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Started By
Message
re: Biden leaning towards canceling 10K in student loan debt if u earn less than 125K
Posted on 8/23/22 at 10:00 am to Palmetto98
Posted on 8/23/22 at 10:00 am to Palmetto98
quote:
I’m not a try hard tradie butthurt about people with degrees.
That ain't you hoss.
0
Posted on 8/23/22 at 10:01 am to 50_Tiger
quote:
Here we go again with this trope.
"get a good job and you can afford a house!"
"remote work is for lazy slackers"
"move to the country if you want to live cheaper"
fricking idiots dude. Absolute retards
Posted on 8/23/22 at 10:01 am to Mingo Was His NameO
quote:
What about closing costs? You're going to completely deplete yourself of cash? How old were you when you crossed that $100k mark? For the sake of your arguement, let's say 26 to be generous. That'd put you owning a home at around 31. Many people have kids by 31. You aren't saving 20% of gross with kids.
If you can't get sellers to pay the closing costs (admittedly difficult lately) then yeah you're cutting it close. Ideally you aren't completely depleting yourself of cash. You should be able to save 30% of your salary at 100k with no kids in my mind. I was accounting for 20% towards a home so you should still have $50k. And remember that's with no investment growth.
Anyone taking out significant student loans should be able to cross the $100k mark within 5 years of graduation. Otherwise you probably made a poor decision when you chose a major. Don't have kids until you can afford them and if you do there should be a 2nd income being saved up before they are born
Posted on 8/23/22 at 10:03 am to Bonkers119
quote:
Do you realize how bad everything you just said sounds? Only in America is it expected for people to have to work 2 to 3x as hard to be able to afford housing. The system is completely fricked.
there are people with housing, running water, free internet who have zero fricking income. You dont find that in other places of the world.
WTF are you people talking about?
other places dont have wic, or snap or paved roads. there are places without refrigeration.
This post was edited on 8/23/22 at 10:06 am
Posted on 8/23/22 at 10:04 am to Yeti_Chaser
quote:You aren’t bringing home $100k.
You should be able to save 30% of your salary at 100k with no kids in my mind. I was accounting for 20% towards a home so you should still have $50k. And remember that's with no investment growth.
Even in Texas, with no state income tax, you are taking a big hit.
Posted on 8/23/22 at 10:05 am to dgnx6
quote:Are you recommending everyone just go on welfare?
there are people with housing, running water, free internet who have zero fricking income. You dont find that in other places of the world.
The argument is that people not on welfare are being priced out of the market.
Posted on 8/23/22 at 10:05 am to GreatLakesTiger24
So, basically our "leadership" is sending the message to our younger students that those who took the responsibility to work hard and earn money to get through college are not as valued as those who simply took out a loan and waited for the government to bail them out. Sends a bad message. The issue that needs to be addressed is the ridiculous costs of college education. This it indirectly funneling money to fund the overpriced colleges, many of which are private universities.
Posted on 8/23/22 at 10:05 am to Yeti_Chaser
quote:
If you can't get sellers to pay the closing costs (admittedly difficult lately) then yeah you're cutting it close.
You aren't cutting it close, you don't have enough money.
quote:
And remember that's with no investment growth.
The market is down the last 12-18 months
quote:
Anyone taking out significant student loans should be able to cross the $100k mark within 5 years of graduation.
No they shouldn't and they don't. Your personal feelings don't mean a damn thing. Most people never make $100k, no matter how bad you want to believe they do. It's just the facts.
quote:
Don't have kids until you can afford them
They can afford them. They just can't afford both them and a home that has risen in price 3x in the last 2 years.
You've done well, congrats. But when it comes to understanding this shite, you're a total fricking retard so you should just bow out
Posted on 8/23/22 at 10:06 am to dgnx6
quote:
there are people with housing, running water, free internet who have zero fricking income. You dont find that in other places of the world. WTF are you people talking about?
Probably find that in most, if not all first world countries these days.
Posted on 8/23/22 at 10:07 am to Scruffy
quote:
You aren’t bringing home $100k.
Ok say you bring home $5500 per month. You can't live off of $3000 per month by yourself?
Posted on 8/23/22 at 10:07 am to NOSHAU
quote:
Sends a bad message.
Its just populism that's left the lower class and crept into the upper classes.
Right or left wing, populism is the shittiest of approaches. Its a race to the bottom.
I can't imagine successful people pushing 10k of student loan reduction. They don't need it.
This post was edited on 8/23/22 at 10:09 am
Posted on 8/23/22 at 10:09 am to dgnx6
Ah yes, the whole welfare argument.
My income level means I can't go on welfare, I'll just be stuck in renting perpetuity. I don't make OT money, but I make above the median salary and I still cant see myself being able to buy a house in the next 2-3 years if the market doesn't cool down.
Luckily my fiancée owns her home, and our income together will make life more comfortable for both of us.
My income level means I can't go on welfare, I'll just be stuck in renting perpetuity. I don't make OT money, but I make above the median salary and I still cant see myself being able to buy a house in the next 2-3 years if the market doesn't cool down.
Luckily my fiancée owns her home, and our income together will make life more comfortable for both of us.
Posted on 8/23/22 at 10:09 am to Yeti_Chaser
quote:
Ok say you bring home $5500 per month. You can't live off of $3000 per month by yourself?
Sure, don't expect to have a social life though.
Posted on 8/23/22 at 10:09 am to 50_Tiger
quote:
@zerohedge
*BIDEN PLANS WEDNESDAY STUDENT LOAN DEBT RELIEF ANNOUNCEMENT
Posted on 8/23/22 at 10:10 am to GreatLakesTiger24
quote:
*BIDEN PLANS WEDNESDAY STUDENT LOAN DEBT RELIEF ANNOUNCEMENT
Getting the configurator at Porsche fired up and ready
Posted on 8/23/22 at 10:11 am to Mingo Was His NameO
I've given yall plenty of reasons why it's possible. Yall choose to look at the many reasons why it's not possible. Both are true and it comes down to your personal decision making.
I chose to look for the ways it was possible and I did it with ease, as have many others. Unfortunately a lot of people don't look at life that way so I don't feel bad for them
I chose to look for the ways it was possible and I did it with ease, as have many others. Unfortunately a lot of people don't look at life that way so I don't feel bad for them
Posted on 8/23/22 at 10:11 am to Scruffy
quote:
Are you recommending everyone just go on welfare?
The argument is that people not on welfare are being priced out of the market.
Actually im saying people are complaining about not getting things they dont need and act like the rest of the world is so much better.
Earlier i was speaking about sweat equity. i watched a video of a young female clean up and redo a mobile home. of course the ot rich will scoff at that, but she has an affordable home with probably more yard than most you.
ive got a cheaper home on some land. its only two bedrooms, just needed to pressure wash the outside and paint the inside and redo the kitchen with shite i bought at lowes. dishwasher, sink base, lazy susan, reusing the perfectly good fridge that was manufactured in 97.
Or i could have spent 500k on something that was newer.
Posted on 8/23/22 at 10:12 am to Yeti_Chaser
quote:
I've given yall plenty of reasons why it's possible
They aren't looking for solutions, they just want to complain.
Capable people make a way, that requires effort which is why the kickback.
This post was edited on 8/23/22 at 10:13 am
Posted on 8/23/22 at 10:14 am to 50_Tiger
quote:
Sure, don't expect to have a social life though.
I never said it was easy to buy a $428k home without sacrifice. Yall were arguing that blue collar workers back in the day were able to easily afford homes. Did they have social lives? I don't know. Having everything at once is hard
Posted on 8/23/22 at 10:15 am to Bonkers119
quote:
Luckily my roommate owns her home, and our income together will make life more comfortable for both of us.
Yeah, you have what is called a roommate.
People sharing houses with people that arent their spouse into their 30s is because they dont have a spouse. people have put off marriage.
When my parents got married it was two incomes in their 20s. that is no diff than me and my friend renting a house together. its two incomes.
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