Poor people and credit

[CorbynForTheBin]

How dare you suggest such a thing

[MDMA .]

No more quoting. Page 16 reads in single letters above each other on my phone. Not very nice on the eyes.

[StuTheGrouch]

MDMA . said:

No more quoting. Page 16 reads in single letters above each other on my phone. Not very nice on the eyes.

Sorry about that

[iphonedyou]

Ari said:

Feels a bit like that to me too. Happy enough to look down on the 'lower orders', but dare to suggest someone in the middle is living beyond their means? Hang him!

Brabus wasn't looking down on anybody, from what I've read. Actually said he'd financed stuff himself before.

[BrabusMog]

iphonedyou said:

Ari said:

Feels a bit like that to me too. Happy enough to look down on the 'lower orders', but dare to suggest someone in the middle is living beyond their means? Hang him!

Brabus wasn't looking down on anybody, from what I've read. Actually said he'd financed stuff himself before.

Indeed. I'd actually say it was 2CV saying his missus' middle class friends were living beyond their means. I reserve the right to look down my nose at people who give 2k for a 350quid tv from Brighthouse, but apart from that as long as people pay their debts, I feel it's up to them what they do. I find it funny when people look at others and question how they are where they are, it's something my mum does about the neighbours, I expected better of this place.

[Ari]

BrabusMog said:

iphonedyou said:

Ari said:

Feels a bit like that to me too. Happy enough to look down on the 'lower orders', but dare to suggest someone in the middle is living beyond their means? Hang him!

Brabus wasn't looking down on anybody, from what I've read. Actually said he'd financed stuff himself before.

Indeed. I'd actually say it was 2CV saying his missus' middle class friends were living beyond their means. I reserve the right to look down my nose at people who give 2k for a 350quid tv from Brighthouse, but apart from that as long as people pay their debts, I feel it's up to them what they do. I find it funny when people look at others and question how they are where they are, it's something my mum does about the neighbours, I expected better of this place.

[Blown2CV]

King Herald said:

Blown2CV said:

why is ANY of the people discussed in this thread ANY of OUR concern? Why do ANY of us have an interest in ANYONE else's finances? I will ask AGAIN, why is it so much worse to be interested in an average income family's finances than it is to be interested in that of 'poor people'? I've not said they are definitely living above their means, but it is clear to me that they spend a lot more than their income would suggest they should be able to afford. Their income is only in some way knowable because they are teachers, and that's a standard pay-scale. Why is it OK to rant about "benefits scummers' and council estate massive TV people, but not OK to comment on anyone else? I am still trying to establish what specifically it is that you find so offensive about what i've said about people that you and that other bloke don't even fking know!!

Maybe you hit a sensitive nerve with the people who responded so vehemently? Maybe they have some skeletons in their closet, some red ink letters from their own bank, some exorbitant life style they can ill afford, and thus feel offended by your post?

It sure sounds like that from where I'm sitting.

to me too really

[Blown2CV]

BrabusMog said:

iphonedyou said:

Ari said:

Feels a bit like that to me too. Happy enough to look down on the 'lower orders', but dare to suggest someone in the middle is living beyond their means? Hang him!

Brabus wasn't looking down on anybody, from what I've read. Actually said he'd financed stuff himself before.

Indeed. I'd actually say it was 2CV saying his missus' middle class friends were living beyond their means. I reserve the right to look down my nose at people who give 2k for a 350quid tv from Brighthouse, but apart from that as long as people pay their debts, I feel it's up to them what they do. I find it funny when people look at others and question how they are where they are, it's something my mum does about the neighbours, I expected better of this place.

you're really starting to come across like a weapon now. Read it back.

[BrabusMog]

Blown2CV said:

you're really starting to come across like a weapon now. Read it back.

So you worry about your missus' friends and how they fund their lifestyle but I am a weapon for thinking people that buy televisions from Brighthouse are daft?

[Blown2CV]

BrabusMog said:

Blown2CV said:

you're really starting to come across like a weapon now. Read it back.

So you worry about your missus' friends and how they fund their lifestyle but I am a weapon for thinking people that buy televisions from Brighthouse are daft?

the difference is i never said the people i know were daft, stupid, worthy of ridicule, scumbags etc. In fact I didn't say they were anything, they just seem to have more money than i know teachers earn. Have a word with yourself.

[BrabusMog]

Blown2CV said:

BrabusMog said:

Blown2CV said:

you're really starting to come across like a weapon now. Read it back.

So you worry about your missus' friends and how they fund their lifestyle but I am a weapon for thinking people that buy televisions from Brighthouse are daft?

the difference is i never said the people i know were daft, stupid, worthy of ridicule, scumbags etc. In fact I didn't say they were anything, they just seem to have more money than i know teachers earn. Have a word with yourself.

Amazing. Can you just point out where I said they were scumbags etc? Perhaps you should read what you posted about your friends again, and then maybe have a word with yourself?

[Pommygranite]

This thread has made me think that it isn't the people using credit to buy what they want that need a smack it's some of the judgemental fkers on here.

Maybe some people should spend less time observing others and undertake a little self reflection.

[berlintaxi]

Pommygranite said:

This thread has made me think that it isn't the people using credit to buy what they want that need a smack it's some of the judgemental fkers on here.

Maybe some people should spend less time observing others and undertake a little self reflection.

Well said, however many on here can't pass up the chance to act all superior and judgmental, whilst the reality is they have a insignificant little life living paycheck to paycheck like the vast majority of the population, threads such as this re-inforce that PH really can be a huge collection of insufferable aholes on occasions.

[DonkeyApple]

berlintaxi said:

Pommygranite said:

This thread has made me think that it isn't the people using credit to buy what they want that need a smack it's some of the judgemental fkers on here.

Maybe some people should spend less time observing others and undertake a little self reflection.

Well said, however many on here can't pass up the chance to act all superior and judgmental, whilst the reality is they have a insignificant little life living paycheck to paycheck like the vast majority of the population, threads such as this re-inforce that PH really can be a huge collection of insufferable aholes on occasions.

This is all very true. However, anyone who was alive in 2008 and remembers the move to zero rates to save those with too much debt from defaulting and the decade after of those with savings continuing to finance those with too much debt and the subsequent asset boom triggered by the devaluing of the currency and its impact on the cost of living for all will have appreciated this recent reminder that excess debt is never, has never been and never will be beneficial to anyone bar the very few who prosper on the other side of the hideous wealth divide that usuary creates.

I think that as a subject it is definitely something that should be discussed. For example, should you look down upon someone who shops at Brighthouse? Beyond the basic view that it seems erroneous to look down on anyone full stop it does highlight the consumer hierarchy that exists. But anyone who pays more than needed for non essential goods that they could just wait to buy at the normal price at a later date is a fool. But the Brighthouse fool is arguably a victim of a lack of education meeting a willingness of a commercial enterprise to ruthlessly exploit this. Very unlike the educated consumer who willingly spends money they hope to earn in the future. Arguably we can see who the greater fool is. It's the chap who exploits himself.

In addition, the other way to look at this is that the chap who overplays for Brighthouse goods, when he retires he will not incur any loss of quality of lifestyle. Very unlike the more affluent consumer who is opting to over consume instead of invest in their pension. They will incur a massive slump in the quality of their lifestyle when they stop earning. So which of those two is the fool? It isn't the Brighthouse chap because his excess consumerism doesn't impact on his overall lifetime life quality. In short, anyone who has anything on tick is in absolutely no position to look down on anyone else who buys on tick and the chap at the bottom of the pile is the only one who isn't a complete fool as his debt doesn't impact his future.

But I think it is good that people are asking how others are living as it shows that this country hasn't gone completely insane and that some people are still living a normal life. It may manifest itself in ugly discussions that bring out contempt, anger, defensiveness etc but that just serves to highlight that people do understand that consumer debt isn't actually good for anyone.

[CorbynForTheBin]

DonkeyApple said:

In addition, the other way to look at this is that the chap who overplays for Brighthouse goods, when he retires he will not incur any loss of quality of lifestyle. Very unlike the more affluent consumer who is opting to over consume instead of invest in their pension. They will incur a massive slump in the quality of their lifestyle when they stop earning. So which of those two is the fool? It isn't the Brighthouse chap because his excess consumerism doesn't impact on his overall lifetime life quality. In short, anyone who has anything on tick is in absolutely no position to look down on anyone else who buys on tick and the chap at the bottom of the pile is the only one who isn't a complete fool as his debt doesn't impact his future.

This is the interesting thing which is pretty 'new', as debt/leasing against a wide range of products is much more available than 20, 30, 40yrs ago.

[DonkeyApple]

CorbynForTheBin said:

This is the interesting thing which is pretty 'new', as debt/leasing against a wide range of products is much more available than 20, 30, 40yrs ago.

Successive removal of financial regulations by governments in order to create artificial wealth and inflate tax receipts.

[Ari]

DonkeyApple said:

This is all very true. However, anyone who was alive in 2008 and remembers the move to zero rates to save those with too much debt from defaulting and the decade after of those with savings continuing to finance those with too much debt and the subsequent asset boom triggered by the devaluing of the currency and its impact on the cost of living for all will have appreciated this recent reminder that excess debt is never, has never been and never will be beneficial to anyone bar the very few who prosper on the other side of the hideous wealth divide that usuary creates.

I think that as a subject it is definitely something that should be discussed. For example, should you look down upon someone who shops at Brighthouse? Beyond the basic view that it seems erroneous to look down on anyone full stop it does highlight the consumer hierarchy that exists. But anyone who pays more than needed for non essential goods that they could just wait to buy at the normal price at a later date is a fool. But the Brighthouse fool is arguably a victim of a lack of education meeting a willingness of a commercial enterprise to ruthlessly exploit this. Very unlike the educated consumer who willingly spends money they hope to earn in the future. Arguably we can see who the greater fool is. It's the chap who exploits himself.

In addition, the other way to look at this is that the chap who overplays for Brighthouse goods, when he retires he will not incur any loss of quality of lifestyle. Very unlike the more affluent consumer who is opting to over consume instead of invest in their pension. They will incur a massive slump in the quality of their lifestyle when they stop earning. So which of those two is the fool? It isn't the Brighthouse chap because his excess consumerism doesn't impact on his overall lifetime life quality. In short, anyone who has anything on tick is in absolutely no position to look down on anyone else who buys on tick and the chap at the bottom of the pile is the only one who isn't a complete fool as his debt doesn't impact his future.

But I think it is good that people are asking how others are living as it shows that this country hasn't gone completely insane and that some people are still living a normal life. It may manifest itself in ugly discussions that bring out contempt, anger, defensiveness etc but that just serves to highlight that people do understand that consumer debt isn't actually good for anyone.

Absolutely spot on!

[BrabusMog]

Ari said:

DonkeyApple said:

This is all very true. However, anyone who was alive in 2008 and remembers the move to zero rates to save those with too much debt from defaulting and the decade after of those with savings continuing to finance those with too much debt and the subsequent asset boom triggered by the devaluing of the currency and its impact on the cost of living for all will have appreciated this recent reminder that excess debt is never, has never been and never will be beneficial to anyone bar the very few who prosper on the other side of the hideous wealth divide that usuary creates.

I think that as a subject it is definitely something that should be discussed. For example, should you look down upon someone who shops at Brighthouse? Beyond the basic view that it seems erroneous to look down on anyone full stop it does highlight the consumer hierarchy that exists. But anyone who pays more than needed for non essential goods that they could just wait to buy at the normal price at a later date is a fool. But the Brighthouse fool is arguably a victim of a lack of education meeting a willingness of a commercial enterprise to ruthlessly exploit this. Very unlike the educated consumer who willingly spends money they hope to earn in the future. Arguably we can see who the greater fool is. It's the chap who exploits himself.

In addition, the other way to look at this is that the chap who overplays for Brighthouse goods, when he retires he will not incur any loss of quality of lifestyle. Very unlike the more affluent consumer who is opting to over consume instead of invest in their pension. They will incur a massive slump in the quality of their lifestyle when they stop earning. So which of those two is the fool? It isn't the Brighthouse chap because his excess consumerism doesn't impact on his overall lifetime life quality. In short, anyone who has anything on tick is in absolutely no position to look down on anyone else who buys on tick and the chap at the bottom of the pile is the only one who isn't a complete fool as his debt doesn't impact his future.

But I think it is good that people are asking how others are living as it shows that this country hasn't gone completely insane and that some people are still living a normal life. It may manifest itself in ugly discussions that bring out contempt, anger, defensiveness etc but that just serves to highlight that people do understand that consumer debt isn't actually good for anyone.

Absolutely spot on!

It's a good post, no doubt.

Just as a side note - my opinion of people using Brighthouse is due to that Shorpe tv show on channel 4. One household suffered a broken TV so, instead of going out and just buying a cheapy CRT 32" thing from a charity shop, they went to Brighthouse and got the latest Samsung with all the bells and whistles and the guy basically said they couldn't afford to pay cash so they would tick it and it doesn't really matter as it isn't their money anyway, or words to that effect.

[King Herald]

Poor people or rich people, nearly all of us buy our houses on credit.

[DickyC]

King Herald said:

Poor people or rich people, nearly all of us buy our houses on credit.

Well, yes, but that's not really the issue here, KH. Most people have to but their houses on credit, but not their watches.