I was curious about the definition of Penny Wise and Pound Foolish because I feel that many homeowners would fit this description where home staging is concerned. I looked up the definition and here it is as defined by GoEnglish.com Idioms:
"penny-wise, pound-foolish"
A penny is a small amount of money and a pound is a larger amount. "Penny-wise, pound-foolish" is to be cautious (wise) with small amounts of money but wasteful (foolish) with larger amounts. Example: "We've worked so hard to save money that if we took a vacation now it would be penny-wise, pound-foolish." People sometimes worry about spending small amounts of money; then they carelessly spend much larger amounts. Example: "He spends very little on food during the week, then blows all his money drinking on the weekends. He really is penny-wise, pound-foolish."
I have met homeowners who say they can't afford any amount of money (even a small amount) to stage their home which is their largest asset (large amount). So, those types of homeowners do fit the "Penny-wise, Pound foolish" definition. They will be cautious with spending small amounts of money but wasteful/foolish when spending much larger amounts such as when their home languishes on the market.
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