Owning nothing is now a luxury, thanks to a number of subscription startups

Re:Owning nothing is now a luxury, thanks to a number of sub... by Barrin92 on Tuesday June 11, 2019 @04:34AM (#20153788)

index funds, they've averaged about 7-8% over the last 20 years and cost you basically nothing.

mind you renting your toothbrush probably isn't worth it, but if you're thinking about spending thousands of dollars and compare that to the compound interest you earn in a passive fund over a few years, you'd be surprised how much you lose out on.

In fact that's one of the drivers between middle class and upper class inequality. The upper class invests primarily in capital.

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Re:Owning nothing is now a luxury, thanks to a number of sub... by dagw on Tuesday June 11, 2019 @05:03AM (#20153874)

compare that to the compound interest you earn in a passive fund over a few years

So I did. Remember you've still got pay the $50/month out of that savings. Even with 7% guaranteed annual interest on your initial investment you're still losing money after month 46 with renting at $50/month compared to paying $2000 up front.

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Re:Owning nothing is now a luxury, thanks to a number of sub... by jbarberu on Tuesday June 11, 2019 @09:04AM (#20155008)

If the company renting out the couch didn't come out on top, they'd just put their money in index funds instead of buying inventory...

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Re:Owning nothing is now a luxury, thanks to a number of sub... by Dylan16807 on Tuesday June 11, 2019 @05:12AM (#20153901)

$1950 invested and pulling out $50 every month. If you get 10% interest, at the end of four years you have... negative thirty dollars.

And you still don't own the couch.

$50 a month for a $2000 couch is equivalent to a debt at 26%. You can't overcome that with investment. It only makes sense if you're planning to throw it away very soon.

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