Posted by paul on September 08, 2017 at 07:17:15 from (76.77.197.114):
In Reply to: Leasing posted by 41106 on September 07, 2017 at 20:31:35:
In general society and an individual is better off when people own stuff.
Owners tend to be or become more responsible, more careful, etc.
Renters tend to develop a 'not mine I don't really care' attitude, even if they are generally good folk. It just creeps into a person's thinking.
Financially a lease is a stacked deck against the consumer most of the time. It can make sense in business, but not often as a consumer/ average joe buying (well, not buying!) stuff.
On the other hand, big business can turn around more dollars faster if their customers rent/lease, so they emphasize all sorts of lease deals. People that still own stuff can turn their ownership into a bigger lease program, trade hard asset for payments.. This gives the business a bigger part of the consumer pie.
So in general, personal ownership of anything is a better thing for the person, and for the neighborhood.
Leasing or renting is a better deal for the business trying to generate income.
Not every lease in every situation is a bad deal, but in general, we would all be better off if we owned our stuff.
But we are dumb greedy humans, and we keep reaching for the next bigger better thing and try to get it any way we can. Business gives us the illusion of having a better life by leasing a fancier car vs owning a more solid machine.
Govt likes to see cash turn over often, they can tax it at each step of turn over, so they encourage any form of accelerated transactions. Govt likes you to lease stuff, it puts more taxes in their pocket.
And so we continue to lose the middle class...... But hey, I gots me a cool ride for 2 years!
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