Mortgages by Walmart??

[SHELLY]

Will really be interesting if Walmart starts offering mortgages, HELOCs and home equity loans.....may put the "broke" in "Mortgage Brokers."

http://www.marketwatch.com/news/sto...D1A-48B9-90F6-3E9B423BD060}&dist=hplatest

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[scooterbug44]

My concern with Walmart branching out into so many interests is what happens to the country when they fail or have financial trouble?

Their percentage share of their current markets - toys, groceries, prescriptions - is scary enough.

 

[Bob]

Judging by the folks strolling through Wal Mart in O'town, Wal-Mart needs to crank up it's subprime lending machine.

 

[30A Skunkape]

Judging by the folks strolling through Wal Mart in O'town, Wal-Mart needs to crank up it's subprime lending machine.

:nono1: Be nice Bob;didn't you read The Millionaire Next Door?

 

[6thGen]

My concern with Walmart branching out into so many interests is what happens to the country when they fail or have financial trouble?

Their percentage share of their current markets - toys, groceries, prescriptions - is scary enough.

What happens to the county? They get cheaper services, or pay for better service. If they get cheaper services, the county residents will be spending their money on other things or invest it in promising industries.

 

[scooterbug44]

What happens to the county? They get cheaper services, or pay for better service. If they get cheaper services, the county residents will be spending their money on other things or invest it in promising industries.

My concern is the effect on our countRy's economy as a whole when one company/corporation is so heavily vested in a variety of industries, not another discussion about the free market system because people got tired of arguing about Palestinians with you.

At its current rate of growth, market share, and expansion, a failure of Walmart would be similar to a stock market crash. They currently control 30% of the US market for household staples, 40% of all DVD sales, 25% of drug sales, and 35% of the grocery market.

 

[6thGen]

My concern is the effect on our countRy's economy as a whole when one company/corporation is so heavily vested in a variety of industries, not another discussion about the free market system because people got tired of losing the Palestinian argument with you.

At its current rate of growth, market share, and expansion, a failure of Walmart would be similar to a stock market crash. They currently control 30% of the US market for household staples, 40% of all DVD sales, 25% of drug sales, and 35% of the grocery market.

If the rest of the market wants more share, they should build a better or cheaper widget. If Wal-Mart fails, there would be, as there always has been, enough money in household staples, DVDs, drugs and groceries for someone to provide those products to the market. Amazon seems to have found a good model. I fixed your last sentence in the first paragraph for you.

 

[scooterbug44]

I fixed your last sentence in the first paragraph for you.

No, you made the sentence inaccurrate. Frustrating people w/ inaccuracies, nitpicking, and unrelated examples so that they refuse to talk to you does not mean you "won" the argument.

My concern is that in many areas Walmart has driven "someone to provide those products to the market" out of business, so in case of a failure of Walmart (which I feel needs to be checked under anti-trust laws) there IS no alternative.

The free market examples you love fall apart because of their monopoly - they can't build a better or cheaper widget because Walmart controls the suppliers of the raw materials for a widget, the transportation they need to get the widget to market, and will undercut any of their attempts to sell the widget until they drive them out of business.

 

[6thGen]

No, you made the sentence inaccurrate. Frustrating people w/ inaccuracies, nitpicking, and unrelated examples so that they refuse to talk to you does not mean you "won" the argument.

My concern is that in many areas Walmart has driven "someone to provide those products to the market" out of business, so in case of a failure of Walmart (which I feel needs to be checked under anti-trust laws) there IS no alternative.

The free market examples you love fall apart because of their monopoly - they can't build a better or cheaper widget because Walmart controls the suppliers of the raw materials for a widget, the transportation they need to get the widget to market, and will undercut any of their attempts to sell the widget until they drive them out of business.

I'm open to any of your challenges on inaccuracies, which no one noted, or unrelated examples. Probably best to discuss over there, but since you brought it up I thought I'd address it.

Do you have examples of where Wal-Mart has used predatory tactics? I'm sure the feds would love to see them. In business school they taught me that if you can cut costs by vertical or horizontal integration, that's a good thing for everyone involved, except those that cannot compete. Because you like the corner grocery store that can't either offer a product that consumers are willing to pay more for or offer a cheaper product does not mean that the rest of the market should be forced to subsidize your preferences. Wal-Mart is not a monopoly.

 

[6thGen]

For the record, unless I would be making at least 3 stops if I didn't go, I don't shop at Wal-Mart.