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re: This 23-yr old has $11K in student debt, but still lives comfortably on $50K salary in NYC
Posted on 11/16/21 at 6:18 am to Y.A. Tittle
Posted on 11/16/21 at 6:18 am to Y.A. Tittle
a couple years ago there was a (serious) article about how some dude paid off like 200k in student loan debt, but his parents bought him a 400k house and a car or something. there are a lot of social media posts like that too.
Posted on 11/16/21 at 6:19 am to Y.A. Tittle
quote:
What’s it satarizing?
t helps when satire has some kind of noticeable humor involved. I just don't find this humorous - at all.
Posted on 11/16/21 at 6:28 am to stendulkar
Please tell me the kid at least paid the $11k in debt off with that $500k gift.
If not, it just proves how worthless an Art History degree is.
If not, it just proves how worthless an Art History degree is.
Posted on 11/16/21 at 6:36 am to stendulkar
I'm not sure if Jim is a great negotiator or if his dad is a terrible negotiator.
Hey Dad, I'll pay my $11,000 in student debt and you buy me a $4,000,000 condo and start my savings with $500,000.
Hey Dad, I'll pay my $11,000 in student debt and you buy me a $4,000,000 condo and start my savings with $500,000.
Posted on 11/16/21 at 6:40 am to boosiebadazz
quote:
Jealousy is a weak emotion.
I agree but this comment coming from a democrat supporter is...... interesting
Posted on 11/16/21 at 6:51 am to stendulkar
If he got a $500K gift then he doesn’t have a student loan to pay anymore.
Posted on 11/16/21 at 6:56 am to civiltiger07
quote:
Hey Dad, I'll pay my $11,000 in student debt and you buy me a $4,000,000 condo and start my savings with $500,000.
I doubt Dad is a dummy. He probably wanted to buy a condo as an investment property anyway, and is letting his kid live there rent free.
Buy yeah, it's not much of a story. Dad is clearly still funding everything. Maybe that's the point of the story? To point out the absurdity of the situation.
Posted on 11/16/21 at 7:21 am to ned nederlander
quote:we don’t know what he looks like though… he could be so short and unmanly that a billion dollars won’t help him
The father didn’t gift the son a NYC condo and $500,000. He gifted his son a limitless supply of pu$$y. And NYC may have the highest concentration of quality stuff on the planet.
This post was edited on 11/16/21 at 7:24 am
Posted on 11/16/21 at 7:23 am to stendulkar
Lololololololol
What a ridiculous article
What a ridiculous article
Posted on 11/16/21 at 7:24 am to stendulkar
quote:
This 23-yr old has $11K in student debt, but still lives comfortably on $50K salary in NYC
Posted on 11/16/21 at 7:28 am to cable
I’m sure his dad pays that too
Posted on 11/16/21 at 7:31 am to geauxjuice
Agree it’s to sale the idiot millennials their dream that they can work in a coffee shop, go to college to learn to color and then vote Democrat the rest of their lives. Nothing more nothing less.
Posted on 11/16/21 at 7:37 am to stendulkar
quote:
This 23-yr old has $11K in student debt, but still lives comfortably on $50K salary in NYC
No he doesn’t. He lives comfortably on a one time gift of 500k plus a paid for 4 million dollar condo, supplemented by a 50k salary.
Posted on 11/16/21 at 7:41 am to stendulkar
This is one of those sarcastic fake articles
Posted on 11/16/21 at 7:46 am to civiltiger07
quote:
Hey Dad, I'll pay my $11,000 in student debt and you buy me a $4,000,000 condo and start my savings with $500,000.
And I'll bet this kid is proud of himself.
Posted on 11/16/21 at 8:09 am to cable
quote:
I hope the dad is paying gift taxes on all this - otherwise son just put him in a bit of a bind with the IRS.
He is still under the lifetime limit of gifting so none are due. With that said, someone with that much money most definitely has the proper vehicles in place to avoid most gift/estate taxes.
Posted on 11/16/21 at 9:00 am to geauxjuice
quote:
ive seen this article format a lot recently.
Fomenting class jealousy. All part of the Socialism 101 play book.
Posted on 11/16/21 at 9:03 am to RogerTheShrubber
quote:
Hey Dad, I'll pay my $11,000 in student debt and you buy me a $4,000,000 condo and start my savings with $500,000.
And I'll bet this kid is proud of himself.
yep, not sure why this is a story, spoiled rich kid living the spoiled rich kid life
Posted on 11/16/21 at 9:13 am to The Boat
quote:
Why does he have any debt if he was given $500k
I'd assume because the $500K is generating far more than the interest rate on the $11K student debt is. Why pay off free money?
Posted on 11/16/21 at 9:15 am to Cymry Teigr
quote:
I'd assume because the $500K is generating far more than the interest rate on the $11K student debt is
not if it's in a bank account
now if his old man at Goldman Sachs is managing his money.... 
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