Millions of Americans skipping payments as wave of defaults and evictions looms

Re:Millions of Americans skipping payments as wave of defaul... by exclusiv on Wednesday June 03, 2020 @06:57PM (#23409984)

How do you know this? I think their point remains. Someone who gets a hand out, or wins $, as an example, will probably not appreciate it the same as if someone busted their ass for it.

Also, people often have a short memories when it comes to people that help them out financially. They might remember and appreciate it more if you help them move, or help them learn a craft.

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Re:Millions of Americans skipping payments as wave of defaul... by refurb on Wednesday June 03, 2020 @08:55PM (#23411065)

How is that even a controversial statement? It's a well known phenomenon in behavioral economics.

There was a story about how charging some nominal amount for a mosquito net led to more consistent usage and lower malarial rates, than if they just gave the net for free.

Why? Because the "price" of something is a signal as well. If it's free, who cares? If you paid something, well then it's yours and you should look after it.

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Re:Millions of Americans skipping payments as wave of defaul... by wolco on Wednesday June 03, 2020 @07:17PM (#23410186)

The rich kid, trust fund baby has great credit and can pay cash. But expect damage and a huge legal fight to evict.

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