3 ms·

Rob the poor when they need loans, then snap up all the properties in distress and rent them out with high technical proficiency. Hmmm, if you don't see the ser

by madair 18y ago

Rob the poor when they need loans, then snap up all the properties in distress and rent them out with high technical proficiency. Hmmm, if you don't see the serious problems here you should be asking yourself some really tough questions about where the state of your personal ethics is.

HeyLaughingBoy 18y ago
OK, I'll bite. Tell me what's wrong with what he did. A person needs money to feed their children and will be broke 3 days before payday. That person can either (a) not get any money at all, or (b) borrow it at a high rate of interest. What, exactly is wrong with option (b)? Don't add extra details like hidden gotchas, loopholes, what happened to a friend of your sister's etc. What is wrong with the situation exactly as I proposed it and why do you find it unethical? Likewise, if I decide to snap up a property in distress and rent it out, why is there a (as you put it) "serious problem here?" Why is it better to just let the property rot? Again, answer to the facts instead of letting your bias add conditions I haven't specified. I'm serious: I'm approaching this with an open mind. Tell me why I'm wrong.
- wwalker3 18y ago
  It's immoral to tempt someone into harming themselves, especially when it also benefits you. Payday loans tempt the weak with options that help in the (very) short run, but harm in the long run. The very existence of payday loans encourages self-destructive habits among the poor. Why budget carefully when you can just get a payday loan and kick the can down the road to next month? And since many payday loan customers get these loans every month, the loans are really just an additional monthly bill for poor people.
  - HeyLaughingBoy 18y ago
    I used to have a girlfriend who was a recovering alcoholic. I remember her telling me, "I couldn't pay my tuition; I had to struggle to get enough money to put gas in my car; I could barely pay my share of the rent. But I never had trouble finding money for booze!" Luckily for her she eventually figured out she needed to fix her life and did so. There's a segment of the population who habitually make bad decisions. I've known enough of them to understand that they usually know they're making bad decisions, but they either don't care or don't have an alternative. Here's the important part: You can't fix people Some people will use payday loans to get themselves deeper in debt; most of them will use them as a temporary crutch to get out of a hole. Don't screw the latter over in your fervor to "help" (and I use that term loosely!) the former.

by madair 18y ago

HeyLaughingBoy 18y ago

OK, I'll bite. Tell me what's wrong with what he did. A person needs money to feed their children and will be broke 3 days before payday. That person can either (a) not get any money at all, or (b) borrow it at a high rate of interest. What, exactly is wrong with option (b)? Don't add extra details like hidden gotchas, loopholes, what happened to a friend of your sister's etc. What is wrong with the situation exactly as I proposed it and why do you find it unethical? Likewise, if I decide to snap up a property in distress and rent it out, why is there a (as you put it) "serious problem here?" Why is it better to just let the property rot? Again, answer to the facts instead of letting your bias add conditions I haven't specified. I'm serious: I'm approaching this with an open mind. Tell me why I'm wrong.

wwalker3 18y ago
It's immoral to tempt someone into harming themselves, especially when it also benefits you. Payday loans tempt the weak with options that help in the (very) short run, but harm in the long run. The very existence of payday loans encourages self-destructive habits among the poor. Why budget carefully when you can just get a payday loan and kick the can down the road to next month? And since many payday loan customers get these loans every month, the loans are really just an additional monthly bill for poor people.
- HeyLaughingBoy 18y ago
  I used to have a girlfriend who was a recovering alcoholic. I remember her telling me, "I couldn't pay my tuition; I had to struggle to get enough money to put gas in my car; I could barely pay my share of the rent. But I never had trouble finding money for booze!" Luckily for her she eventually figured out she needed to fix her life and did so. There's a segment of the population who habitually make bad decisions. I've known enough of them to understand that they usually know they're making bad decisions, but they either don't care or don't have an alternative. Here's the important part: You can't fix people Some people will use payday loans to get themselves deeper in debt; most of them will use them as a temporary crutch to get out of a hole. Don't screw the latter over in your fervor to "help" (and I use that term loosely!) the former.