@oddblots @simplic10 Oh yes! Although looked at another way, investing in social status/relationships might reflect low time pref too.
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@oddblots
@simplic10 (thinking of the camel-colored cape from this essay http://tressiemc.com/2013/10/29/the-logic-of-stupid-poor-people/ … which I found insightful)
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@nydwracu this is actually a deep point that points out yet ANOTHER feature of money that their goods have! -
@sarahdoingthing@nydwracu Some ppl I knew treated jewelry, musical instruments, tools as a savings account, to be pawned in emergencies. - 1 more reply
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@sarahdoingthing I wonder how much better life as a burglar is since laptops and smartphones -
@drethelin that and louis vuitton purses - 2 more replies
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@sarahdoingthing You're on to something, but -- as with riots -- I suspect proximity is probably the overriding factor. Common turf. Ho-hum. -
@NineBandedBooks Agree proximity is more important.
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@nydwracu@sarahdoingthing black market farmer's market veggiesThanks. Twitter will use this to make your timeline better. UndoUndo
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@sarahdoingthing good fences make poor neighbors? Bad fences make good neighborsThanks. Twitter will use this to make your timeline better. UndoUndo
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