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A comment on Owning nothing is now a luxury, thanks to a number of subscription startups. Parent comment

Re:Owning nothing is now a luxury, thanks to a number of sub... by m463 on Monday June 10, 2019 @10:49PM (#20152700)
On the other hand, what about people with lots of credit card debt?
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Re:Owning nothing is now a luxury, thanks to a number of sub... by taneq on Monday June 10, 2019 @11:05PM (#20152762)
Basically the same thing except instead of renting off the "-as-a-service" crowd they're renting off the bank.
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Re:Owning nothing is now a luxury, thanks to a number of sub... by onion2k on Tuesday June 11, 2019 @01:06AM (#20153131)
One small difference - eventually they pay the bank debt off and own the item. The as-a-service users pay forever.
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Re:Owning nothing is now a luxury, thanks to a number of sub... by taneq on Tuesday June 11, 2019 @01:16AM (#20153160)
A lot of people just keep their credit cards maxed, pay the minimum every month, and re-sell things they've bought at a loss.
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Re:Owning nothing is now a luxury, thanks to a number of sub... by onion2k on Tuesday June 11, 2019 @02:46AM (#20153438)
Sure. Even then though, if they ever decide to stop living that way they can pay off their debt without borrowing more, and keep the stuff they bought.

re-sell things they've bought at a loss

Only a loss compared to the price at the start. If you account for the utility they got from the item and depreciation it's probably just the current market value.

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