Re:Private Equity Wants in on the Bailout? Spare Me
by bdcravens on Friday April 03, 2020 @07:21PM
(#22774882)
To me, that's someone whose debt is too high in relation to their income. Failure to me is losing assets or credit rating. I certainly don't want to see anyone starve or go homeless, but I also am not saddened to see someone lose their new BMW when a used Hyundai would have sufficed.
[ Parent
| on HN ]
Re:Private Equity Wants in on the Bailout? Spare Me
by TuringNYC on Friday April 03, 2020 @08:17PM
(#22775125)
BMWs are a straw-man argument. We just had one-time $1200 checks, there is discussion of more. No one is talking about buying BMWs, or servicing BMW-level expenses.
To put this in perspective, consider the monthly carry on rent+COBRA+food+honda (+ student loans). A one-time $1200 check wont go far.
Those who leased or bought BMWs arent really the subject of the conversation here, if they are relying on a $1200 check to get thru this, they are going under regardless (and possibly rightfully so if they got a luxury car rather than store a reserve/emergency fund.)