Hi, I’d like to apply for a mortgage. No, just a kid’s mortgage, thanks.
If kid’s mortgage is the one your kids continue to pay after your death, then I’m sure we’ll see it soon.
The screenshot shown references nothing about a payment plan or a 69% APR. What am I missing?
All of the “buy now pay later” or pay in installment schemes/apps popping up, supposedly they are popular but I don’t get it, it is just a worse credit card.
Ah ah ah! It’s another credit card. People with no self controle love that.
With credit cards you’d have to pay in full next month or pay interest. Here the installment plans go to to 3 or 6 months without interest.
You also don’t need to own a credit card so no need to pay that monthly fee.
Not all of them are without interest. In fact, the ones you’ll find the most are quite usurious.
They’re all interest free in my country, but if you need a longer period, you can get an installment plan that has an interest rate comparable to a credit card.
The longer time to pay makes sense but the cards I have dont charge me for having them, I know availability of cards may vary though, some people might not have decent card options, I guess it makes sense.
Probably varies by country. My gold card was something like 5 euros a month which isn’t a whole lot, but it’s still money for something that only serves to make it way too easy to take on debt and has little other value.
The lack is itself a reference to how many times OP has 69d (zero)
Kids items have been cheaper as long as I can remember. I guarantee a restaurant you’ve been to has had two identical items at different prices, or things that are cheaper and you get more of the thing. The only thing modern about this is taking a screenshot of your cart.
And this is the innocuous form of it. Places who don’t serve children often are generally happy to make their profits off of adults and worry less about income from the odd child (especially Starbucks).
If you want to see real tiered pricing, look at all the fast food apps. The purpose of those is to extract as much money from you as possible. Those who don’t want to deal with them pay double, and they don’t lose much business from those who refuse because they’re often willing to use the apps.
Switch Kids out for Wedding and triple the price.
But this is a screenshot of your cart at the Starbucks app?
Am I missing something here? This doesn’t make any sense. It’s not even related to a loan
the kids size and the smallest size are the same size but a different price
My English is not the best but how does that qualify as a loan?
the title references something else than the image
some places allow you to pay for stuff over a period of time, so you can actually be financing something like a pizza
Credit card installments exist all over the world. Those are not loans
Is that what’s being displayed here, a pizza paid by credit card installments?
What is displayed here is a price disparity for the same item. The top bar of the meme identifies this as a side effect of capitalism. The title is talking about insane financing schemes which are also perceived as a side effect of capitalism. That is how they are related, and I’m pretty sure OP is making a joke with the 69% reference. The whole mood says “capitalism bad”.
So, some things are more expensive than others? That’s an insane financing scheme for you? And that’s a meme?
My god, this is a whole nother level of dementia, even for Lemmy
Ah, yes, railing against the commenters who are kindly going out of the way to explain something for you instead of OP who posted and wrote the thing. That’s the only dementia I’m seeing right now.
I think you misunderstood me. A price disparity for the same item and insane financing schemes are both byproducts of capitalism, not byproducts of each other.
You did a pretty good job of pretending to post in good faith I must admit
The point is that the Kid’s Hot Chocolate and the Small Hot Chocolate are literally the same item, but the “Small” is a dollar more
It’s not a larger amount, it’s literally the same amount and the app even tells you this
If you like to pay more for the exact same amount and quality of goods, then I believe I have a bridge to sell you.
In the case of the meme, the item which is more expensive is the same item marketed differently. As in, exactly the same item. The insane financing scheme is referencing a popular pizza chains “pay it in 4” for a pizza order, which is both similarly comical and malicious. Both things prey on time-poor, tech-illiterate, or uneducated users to increase profit margins without needing to improve or adjust the service or goods being provided.
thats what the title is referring to. as in, not what is in the image itself. the image itself is showing the same product for the same size yet the “kids” version is almost a dollar cheaper than what everybody else would usually get
Payment plan please, 69 month term.
Nice.
goes bankrupt
I’ll take the 69, you can keep the loan. 😏
It’s innovative because it applies evolutionary pressure by making sure that dumb people falling for such simple scams will be too poor to survive and reproduce /s
