Now that's just a ridiculous statement. What shall we do, make them slaves, sell their children to slaughterhouses, cut off their hands? They aren't walking away, either they're losing their collateral, assuming they have any equity. Yes, our economy is absolutely wrecked because we are a nation of debt monkeys. Car dealers don't even tell you the actual price any more, just the monthly payment. Everyone is living beyond their means, in hock up to their eyeballs. It's not what you can afford; it's what your banker says you can afford, and he has a vested interest in you overpaying. Most Americans never get out of debt their entire lives - they go their graves making the minimum monthly payment, and never putting away a dime of savings.
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Oh really! Your attitude is just part of the problem! Blame the bankers! That's good! Like those who borrowed were blameless in the situation. Complete and utter lack of personal responsibility! That's the underlying, bottom-line reason behind why our country is in the toilet on way too many levels! And it has created a whole country of over-privileged whiners who think someone else is supposed to step in and solve all their problems!
I may have borrowed more money than I should have at times, worked harder than I would've if I hadn't, but I never spent one second blaming someone else for my situation because of it. I've paid it all off and I have so much more because I did. I have the experiences I've gotten, the things I bought and an attitude of "Can Do" that most of the folks I know haven't got a clue about how to get!
We don't have folks in this country claiming bankruptcy once in their lifetime! We have people doing it multiple times! There are way to many who use it as a tool to overspend and then have their slate wiped clean for as little as $1,600. That's just ridiculous, IMO. If they had to bust their ass to repay the better part of their debt on a repayment plan, they'd think twice about it! Currently, we have a bankruptcy system where one's slate is wiped clean sooner by declaring bankruptcy than those who seek credit counseling and pay off the majority of their debt.
Go find a high school economics text. Look up "supply and demand." If there was no demand, there'd be no need for a supply!
If buying second hand gear with no warranty is your thing! Do so! If having a warranty and buying something new at a price that works for you is! Have at it! Just know what the pros and cons are! There is no one right way in life to do anything! There's multiple ways and ones that work better for some than others. Find the way that works best for you and enjoy your purchase!
If you didn't get the best price you felt you could've the first time around, you got the experience to use on the next!
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For me, I'd still rather buy new for most items than run the risk of not having a warranty or the availability of an upgrade program that some manufacturers offer on computers.
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It works for me and I NEVER made any statement that it was the only way. I merely presented an issue that for me, and possibly other consumers, may be considered a con!
If you, BFW, think that's backsliding, so be it! I never made any recommendation that it was the only way or even the best way to buy gear. I merely forgot that because of the price, the immaculate condition of the items, and the lack of a warranty on these items when new, that I had indeed bought a few used items. However, the majority of my gear was bought new, at prices far less than my retailer would've liked. Furthermore, I'd do the same again, because, from a customer standpoint, he was the finest example of a full-service retailer I've ever encountered. He's not in business any longer, simply because, after 25 years, he wanted to do something different. I've yet to find another LDS who comes close to providing an environment that motivates me to the point of anything approaching loyalty. And my items were warranteed. Furthermore, let me state clearly and unequivocally, for the record BFW, that I don't really give a damn about what you can or can't behind!