4 ms·

yeah and most of those parents have been refinancing their homes to support their spoiled children. That is going to end real soon and many of those kids are go

yeah and most of those parents have been refinancing their homes to support their spoiled children. That is going to end real soon and many of those kids are going to witness their parents lose their homes and become impoverished due to their lazy yet extravagant lifestyles.

ricardobayes 5y ago
It's not about spoiled children, I see janitors walking around with 800 euro phones here. It's just a psychological way for low earning people to 'keep up with the Kardashians'. AS they can't buy cars or houses they buy gadgets.
- sokoloff 5y ago
  It’s amusing to me to contemplate that I work in tech and buy 1-2 year old iPhones for $300-500. I’m glad so many people have to have the very latest and so recycle great tech for 50+% discounts.
  - dzhiurgis 5y ago
    So how is the $50 per month savings is going to help you buy that $1M home?
- pydry 5y ago
  I saw this in Myanmar. There were people living in mud huts but they had smartphones. I also had the same thought - it's the one luxury they can actually afford if they save up. I dont really get how people can look at that and think that these people are better off than a middle class 1950s US family. It's insane.
  - redisman 5y ago
    Phones are also not expensive unless you want them to be. You can get a great phone for any use for about $100 used. Streaming, playing Fortnite, productivity tasks. Any 5 year old phone can handle all that. It’s very cost efficient to get free entertainment, communication, portability
    - romwell 5y ago
      $100 might be tough to get, but my Moto G Power was $200, and I don't feel it's limited in any way. Heck, with the SD card slot I can film terabytes worth of videos and not worry about storage ever, and it lasts 2 days on a single charge. That said, the extra $400 worth of difference between that and an iPhone 12 won't exactly turn a millionaire into a pauper. If $200 is the cost of necessity, then $400 expense on top of it to feel good for whatever reason is pretty damn low as far as spending goes. It's less than furniture, less than expensive watches, less than anything close to luxury clothing (or even solid quality winter gear). $400 is a decent bicycle. I don't get why people care so much about other people buying expensive things that they themselves wouldn't buy.

ricardobayes 5y ago

It's not about spoiled children, I see janitors walking around with 800 euro phones here. It's just a psychological way for low earning people to 'keep up with the Kardashians'. AS they can't buy cars or houses they buy gadgets.

sokoloff 5y ago
It’s amusing to me to contemplate that I work in tech and buy 1-2 year old iPhones for $300-500. I’m glad so many people have to have the very latest and so recycle great tech for 50+% discounts.
- dzhiurgis 5y ago
  So how is the $50 per month savings is going to help you buy that $1M home?
pydry 5y ago
I saw this in Myanmar. There were people living in mud huts but they had smartphones. I also had the same thought - it's the one luxury they can actually afford if they save up. I dont really get how people can look at that and think that these people are better off than a middle class 1950s US family. It's insane.
- redisman 5y ago
  Phones are also not expensive unless you want them to be. You can get a great phone for any use for about $100 used. Streaming, playing Fortnite, productivity tasks. Any 5 year old phone can handle all that. It’s very cost efficient to get free entertainment, communication, portability
  - romwell 5y ago
    $100 might be tough to get, but my Moto G Power was $200, and I don't feel it's limited in any way. Heck, with the SD card slot I can film terabytes worth of videos and not worry about storage ever, and it lasts 2 days on a single charge. That said, the extra $400 worth of difference between that and an iPhone 12 won't exactly turn a millionaire into a pauper. If $200 is the cost of necessity, then $400 expense on top of it to feel good for whatever reason is pretty damn low as far as spending goes. It's less than furniture, less than expensive watches, less than anything close to luxury clothing (or even solid quality winter gear). $400 is a decent bicycle. I don't get why people care so much about other people buying expensive things that they themselves wouldn't buy.