For my smart blog readers

We own a condo that we rent out, but because we are quite ignorant of the local landlord-tenant regulations, we leave all the paperwork and rent collection to a property management company. A recent letter from them started with the following salutation:

To all our valued property owners

"It is nice of them," I thought, "to appreciate their clients."

But, wait! Being the capitalists they are, do they instead mean To all our "valued property" owners? Maybe. Who knows?

The next time I write to them, I think I will start out with:

To my depreciated property manager