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Started By
Message
2
Posted on 1/21/21 at 8:30 am to Tshiz
quote:
What about the reprieve of people who own houses or apartments and are not going to get rent for a year?
bEiNg A lAnDlOrD iSnT a ReAl JoB
Posted on 1/21/21 at 8:30 am to The Spleen
quote:
In most areas, the economy has been back open for several months now
Can you show me where this is?
Posted on 1/21/21 at 8:32 am to GetCocky11
quote:
I'm enjoying the principal-only payments on my student loans right now. I hope he extends it again.
What is the motivation to pay it at all? Pay everything else first that has higher interest rates.
Posted on 1/21/21 at 8:32 am to Centinel
quote:
hope Biden just erases all debt.
That's what's best for this country right now.
Does that include credit card debt? Cause I’m gonna go buy some tires for my truck if it does.
And where does all that debt go when Uncle
Joe “erases” it?
Posted on 1/21/21 at 8:33 am to goofball
quote:
Yeah the foreclosure rate will basically remain steady until April, then skyrocket.
This will be very interesting.
I don't know the numbers here, but I doubt Boise will see much of an upswing. People are hurting here like anywhere else, but I don't think it's nearly as pronounced. Add on people from out of state buying properties with straight cash, I will be interested to see our foreclosure rate.
Posted on 1/21/21 at 8:33 am to LSU316
quote:
It's gonna be funny when all these people that pay interest on their student loans see the interest that they paid that normally translates into a tax credit of $2500 go down to about $200 since they only paid interest in two months of 2020.
It probably doesn't amount to much for many on the OT...BUT I guarantee there will be people bitching about it when they compare it to their tax return for 2019.
ETA That could effect a person's tax owed/refund by $600+ depending on what tax bracket you are in.
off to Navient
Posted on 1/21/21 at 8:33 am to FlyinTiger93
Hell, you could invest the money you are paying on principal into the stock market and make more than the interest rate on a student loan.
Posted on 1/21/21 at 8:34 am to The Spleen
quote:
the economy has been back open for several months now.
I'm not seeing 70000+ in the stands for NFL playoff games.
Cruises are still not embarking from the US.
Businesses are still working 100% remote in many, if not most, cases.
Open air concerts and festivals are still being cancelled.
Indoor concerts are extremely limited.
Bars and restaurants are extremely limited.
Add all this up and to me that doesn't equal an open economy.
ETA non-essential business travel is still in the shitter
Major conventions are still shut down/remote
ETA2 NOLA cancelled Mardi Gras the whole season....it's biggest money making season of the year by a lot.....but yeah the economy is open
This post was edited on 1/21/21 at 8:39 am
Posted on 1/21/21 at 8:34 am to tigerinthebueche
quote:
And where does all that debt go when Uncle
Joe “erases” it?
To the rich.
Posted on 1/21/21 at 8:36 am to Centinel
quote:
I hope Biden just erases all debt.
That's what's best for this country right now.
Wipe out all debt with the stroke of a pen.
Nobody no longer has a mortgage, car note, credit card debt, student loan debt, medical debt... nothing. Nada. Just a clean slate for everyone. One time deal. If you run it back up, it's on you. Unless, of course, they need to buy votes. Then they can do it again.
THEN... give everyone about $50-60 thousand as basic income. Every year.
Sound like a plan, no?
Posted on 1/21/21 at 8:37 am to FlyinTiger93
quote:
What is the motivation to pay it at all? Pay everything else first that has higher interest rates.
I'm not paying a lot towards them right now, but it is a debt that I would like to get rid of eventually.
But hey, I did read that Biden wants to forgive like $10,000, so you obviously have a valid point.
Posted on 1/21/21 at 8:37 am to The Spleen
quote:
What do you mean by this? In most areas, the economy has been back open for several months now. Demand just isn't back for a variety of reasons.
It's not back open until people start physically going back to work, dining at restaurants (with no restrictions on capacity), etc.
An indicator that things are going back to normal would be public transit ridership returning to January 2020 levels. It's off by 80+%.
Posted on 1/21/21 at 8:39 am to SSpaniel
quote:
Wipe out all debt with the stroke of a pen.
Nobody no longer has a mortgage, car note, credit card debt, student loan debt, medical debt... nothing. Nada. Just a clean slate for everyone. One time deal. If you run it back up, it's on you.
Then we're Venezuela
Posted on 1/21/21 at 8:39 am to goofball
Yeah this is going to be a disaster lol
Posted on 1/21/21 at 8:40 am to SSpaniel
quote:
Wipe out all debt with the stroke of a pen.
Nobody no longer has a mortgage, car note, credit card debt, student loan debt, medical debt... nothing. Nada. Just a clean slate for everyone. One time deal. If you run it back up, it's on you. Unless, of course, they need to buy votes. Then they can do it again.
THEN... give everyone about $50-60 thousand as basic income. Every year.
Sound like a plan, no?
What could go wrong?
Posted on 1/21/21 at 8:40 am to stout
i would just like a heads up before they kill all debt
i want to "buy" a few houses first
i want to "buy" a few houses first
Posted on 1/21/21 at 8:40 am to SSpaniel
quote:
THEN... give everyone about $50-60 thousand as basic income. Every year.
Only that much? Why do you not care about the people you racist bigot?
Posted on 1/21/21 at 8:42 am to GetCocky11
quote:
I'm not paying a lot towards them right now, but it is a debt that I would like to get rid of eventually.
But hey, I did read that Biden wants to forgive like $10,000, so you obviously have a valid point.
Right, but I would bet you once September rolls around, they'll just extend the pause on student loans until the end of the year.
What are we doing? Just shite or get off the pot.
Posted on 1/21/21 at 8:44 am to SlowFlowPro
/r/loveforlandlords is in shambles
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