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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 10:16 am to Yeti_Chaser
Posted on 8/23/22 at 10:16 am to Yeti_Chaser
quote:
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
So let me get this straight:
You want someone to go 5 years with zero social life to get a home in a proper area?
Oh boy...
1
Posted on 8/23/22 at 10:17 am to Yeti_Chaser
quote:
without sacrifice.
Thats the rub.
Posted on 8/23/22 at 10:20 am to 50_Tiger
quote:
You want someone to go 5 years with zero social life to get a home in a proper area?
Why can’t anyone have a social life? I’ve been broke my whole life and always had a social life
Posted on 8/23/22 at 10:21 am to Seen
quote:
I’ve been broke my whole life and always had a social life
Capable, intelligent people are never bored...
Posted on 8/23/22 at 10:22 am to RogerTheShrubber
best part about this is its income capped, which makes zero sense in the entire argument.
You either think student loans were done poorly and should be fixed, or you dont.
You either think student loans were done poorly and should be fixed, or you dont.
Posted on 8/23/22 at 10:23 am to Yeti_Chaser
quote:Because prices relative to income are insane.
Yall were arguing that blue collar workers back in the day were able to easily afford homes.
People make essentially the same amount in 2020 as they did in 2000, while home prices have skyrocketed.
I do extremely well monetarily. I also live in a very cheap area and have no children, which makes saving very beneficial and easy.
The housing market is depressing even for me.
I can only imagine how daunting it is for those who actually make average.
This post was edited on 8/23/22 at 10:30 am
Posted on 8/23/22 at 10:24 am to Yeti_Chaser
quote:
I've given yall plenty of reasons why it's possible.
There's a lot of shite that's possible that is in no way practical.
quote:
I chose to look for the ways it was possible and I did it with ease,
I wouldn't say working two jobs and overtime is with ease, which is the point but whatever.
Posted on 8/23/22 at 10:25 am to Mingo Was His NameO
quote:
that is in no way practical.
Bless your heart.
Posted on 8/23/22 at 10:26 am to Yeti_Chaser
quote:
I never said it was easy to buy a $428k home without sacrifice.
Just so we're clear. Work full time, work excessive overtime and take inordinate risk in the stock market?
Posted on 8/23/22 at 10:27 am to Mingo Was His NameO
quote:
There's a lot of shite that's possible that is in no way practical.
Just reject the contrarian takes on this subject and others related to it.
Most of these folks don't understand the other factors involved (esp if you are single), because they are either older than 40 or married the first woman they touched.
Posted on 8/23/22 at 10:27 am to Yeti_Chaser
quote:
I never said it was easy to buy a $428k home without sacrifice.
Dude, it's not that hard to understand. Homes shouldn't be $428k on average. How can you not get that through your thick skull?
quote:
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.
Homes were much more in line with household incomes, which at that point in time were usually single incomes. Again, not hard to understand.
quote:
Having everything at once is hard
Being able to purchase a home after 10 years in the workforce isn't having everything at once.
Posted on 8/23/22 at 10:29 am to Mingo Was His NameO
quote:I don’t understand how they can look at that graph I posted and think, “yea, that makes sense”.
Dude, it's not that hard to understand. Homes shouldn't be $428k on average. How can you not get that through your thick skull?
quote:The average age of first time homeowners has been increasing steadily and is now around 33 years.
Being able to purchase a home after 10 years in the workforce isn't having everything at once.
This post was edited on 8/23/22 at 10:31 am
Posted on 8/23/22 at 10:31 am to Scruffy
quote:
I don’t understand how they can look at that graph I posted and think, “yea, that makes sense”.
1. They probably didn't look at it because they've already made up their mind and how they feel is all that matters
2. If they did look at it, they probably don't understand it. I wouldn't be surprised if they couldn't explain what an X and Y axis is
Posted on 8/23/22 at 10:31 am to Scruffy
quote:
I don’t understand how they can look at that graph I posted and think, “yea, that makes sense”.
good time to hold 'em, changes in tax laws and the economy prior to this boom has diminished the advantages of home ownership quite a bit
Posted on 8/23/22 at 10:31 am to Scruffy
quote:
People make essentially the same amount in 2020 as they did in 2000, while home prices have skyrocketed.
Unless we've moved on from topic of this thread, what does this or anyone else's argument have to do with cancelling student loan debt? And what is the solution to home prices, I don't know what can even be done about that. I have a 26 y/o daughter (no pics) 19 y/o son and 16 y/o son and yes, I agree it's daunting. But it kind of is what it is, it's not the governments job to bail them out of student loan debt.
Posted on 8/23/22 at 10:33 am to GreatLakesTiger24
that’s a good point. fair enough. thanks for the insight.
Posted on 8/23/22 at 10:35 am to 50_Tiger
quote:
Most of these folks don't understand the other factors involved
Millennials and Boomers have so much in common that is' uncanny. Its like a redoux. The only real difference is boomers have been through 7-10 recessions, not 2.
They whined about being behind their parents in the 70's too, woe is me.
quote:
And we're living here in Allentown
But the restlessness was handed down
And it's getting very hard to stay
Well, we're waiting here in Allentown
For the Pennsylvania we never found
For the promises our teachers gave
If we worked hard, if we behaved
So the graduations hang on the wall
But they never really helped us at all
No, they never taught us what was real
Iron and coke, chromium steel
And we're waiting here in Allentown
But they've taken all the coal from the ground
And the union people crawled away
Every child had a pretty good shot
To get at least as far as their old man got
But something happened on the way to that place
They threw an American flag in our face
Billy Joel, echoing Millennial and Zoomer mentalities in the late 70's. Some things never change.
Posted on 8/23/22 at 10:39 am to Yeti_Chaser
quote:
No, but there are plenty of nice houses to be bought in the $280k range.
Posted on 8/23/22 at 10:39 am to Seen
quote:
it's not the governments job to bail them out of student loan debt.
Government played a large role in creating this problem to begin with
Posted on 8/23/22 at 10:42 am to fallguy_1978
quote:
Government played a large role in creating this problem to begin with
That doesn't make it right
Gov't played a massive role in Covid stimulus when they forced people out of work during shutdowns, still doesn't make it right. 
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