rambabu wrote:
@Sunil. What for do you think some people go for loans? It's only to boost their purchasing power. It's only to compete with those who have purchasing power. In some parts of India, eating fish daily is considered as symbol of aristocracy. I happened to live in such a region some years ago. A friend of mine often used to take loans from me. I thought he's taking loans for his family needs! Until I found him one day after taking a loan from me in a fish market buying fish.
Now think. Do you think such loans are necessary?
This example is enough to drive home that even in the present scenario it's applicable.
No in that case I do not consider it a loan but tricking you to cough out some easy money for himself. The loans are for homes, vehicles, business etc. People see their opportunities in such loans but these should be productive. I feel people taking advantage of their loans should not hesitate. You know you pay 12-14% interest per year but earn that much in a day if invested properly.
Call it by any name. The point to be considered here is, how some people are raising the demand for these gadgets, here smart phone. Because of such people in the society, the manufacturers of these gadgets very complacent about their customers. Hence, there will be always buyers for such type of gadgets.
I agree to this one, people buy such gadgets just because these are available but most features they provide are kind of alluring that most of us never use practically.
This is a pertinent point, you raised. Because of the gadget's availability and the Ad gimmicks like," buy today, before the stocks are exhausted". Force the customer towards the gadget. He goes for it in a hurry, without even knowing its features. Naturally, those features remain unused.