06-13-2011, 07:48 AM
rent-to-own is similar to those payday loan places. a way to rip off the poor. there are always people around to gouge the poor, at interest rates nobody that has any money/decent income would ever pay. the poor pay more for stuff.
that being said...i observed this a lot in florida...renters, usually of trailers, go get rent-to-own furniture, TVs whatever. they then steal it when they get evicted and move to next trailer. OR they simply leave it behind, saves moving bother.
then rent-to-own people show up and load it up.
they charge such high rates to cover these loses and to buy more cheap crap from cheap crappy stores to rent out to the poor who can't simply go buy stuff.
that being said...i observed this a lot in florida...renters, usually of trailers, go get rent-to-own furniture, TVs whatever. they then steal it when they get evicted and move to next trailer. OR they simply leave it behind, saves moving bother.
then rent-to-own people show up and load it up.
they charge such high rates to cover these loses and to buy more cheap crap from cheap crappy stores to rent out to the poor who can't simply go buy stuff.