Rental America: Why the Poor Pay $4,150 for a $1,500 Sofa
17th October 2014
I’d like to know what business ‘the poor’ have buying a $1500 sofa in the first place. They don’t sound all that poor to me.
17th October 2014
I’d like to know what business ‘the poor’ have buying a $1500 sofa in the first place. They don’t sound all that poor to me.
October 23rd, 2014 at 10:22
A $1500 sofa AND cigarettes? Doesn’t sound all that poor to me either.
October 30th, 2014 at 12:02
They are poor — the point is that you can buy these expensive things with little to no money, at great and punishing interest. Usury, there is a reason it has a villainous rep. The argument could be made that savings would do the trick instead, given the will and some planning, but would mean going without a couch or an ipad in the meantime, delaying gratification, etc. But insinuating, as you do, that ‘they’ are not poor is just snark.
Monetising the poor in this manner is a reality defying financial technology, like sausage making. Stufffing the proles full of imaginary capital is great and necessary sport.
October 30th, 2014 at 16:16
Poor compared to what? Anyone who thinks he can afford a $1500 sofa, no matter how much he ends up paying for it, doesn’t sound like ‘the poor’ to me.
“I want to come to America. I want to see a country where the poor people are fat.”