binary solo said:
Some trades people friends of mine (builders, carpet layers etc) say the rich folks are always the slowest payers, and the ones who niggle most over the bill. Similarly my artist friend, who sells his painting for $50K or more through a New York Art dealer, said it's the richest buyers who are the meanest price hagglers and the slowest to pay. You get a millionnnaire buying a painting they will normally pay the asking price and in reasonable time. But a billionnaire will demand a price discount, because they are who they are and everyone must dance to their tune. Meanwhile once you take the dealer's commission off and the other costs of producing the work and the time it takes, even though 1 painting for 50K sounds a lot his effecitve hourly rate isn't much more than minimum wage. So a billionnaire haggling to knock $5K of the price of a painting really hurts the bank balance, even though for him (usually a him) it's chump change. |
Yes I know this... in Brazil several banks preffer to lend to poor people that usually are better payer and more afraid of having their name impaired. One of the biggest retail chains here "Casas Bahia" started bussiness selling for poor people with payments over 60 months. And most people never lost a due date.

duduspace11 "Well, since we are estimating costs, Pokemon Red/Blue did cost Nintendo about $50m to make back in 1996"
http://gamrconnect.vgchartz.com/post.php?id=8808363
Mr Puggsly: "Hehe, I said good profit. You said big profit. Frankly, not losing money is what I meant by good. Don't get hung up on semantics"
http://gamrconnect.vgchartz.com/post.php?id=9008994
Azzanation: "PS5 wouldn't sold out at launch without scalpers."







