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Well if your moral compass doesn't tell you what type of...

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deskworker

456 Posts.

21/07/16

18:50

Post #: 18330708
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Originally posted by Mongrel ↑

By the time I paid off my mortgage, I could have bought 3 houses also. Sure, over a longer period, but ppl conveniently forget that TGA rental items depreciate a lot faster than houses (try selling a one yo 2nd hand fridge on the market), and a mortgage, even a low doc one, has immeasurably higher checks and balances on it, including security and mortgage insurance to protect the bank.

This witch hunt smells of a nanny state. Nobody forces people to rent whitegoods. If they didnt, I dare say companies like TGA would have to reduce their charges or go out of business. Its what happens in the house rental market. That people still rent these goods at high prices means there is a value proposition that works for them.

The real nub of the issue is unconscionable "equivalent interest rate charges", whatever that actually means. Its not for the government to dictate what the level of those are, but for the industry to justify them. If they cant justify them, sure treat it as predatory behavior. I wouldnt trust a government (of any colour) to successfully run a business, let alone dictate to others how they should.

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Well if your moral compass doesn't tell you what type of interest charges are unconscionable then I think this company is for you.

TGA Price at posting: $1.36 Sentiment: None Disclosure: Not Held
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