5 ms·

Are there specific issues that you have with the comment and deeper insights than those described? If so, what are they, and what data do you have to support t

Are there specific issues that you have with the comment and deeper insights than those described? If so, what are they, and what data do you have to support them?

SilasX 6y ago
Yes, the insight that the comment implies there's an easy source of free money that also lifts everyone out of poverty with little effort. Do you not count that as an insight? Were you aware of that implication before seeing my comment? Is there a reason you need copious data to back up my comment but not the original one?
- frickinLasers 6y ago
  The OP implies no such thing.
  - charwalker 6y ago
    That was OP being sarcastic and stating no further point other than they don't have one.
  - SilasX 6y ago
    Are we reading the same comment? >Instead of buying a 20-pack of $necessary_product that costs $20 and will last for months, the lower class buy a 2-pack that costs $5 and lasts a couple weeks because they need the $15 to pay rent. That directly implies that if they could be lent the $15, they could get the long term cheaper option and save money, even if they had to pay it back plus a high APR.
    - frickinLasers 6y ago
      Apparently we're not reading the same comment. In this example, the rich person pays cash for the 20-pack and probably earns interest on the savings. They have no need to pay interest on a loan. The poor person pays cash for the 2-pack and then pays again next month, and maybe takes out a payday loan to afford the rent after they have to call in sick, and there's your high APR. This is not a benefit. What am I misunderstanding?
      - SilasX 6y ago
        The entire premise, where I suggested this was an easy mutually beneficial profit opportunity, for the rich person to lend to the poor person to make the bulk purchases? I'm not sure you're keeping up with the exchange here.
        deleted 6y ago
        [deleted]
swiley 6y ago
Buying a car. If you don’t own a car in the US and don’t live in a place like NyC you will be destitute. You will have no way to get food and no way to get to work (and therefore pay rent.) Most people in the US could afford to actually save money if they didn’t have to pay (including interest!) on the loans they have to take out to buy a (crappy and used often!) car.

Are there specific issues that you have with the comment and deeper insights than those described? If so, what are they, and what data do you have to support them?

SilasX 6y ago

Yes, the insight that the comment implies there's an easy source of free money that also lifts everyone out of poverty with little effort. Do you not count that as an insight? Were you aware of that implication before seeing my comment? Is there a reason you need copious data to back up my comment but not the original one?

frickinLasers 6y ago
The OP implies no such thing.
- charwalker 6y ago
  That was OP being sarcastic and stating no further point other than they don't have one.
- SilasX 6y ago
  Are we reading the same comment? >Instead of buying a 20-pack of $necessary_product that costs $20 and will last for months, the lower class buy a 2-pack that costs $5 and lasts a couple weeks because they need the $15 to pay rent. That directly implies that if they could be lent the $15, they could get the long term cheaper option and save money, even if they had to pay it back plus a high APR.
  - frickinLasers 6y ago
    Apparently we're not reading the same comment. In this example, the rich person pays cash for the 20-pack and probably earns interest on the savings. They have no need to pay interest on a loan. The poor person pays cash for the 2-pack and then pays again next month, and maybe takes out a payday loan to afford the rent after they have to call in sick, and there's your high APR. This is not a benefit. What am I misunderstanding?
    - SilasX 6y ago
      The entire premise, where I suggested this was an easy mutually beneficial profit opportunity, for the rich person to lend to the poor person to make the bulk purchases? I'm not sure you're keeping up with the exchange here.
      - deleted 6y ago
        [deleted]

swiley 6y ago

Buying a car. If you don’t own a car in the US and don’t live in a place like NyC you will be destitute. You will have no way to get food and no way to get to work (and therefore pay rent.) Most people in the US could afford to actually save money if they didn’t have to pay (including interest!) on the loans they have to take out to buy a (crappy and used often!) car.