SubstantialFrivolity
I'm not even supposed to be here today
No bio...
User ID: 225
SubstantialFrivolity
I'm not even supposed to be here today
11hr ago
Presumably the banks have an easier time beating money out of rich guys who default than I do.
To the extent that they can take collateral, sure. But the situation was a car, a depreciating asset. The collateral isn't nearly as valuable. Besides which, even having collateral doesn't mean there's no reason to try to lower risk further by only lending to people who are likely to be trustworthy.
Looking at the US situation from the outside it just looks like banks expect a consistent credit history only because credit card use is widespread, and credit card use is widespread because banks expect a consistent credit history.
That's not true at all. Banks expect a consistent credit history because they want to establish that you are a low-risk loan. It has nothing to do with credit cards.
SubstantialFrivolity
I'm not even supposed to be here today
13hr ago
Because income is only one part of it. Yes, you need to have sufficient income to pay back the loan, but lenders want confidence that you actually will, rather than just defaulting by choice. Your question doesn't make sense to me - if some rich guy came up to you and asked to borrow $10,000, would you lend it to him just because you know he has the means to pay you back? I certainly wouldn't, as I don't know the guy or his character. So I don't see why professional lenders would be any different in wanting some kind of validation that you are the kind of person to actually pay back a loan.
SubstantialFrivolity
I'm not even supposed to be here today
13hr ago
Come on man, your expectations aren't reasonable here. You wanted to borrow money, so of course your credit history was relevant. That isn't "needing to borrow to function", that is "needing to borrow to build confidence that you can be trusted to borrow more".
SubstantialFrivolity
I'm not even supposed to be here today
22hr ago
I agree. Freedom of speech hasn't been poisoned; people don't believe in it any longer. What you call it doesn't make much difference unless you can persuade people that the idea is still valuable.
SubstantialFrivolity
I'm not even supposed to be here today
1d ago
... Because they did come up with it? I'm not seeing the problem.
SubstantialFrivolity
I'm not even supposed to be here today
1d ago
You can't be preyed upon with tricky overdraft fees because if you don't have the money, you simply can't spend it.
Oh if only that were true. I found out the hard way that my bank would happily let transactions through that my checking account couldn't cover, then charge me a $50 fee on top of having to bring the account positive. There are some very predatory banks in the US.
That aside credit cards do have other advantages. They aren't insurmountable but do exist.
- A business which expects you might have incidental charges (say, a hotel which offers room service billed to the room) will put a massive hold on your card if you use a debit card, because they can't be sure they will be paid otherwise. Was quite a shock to me when I was traveling at 20 and found I had no money in my checking account after I checked in to the hotel. This can generally be worked around by getting the hotel to remove the ability to bill those things to the room, but a credit card is easier.
- While both credit cards and debit cards will work with you to return fraudulent charges or things you dispute with a merchant, when you use a debit card you are out real actual money until it gets resolved. With a credit card it's just a pending charge on your account, for which I don't believe you even pay interest. So you don't really lose out on the use of that money as the process resolves.
- Credit cards do have rewards in the US (though I'm told not in European countries). These can be, but aren't always, profitable for you if you take advantage of all of them. The credit card company is banking on you not taking advantage, but if you can (and have the discipline to follow through) it's a good deal.
- You do in fact need a credit history, at least here in the US. Even bad credit is often reckoned to be better than no credit. Having a credit card and paying off the balance establishes that credit history (though it isn't the only way).
So there are rational reasons to use a credit card. You don't have to, but they can be beneficial if you can avoid the trap of spending money you don't have.
SubstantialFrivolity
I'm not even supposed to be here today
1d ago
Not to mention the nonnas.
SubstantialFrivolity
I'm not even supposed to be here today
2d ago
Who cares? It's absolutely delicious, one of the all-time great dishes. I don't give a damn about the color.
SubstantialFrivolity
I'm not even supposed to be here today
2d ago
Fair, it's not just fish and chips. That is the one that comes to mind most readily for me (probably because I'm from the Midwest and we love fried fish there), but the Brits have given us other good food as well.
SubstantialFrivolity
I'm not even supposed to be here today
2d ago
People love to rag on English food, but I don't really think that's fair. Any culture that comes up with a dish as great as fish and chips deserves respect.
SubstantialFrivolity
I'm not even supposed to be here today
2d ago
As an European, I have happily never been subject to having to learn that there are 231 cubic inches in a US gallon.
As an American, I have never been subject to that either. Europeans love to bust out obscure conversions that nobody knows as evidence for the imperial system being bad, but nobody knows it because nobody needs to ever make that conversion. So who cares? I long ago memorized the very short list of conversions one encounters in everyday life:
- 12 inches to a foot, 3 feet to a yard (also 5280 feet to a mile though that isn't exactly everyday)
- 16 ounces to a pound, 2000 lbs to a ton
- 3 tsp to one tbsp
- 2c to a pint, 2 pints to a quart, 4 quarts to a gallon
I'm willing to concede that metric conversions are easier than these. But they aren't hard to learn either, and there aren't that many of them. It's not actually onerous in practice. I think that the inadequate equilibrium framing is not wrong, but it risks overstating the extent to which the equilibrium is actually causing problems in anyone's life.
SubstantialFrivolity
I'm not even supposed to be here today
3d ago
Yeah, weird. Almost as though they had different conditions which led to them taking different actions.
SubstantialFrivolity
I'm not even supposed to be here today
3d ago
Same reason we don't use the metric system
We don't use the metric system because it's not in the rational interests of people to switch. The imperial system sucks for kids (because they have to memorize the conversions), and if you have to do the math by hand I guess, but your typical adult already knows the conversions they need and has a calculator to handle the math. So they get no benefit, but would have to put up with learning all the new measurements. There's no upside for them.
SubstantialFrivolity
I'm not even supposed to be here today
3d ago
anyone who doesn't fully exhaust their HSA by the time they die
Is that actually a meaningfully large group of people? I spend something like half to 2/3 of my annual HSA contribution every year, and I'm only 40. Odds are very strong that I'll empty the thing before I die, because my healthcare costs will go up and I won't be contributing any more. I didn't get the impression that I was a particularly isolated case, either.
SubstantialFrivolity
I'm not even supposed to be here today
3d ago
One of my favorite bits of historical PR. "No, of course I'm not a king. As a proper Roman, I hate kings just as much as the rest of you do! I'm just the first citizen, with near-absolute power over the government and whose children will reign after him. Totally different!"
SubstantialFrivolity
I'm not even supposed to be here today
3d ago
FYI, you get the ability to break the damage cap in act 3. So hang on to those big hit builds, they'll come back in usefulness.
SubstantialFrivolity
I'm not even supposed to be here today
3d ago
Yeah I figured that it was the H2 version first, then the H1 version. So I did have the right order in mind when I said that the second iteration looks better.
SubstantialFrivolity
I'm not even supposed to be here today
3d ago
ER PPCs are good for a similar approach. My personal favorite (not best) setup Mech was in MW4, a Daishi crammed full of clan MGs. It's not necessarily the most powerful (though it does a surprising amount of work), but it's just so much fun to have that much dakka.
SubstantialFrivolity
I'm not even supposed to be here today
4d ago
More generally, "principal" means "first". Which I assume is the origin of principal as the head of a school, but IDK for certain.
SubstantialFrivolity
I'm not even supposed to be here today
4d ago
Interestingly, I just noticed that the current Friday fun thread was downvoted for me. I was confused because I didn't deliberately do it, and I undid that. I can only guess that while scrolling I accidentally pressed the down arrow (I browse the motte on my phone). Maybe that's what others are doing and they don't happen to notice after the fact?
SubstantialFrivolity
I'm not even supposed to be here today
4d ago
Can't say I have.
SubstantialFrivolity
I'm not even supposed to be here today
4d ago
Thanks! Weirdly the second iteration looks way better, because she actually looks female in that one. No idea what happened in the first game.
SubstantialFrivolity
I'm not even supposed to be here today
4d ago
I couldn't care less about elbows. The problem is that is straight up a man's face on a female body.
SubstantialFrivolity
I'm not even supposed to be here today
5d ago
Unfortunately your second link is broken (it goes to some decade old reddit post), so I still don't know what the Hades 2 version looks like. But it sounds like the devs are kind of slaves to the culture war, and feel the need to make everything reflect it. Which is unfortunate.
That's certainly possible. But that doesn't make it true. To settle the issue with any real certainly one would need to quantity loan reluctance in some way, then show that it is indeed less in those other countries.
More options
Context Copy link