it’s in that sense arbitrary. But they do consider the real costs of stuff within the economic context. Real, as in, how much it ended up costing.
#15 I Found This Gym Floor In Texas While Scouring Google Earth For A Picturegame Round. Part Of Houston Flooding Maybe?
Take the price of gas as an example. The four main factors that influence the price of gas is the cost of crude oil (the price of which depends on how it was extracted and how scarce it is), refining costs (the price manufacturers pay to turn it into a usable product), distribution (because convenience and practicality), and taxes (duh). All of these have specific numbers attached to them, giving you an idea of how much it realistically costs.
This is where it gets complicated as, if we consider the gas example again, we also have things like gas station upkeep, marketing and other costs that can vary depending on the time and place. Fine, these can also be calculated. OK, so, that leaves us with profit. How much is that? Well, enough to keep the suits happy, however much that is. Sure, it adheres to the laws of economics, supply and demand, among other things, but as long as someone is willing to pay for it, anything goes.
