3 ms·
I'm aware, and have used, this practice in Oakland, CA, Los Angeles, SF, Boston, Philadelphia, Seattle and Portland OR. One reason I keep a small amount of cash
by djbusby 3y ago
I'm aware, and have used, this practice in Oakland, CA, Los Angeles, SF, Boston, Philadelphia, Seattle and Portland OR. One reason I keep a small amount of cash around - just for the vig.
- canadianfella 3y ago[dead]
- konschubert 3y agoIt's extortion. You're paying protection money.
- djbusby 3y agoYep, and my stuff was protected. Been doing it since at least 1995.
- konschubert 3y agoYou have been financing crime.
- djbusby 3y agoI prefer to think of it as financing entrepreneurs.
- Ekaros 3y agoAt least the scale is much smaller than giving VC money to likes of Uber and AirBnB. So you have moral upper-hand.
- freediverx 3y agoEvery tax dollar you pay finances one human crime or another.
- konschubert 3y agoI’m discovering an increasing number of edgelords here on HN. You know that what you said isn’t true. Or you are really badly informed.
- bena 3y agoCanadianfella is correct. "Vig" is not the correct term. Vig, short for vigorish, is a yiddish/Slavic word used to describe the excessive interest on a loan from a lender of ill-repute. It's also used to describe the house's take of a book. It's not just money you pay to shady people. If he charged you $5 for parking, but allowed you to pay when you came back, but it would be $10 instead, you could say the additional $5 was the vig as that represents a 100% interest on a short term loan.