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re: Quiet Quitting? Well that a new term.
Posted on 8/21/22 at 10:46 am to JudgeHolden
Posted on 8/21/22 at 10:46 am to JudgeHolden
quote:
And I LOVE my job.
Gross
2
Posted on 8/21/22 at 10:48 am to Scruffy
I’ll try to run the numbers, but I think amortization and inflation adjustment will make that a lot closer than you think.
The weird part is that the inflation adjustment includes the education cost inflation, I think. So that’s going to be a complex computation.
The weird part is that the inflation adjustment includes the education cost inflation, I think. So that’s going to be a complex computation.
Posted on 8/21/22 at 10:48 am to Scruffy
quote:
You keep posting these numbers as if they really mean anything in relation to the situation.
Much like the 18% APR you posted about for housing, I would gladly take a higher interest rate with a lower total.
18% if the housing market was about 1/3 the cost of what it is now? Hell yea! Sign me up.
Understanding total cost of ownership for a mortgage for example really isn't hard, but he's incapable of doing so.
Not to mention savings and lending rates were much more equitable then. It's very likely we could have 8% mortgage interest rates by the end of the year but savings rates, especially on cash accounts, are lagging way behind.
quote:
I’ll try to run the numbers, but I think amortization and inflation adjustment will make that a lot closer than you think.
You can think whatever you want, but we know the answer and have for years.
This post was edited on 8/21/22 at 10:49 am
Posted on 8/21/22 at 10:48 am to Scruffy
quote:
I would gladly take a higher interest rate with a lower total
Would you buy right now at 16% interest if the price of homes were half of what they are now, and no guarantee of changing soon? Your note would still be higher.
Posted on 8/21/22 at 10:49 am to JudgeHolden
quote:
To me, this is one of the fairest gripes they’ve got. But strangely, they don’t blame the schools that suckered them into borrowing huge sums for a less-than-valuable degree.
I’ve got to get something off my chest. I was partially trolling you earlier. I’m in one of the younger generations. Just wanted to get you to come around a bit.
Posted on 8/21/22 at 10:49 am to Mingo Was His NameO
quote:
quote:And I LOVE my job.
quote:
Gross
Sorry you feel that way.
That sucks.
Posted on 8/21/22 at 10:51 am to LSUBadger
quote:
It seems like a lot of student loans could be avoided by joining the National Guard. The boomers took full advantage of the GI Bill to pay for college. Kids whose parents never sniffed college suddenly made it through and wanted their kids to do the same. Hence the increase in people pursue four year degrees
In the 80’s I knew a hell of a lot of people who were in the NG during college to pay tuition, board etc.
Not everybody is going to join; but there is a viable path to get a solid degree without running up any debt. One that the Boomers did by the millions. The tuition inflation doesn’t seem to impact what the military will pay
You don't think it's absurd that an 18 year old kid has to fight in a war to afford college in 2022?
Posted on 8/21/22 at 10:53 am to RogerTheShrubber
quote:
Would you buy right now at 16% interest if the price of homes were half of what they are now, and no guarantee of changing soon?
No because cost of ownership would be higher. But rates are still rising so that may not be true for much longer. Unless prices fall a shite ton, the 16% will be a better deal pretty quickly.
quote:
Your note would still be higher.
Ahh, you're one of the ones that only cares about the note. Pretty simplistic way to think about it for someone with an economics degree like yourself
Posted on 8/21/22 at 10:54 am to SaintsTiger
quote:
SaintsTiger
It’s all good.
I genuinely see both sides. The generation after mine on average got a raw deal compared to mine on average.
It was easier. Employers are squeezing employees more if they can. The world is crueler and more difficult (on average!).
I don’t feel like it’s my fault. I didn’t run a goddamn thing when it trended that way.
I also think that there are better avenues for the new generation finding itself in this (admittedly inferior) position. I think I would have responded differently. But who knows?
This post was edited on 8/21/22 at 10:55 am
Posted on 8/21/22 at 10:56 am to LSUBadger
quote:
The Boomer did
Great point. We should just go Vietnam 2.0 so student loans will be fixed
Posted on 8/21/22 at 10:57 am to LSUBadger
quote:
The Boomer did
You didn't answer the question
Posted on 8/21/22 at 10:58 am to RogerTheShrubber
quote:Why did you drop interest only 2% while cutting housing prices in half?
Would you buy right now at 16% interest if the price of homes were half of what they are now, and no guarantee of changing soon?
Since the 1980s, median home prices have gone up a few hundred percent, close to 400%.
Median was $47k in 1980.
It was $200k in 2017.
It is ~$300k in 2022.
Posted on 8/21/22 at 10:59 am to JudgeHolden
I’m off to take my Geritol.
I genuinely wish you all good luck and joy. It is a tough old world.
I genuinely wish you all good luck and joy. It is a tough old world.
Posted on 8/21/22 at 10:59 am to JudgeHolden
quote:This doesn’t even come close, by the way.
inflation adjustment
shite, if it was just at the rate of inflation, this thread wouldn’t even exist.
This post was edited on 8/21/22 at 11:01 am
Posted on 8/21/22 at 11:01 am to Mingo Was His NameO
quote:
Ahh, you're one of the ones that only cares about the note
Yet again, Mingo can't read no comprehend.
I care about resale, note, down payment, interest rate. If you want the market flat, just keep interest high.
People buy less at higher interest rates for a reason. The only real benefit is a stronger dollar.
Posted on 8/21/22 at 11:01 am to Mingo Was His NameO
Are you going to have to go off to war? Probably not.
I get it. You want to bitch about affordability and what a bad hand some have been dealt. I was just pointing out that there was a draft until the mid 70’s and whether we were in a shooting war or not, most men had to enlist. The plus was tuition paid for and future health care via the VA.
That opportunity still exists and it has adjusted for inflation.
I get it. You want to bitch about affordability and what a bad hand some have been dealt. I was just pointing out that there was a draft until the mid 70’s and whether we were in a shooting war or not, most men had to enlist. The plus was tuition paid for and future health care via the VA.
That opportunity still exists and it has adjusted for inflation.
Posted on 8/21/22 at 11:03 am to LSUBadger
quote:
. I was just pointing out that there was a draft until the mid 70’s
You are under the impression that the Selective Service is no longer in effect?
quote:
whether we were in a shooting war or not, most men had to enlist
That's not true
Posted on 8/21/22 at 11:04 am to RogerTheShrubber
quote:
Yet again, Mingo can't read no comprehend.
I care about resale, note, down payment, interest rate
Why didn't you just say so then?
quote:
Would you buy right now at 16% interest if the price of homes were half of what they are now, and no guarantee of changing soon? Your note would still be higher.
Posted on 8/21/22 at 11:09 am to Scruffy
quote:
Why did you drop interest only 2% while cutting housing prices in half?
Typo, should have been 18%.
Drop the house by 75%, youre still paying a shitload of interest that you're not going to recoup.
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