@weeveeship: If you’re asking how to resolve complex moral dilemmas that involve the wisdom of both history and foresight, whose final choice may have far-reaching consequences for you personally? Get in line behind the rest of humanity! lol There are always lines not to be crossed, “boundaries” by which we deem behavior appropriate and acceptable based on some system of values unique to each individual (typically shaped by cultural immersion). The “rules” are social constructs that more or less everyone agrees exist.
Here’s an example from today’s newspaper of judging “where to draw the line”: A guy selling his house is worried he might be taking advantage of the buyers. Go to this page of NY Times Sunday magazine column, “The Ethicist,” by Ariel Kaminer. Warning: NYT is starting to charge for some internet content, though the page opened automatically for me.
———- (c) The New York Times:
Several years ago, at the height of the housing bubble, I sold my home for a price that, at the time, I felt was probably $10,000 or $15,000 too high. Although I felt slightly guilty, I also knew that the buyers were highly educated people and that they had the wherewithal to consult the same publicly available information about the local housing market that I did.
What were my ethical responsibilities to this couple? From the point of view of the deal as a business transaction, I fulfilled my obligation to disclose everything I knew. But it seems to methat a more rigorous ethical position would hold that if I believed they were doing something that wasn’t in their best interests, I should have spoken up. NAME WITHHELD, BLOOMINGTON, IND.
You have an unusually strong ethical compass — and no future in real estate.
Your desire to negotiate on behalf of your buyers’ interests as well as yours is admirable but misplaced, because your view of their interests will never be identical to their own. They might value the house more highly than others because it’s across the street from their office. Or because it was available at the moment they urgently needed to move in. Or because they believed the next buyer would pay still more than they did.
It is not your obligation to help them assess those priorities as they settle on the true price of the house; in fact, it is literally none of your business. (In any case, the only true price of the house is the one both parties arrive at together.)
Representing your home honestly and transparently is not, then, the least you can do; it is the most you can do. The risks of the real estate market — some foreseeable, some not — are more than any individual seller can possibly bear responsibility for. But if everyone in the real estate market had shown your commitment to disclosure, there might not have been a bubble in the first place.
E-MAIL queries to ethicist@nytimes.com, or send them to the Ethicist, The New York Times Magazine, 620 Eighth Avenue, New York, N.Y. 10018, and include a daytime phone number.
———- (c) The New York Times: