bro. Fucking – Think about it. Klarna pay in 3 installments divide the cost by 3 and take payments monthly. Month A, you pay one third. Month B you pay one third of months A and B. By month C onwards you’re consistently paying three thirds or 100% of the rent. You’d only defer yourself the value of one month’s rent over the span of two months. Pointless.
That’s how fucked our economy is. There is a significant number of people so close to the edge that buying an extra 10 days before eviction is the final gasp before becoming homeless.
I’m no Maoist but those ‘land reforms’ are starting to sound pretty good right now.
So what happens if you keep leveraging klarna on klarna on klarna and then just buy a van, skip the bill, and go off grid?
Yet more proof that “richest country in the world” doesn’t mean what Americans think it means.
Any of you remember those mail in cd things back in the 2000s. Get 12 CDs for like $5. But you were supposed to send more money later or something. I can’t remember exactly but I know I never made the payments. And no one else I know ever did either.
And because the amount was so low. It was never worth it for them to take you to court.
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We are cooked
So an idea.
Buy a fake identity on dark web. Max out klarna repeatedly.
Thanks to age verification this is gonna be really easy soon
Dystopian fucking timeline. Around every corner there seemingly waits billionaires waiting to fuck ppl over
Isn’t this just a mortgage without the equity?
People already put rent on their credit card to pay it off in chunks. This is just Klarna tapping in that market
People already put rent on their credit card to pay it off in chunks. This is just Klarna tapping in that market
People using CC to pay rent isn’t reassuring, it’s more alarming. Paying for housing on short-term, high-interest credit is financial insanity and implies profound dysfunction if not desperation.
I think the intention was to get the points. But, I’m sure some are not as diligent as they should be.
Well if you don’t pay they can evict you very fast. So if you need the money yesterday you have to accept 12%pa
A ton of property management companies charge like 3-5% “convenience” charge for using a credit card, meaning even with cash back you lose some money.
I tend to forget that salaries are paid weekly in the US. Then this makes at least somewhat sense.
Not typically. Every other week is more common.
Well, I’m used to monthly, both for rent and for salaries. So biweekly is still strangely often to me.
But thanks for correcting me.
Monthly or biweekly are both common in the US for salaries. And biweekly being the most common for hourly. Really just depends on your employer.
But, bills always come in monthly, which makes the monthly budgeting simple. A biweekly bill would fuck over a bunch of people as occasionally it would hit three times in a month.
But then why isn’t rent paid weekly?
Where I live, weekly or fortnightly pay is more common than monthly, and rent is almost always paid weekly.
But then why isn’t rent paid weekly?
rent is almost always paid weekly.
Did you mean monthly in that last sentence?
The first is referring to the US, the second to where Dave lives (I assume New Zealand).
You said it makes sense that in the US people get paid weekly (and pay rent monthly) so having a service that lets you pay rent off each week makes sense.
I’m asking why in the US people don’t pay rent weekly. Where I live it’s the most common way of doing it.
I’m asking why in the US people don’t pay rent weekly. Where I live it’s the most common way of doing it.
Basically all bills in the US come in monthly. Keeps the number of transfers, letters, and emails down. And as everything is on the same schedule, it works pretty well.
A biweekly bill would fuck over a bunch of people as it would occasionally come in three times in a month; necessitating a larger amount of cash on hand to account for these months. (And people are, overall, really bad about having any cash on hand)
Edit: Rejiggered the comment a bit
Edit 2: People get paid in the US either monthly or biweekly.
People get paid in the US either monthly or biweekly.
Ah, this is different than the other comment implied. They said:
I tend to forget that salaries are paid weekly in the US. Then this makes at least somewhat sense.
Financial literacy must be at an all time low.
The “free market” at work, folks.
My dad paid 140k to buy a lot and build a house about 25-30 years ago. It’s back up for sale…$475k. in that time, minimum wage went from $5.15 an hour to $7.25 in that save time frame.
People are still working 40+ hour weeks, and healthcare is somehow costs MORE, along with everything else.
I don’t fucking think immigrants had anything to do with any of that.
The role immigrants play is involuntary, so blaming them is asinine. But they do fit in the equation. An average American has little to no financial security (by design), leaving many in a constant state of desperation. If anything, immigrants are even more desperate to make a living away from whatever situation they were trying to get away from, thus willing to accept even lower pay. But on top of that, many are manipulated into a situation where they are trapped in an “illegal” status and forced to accept sub-minimum wages or get deported.
Make no mistake, the vast majority of immigrants arrive here legally, but are then victimized by our capitalist class. And in the end, they get blamed for the situation. Fuck that.
The class divide all over the world needs to be destroyed. But that will require solidarity amongst the worldwide working class who have been brainwashed into a completely illogical fear of their peers, just because of an imaginary line drawn by sociopathic fuckwit pedophiles, who do not, and never have, deserved anything even resembling respect.
Wiggling another jenga block out of the tower.
The best system in the world everyone!
