Whatever.Thank you. This is on my top three annoying sayings list!
:funn:
Just saw on the news the other day that "it is what it is" ranked in the top five most dislike sayings. "Whatever" was also in there.
It is what it is, in real estate terms, simply means that if buyers are willing to pay no more $425,000 for a house, and a seller won't sell for less than $525,000, the house is only worth $425,000, and no more, regardless of what the "seller" (real name - "owner') wants to get for it -- in other words, "it is what it is," and as Rick says, "and it ain't what it ain't."
It probably stems from Buddism, where a rock is simply a rock.