Am ha'luxury

[gozalim]

Sounds like cognitive dissonance to me.

as a Lubavitcher?

[ExGingi]

Yes but BG MS is with risks and stress and desperate people do desperate things

Sorry, MS on high debt isn't sustainable

My biggest accomplishment in life after quiting smoking, wax getting my cc debt

I never said anything about BG, nor did I say anything about carrying debt. Proper MS involves paying off all personal cards before statement closing date, and business CC by the due date. This is totally OT for this thread and was just brought up when someone mentioned borrowing at 0% APR and depositing at 5%.

[chevron]

Wow, everyone's showing off their collective stupidity .

Sure bang on me .. what do I care. But if you cannot or will not see the issue for what it is, you should sound moronic.

While this is a national problem. I think it's worse off in the Jewish world.

[chevron]

I never said anything about BG, nor did I say anything about carrying debt. Proper MS involves paying off all personal cards before statement closing date, and business CC by the due date. This is totally OT for this thread and was just brought up when someone mentioned borrowing at 0% APR and depositing at 5%.

Correct but that requires funds.. and if it's done with BG buying there are risks.. for example, What if they take too long to pay you? So all those profits now got lost because you couldn't pay the card in time and you had to pay the interest?

[jye]

Yes but BG MS is with risks and stress and desperate people do desperate things


Regardless, this post isn't about credit cards specifically. It's about a life style and spending.

25 years ago there was few high end kosher dinning in Miami.

Most of the heimish visitors were centered around 41'st street.

Anyone know what the crown or the Saxony charged?

Jews always vacationed, I just don't think they vacationed to marionbad etc in Cadillac escalades they couldn't afford

I just fail to see the point In luxury where it's become obscene, least of which you cannot afford

I went

A friend gave me a ticket so I didn't pay. But there was tons and tons of food

It was disorganized.  But I had lamb chops, massive tomahawk steaks, tons of other cuts, chicken, grilled veggies, fried arepas etc

Bar was decently stocked though I had brought wine so not sure, the desert looked fine

Yes they over promised and there didn't seem to be hookah or cigars but the food was exactly as advertised.

Isn’t this what everyone else on DDF is doing? Living it up on someone else’s dime-the cc company and/or its investors. I don’t condone it and there is lots to say about it (but it might fall under דבר של נשמע) but I’m not seeing where exactly you are willing to draw the line.

[moko]

Wow, everyone's showing off their collective stupidity .

Sure bang on me .. what do I care. But if you cannot or will not see the issue for what it is, you should sound moronic.

While this is a national problem. I think it's worse off in the Jewish world.

most agree with the issue 100% . It just sounds funny coming from you. Kind of like a guy ranting about talking during davening right in middle of chazaras hashatz....
Extravagant wine dinners go a long way to solving

Am ha'luxury

[yoohoo]

most agree with the issue 100% . It just sounds funny coming from you. Kind of like a guy ranting about talking during davening right in middle of chazaras hashatz....
Extravagant wine dinners go a long way to solving

this is over the line imo.
Most agree with him and as I posted earlier is not merely a “Jewish” problem.

Pardon my ignorance even as someone who spends too much time on ddf. But what is BG and MS?

[yungermanchik]

this is over the line imo.
Most agree with him and as I posted earlier is not merely a “Jewish” problem.

Pardon my ignorance even as someone who spends too much time on ddf. But what is BG and MS?

Buying Groups-buying limited deals to sell to a company for resale./
Manufactured Spend(ing)-Using credit cards to "buy money".

[skyguy918]

Somehow

most agree with the issue 100% . It just sounds funny coming from you. Kind of like a guy ranting about talking during davening right in middle of chazaras hashatz....
Extravagant wine dinners go a long way to solving

this is over the line imo.

but

everyone's showing off their collective stupidity .

is fine by you?

[Something Fishy]

Fight nicely, kids

[Euclid]

Fight nicely, kids

The oilam gets ornery when CV takes extended breaks.

[YitzyS]

@chevron When is your

Wine

&

Whine

podcast coming out?

FTFY

[ExGingi]

I was going to wait until tomorrow to post this, but I see the discussion is getting heated, so let's just conclude with the following regarding luxury (while leaving an opportunity for @Dan to post the translation):

[Dan]

I was going to wait until tomorrow to post this, but I see the discussion is getting heated, so let's just conclude with the following regarding luxury (while leaving an opportunity for @Dan to post the translation):

מען בעדארף לעבן מיט דער צייט. First you need today's Hayom Yom:

[chevron]

most agree with the issue 100% . It just sounds funny coming from you. Kind of like a guy ranting about talking during davening right in middle of chazaras hashatz....
Extravagant wine dinners go a long way to solving

I charge very little for my wine dinners, less than the average person spends at a restaurant, not including wine

Extravagant my tuches, sounds like you're jealous

רבי אלעזר הקפר אומר, הקנאה והתאוה והכבוד מוציאין את האדם מן העולם

There's what to argue, but there are plenty of people who would drink trayf wine and by extension trayf food otherwise

Nonwithstanding, if someone can afford it, why's it your problem? This is essentially the broader context, if people can afford something do it, those who cannot, feel entitled

That's a one way trip to debt or socialist utopia

I have also done hundreds of free wine events over the years hosting 1000+ Jews who feel better about yiddishkeit

[chevron]

מען בעדארף לעבן מיט דער צייט. First you need today's Hayom Yom:

Tall stuff coming from you after trolling me

[jj1000]

Let me start off by saying "to each their own, I don't tell people how to spend their money"

Reading the PSA don't swipe recklessly thread has me thinking that nothing is free, the free vacations aren't free if you factor in cost of acquisition of those miles.

I just don't understand how we became such a luxury driven nation.. I see young couples visiting Miami driving Cadillac escalades, eating at top restaurants and staying at top hotels, you'd estimate such a vacation in real costs can be $5000.

Yes bh there are quite a lot of truly wealthy people .. but I find it hard to believe 5% of those spending it, can really afford it .

Maybe im wrong,  I just got a new lease which was literally the best deal on the market and absolutely needed, then my insurance premiums went up .. I can't conceive how a young family can afford an $700 lease with $500+ insurance

That's almost $15,000 a year, are frum couples clearing over $150k a year post tax ?

Such a person's rent could easily hit $3000 a month

Between car and house that's a 3rd of your income not counting fancy vacations, luxury clothing and Lord knows what they eat when they aren't traveling.

sounds like you're jealous

Your words, not mine, chv.

[chevron]

Isn’t this what everyone else on DDF is doing? Living it up on someone else’s dime-the cc company and/or its investors. I don’t condone it and there is lots to say about it (but it might fall under דבר של נשמע) but I’m not seeing where exactly you are willing to draw the line.

I live in a very affordable apartment.. my building is actually a dump

Last time I ate out was (im wracking my head for 4 minutes here)
Maybe when ostrow opened ? I brought some wine, and friend picked up tab

I occasionally take my ke'h 99 till 120 grandmother out to Bambu

I do spend a lot on Uber eats, but as a single guy it's often that or go hungry

Not sure how or why anyone thinks I'm living it up. I have no social media etc

[chevron]

Your words, not mine, chv.

#troll

Btw let's not get into $150 bottles of champagne *ahem*

[Dan]

Tall stuff coming from you after trolling me

Where did I troll? We all have luxuries that we spend on. It's OK to own them, not sure why you're getting defensive about your own luxuries.
Of course we all have our pet peeves as well.