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Why is everything in consumer / American life so fucking shitty now - and companies literally just say 'oh bc profit margins' and we're now expected to swallow that and sympathize? (lemmy.world)

submitted 1 year ago* (last edited 1 year ago) by _number8_@lemmy.world to c/asklemmy@lemmy.ml

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like I went to taco bell and they didn't even have napkins out. they had the other stuff just no napkins, I assume because some fucking ghoul noticed people liked taking them for their cars so now we just don't get napkins! so they can save $100 per quarter rather than provide the barest minimum quality of life features.

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[–] crashfrog@lemm.ee -1 points 1 year ago (1 children)

But it only moves the problem.

Yes, it moves the problem until after you're dead, and it moves the problem into the future when the value of your securities will have substantially grown, thereby reducing the real cost of your house. Both of those things are good!

If I borrow against the securities, I get cash. I use that cash. I now have zero cash (again).

You have zero cash plus a property asset. The value of that asset will grow as well. Both the asset and your securities are, in fact, growing in value at an interest rate that's greater than the interest you're paying on the loan.

So you're getting free money. It doesn't come from nowhere, of course; it comes from the future people who buy your securities. They essentially paid you in the past to buy a house, and they'll be paid to have done so by people who need to enter the securities market later on (by buying securities.)

[–] inetknght@lemmy.ml 1 points 1 year ago (1 children)

You have zero cash plus a property asset. The value of that asset will grow as well.

Well okay I did ask about buying a fancy house so I think it's a reasonable assumption.

But I want to change the argument ~~move the goalpost~~. Let's suppose I bought a fancy house and the housing market bubble finally burst... and that the house is now worth 1/3 of what I bought it for. That loss of value caused a massive heart attack and definitely caused death.

Or let's say I spent the money on hookers and blow. Might as well go out with a bang, after all.

Now all of that value truly is gone. Sucks to be my kids I guess. But at least I had a fun time, right?

[–] crashfrog@lemm.ee 0 points 1 year ago

Now all of that value truly is gone. Sucks to be my kids I guess.

Why do you think it sucks to be your kids? They inherit a free fancy house and any of your securities that weren't sold to pay the note.

I mean, it sucks for them that their cool dad is dead, but maybe they take comfort in the fact that you went out doing what you loved (raw dog nutting into bitches.)