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The time value of money is still a subsidy. The average American consumer has stacks of debt (credit card, student loan, etc) which makes fronting $1k for a pho
by coralreef 9y ago
The time value of money is still a subsidy. The average American consumer has stacks of debt (credit card, student loan, etc) which makes fronting $1k for a phone more difficult.
- BoorishBears 9y agoIf you can’t afford 1k for a phone you shouldn’t finance it. We’re not talking about a house or a car, it’s a 1,000$ phone that can have 90% of it's features replicated by a phone that cost as much as the down payment on the 1k phone that someone with maxed out credit will have to pay.
- coralreef 9y agoThe people buying the phones usually already know this. Consumers gonna consume.