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Message
William shatner vs millenial regarding housing costs
Posted on 11/10/19 at 9:55 am
Posted on 11/10/19 at 9:55 am
quote:
William Shatner
@WilliamShatner
Ok math whiz: a $85k 30 year mortgage with 12% interest in 1985 actual total cost was $315k. A $315k 30 yr mortgage today at 3.8% is $525k total. $315,000 in 1985 is equivalent in purchasing power to about $751,664.36 in 2019. So it’s cheaper today to buy a median price home
LINK
Read his twitter. He’s actually making some decent points. Don’t agree with him on all of it.
This post was edited on 11/10/19 at 9:59 am
11
Posted on 11/10/19 at 9:56 am to HailHailtoMichigan!
achtung, baby!
Posted on 11/10/19 at 9:57 am to HailHailtoMichigan!
Housing prices were lower
Money was more expensive
Money was more expensive
Posted on 11/10/19 at 9:57 am to HailHailtoMichigan!
Nb4okboomer
Posted on 11/10/19 at 9:59 am to HailHailtoMichigan!
Kirk needs to check income levels as well and his math seems off.
Posted on 11/10/19 at 10:01 am to HailHailtoMichigan!
One of the comments:
Millenials...
quote:
Sure that’s the issue. I was raised here, but why not leave everything I know and all of my friends and family to live all alone with no emotional support system several states away. Why are people so clueless? How about just pay people a decent wage for Christ’s sake?
Millenials...
Posted on 11/10/19 at 10:02 am to HailHailtoMichigan!
ok boomer
Posted on 11/10/19 at 10:05 am to stout
Posted on 11/10/19 at 10:08 am to stout
quote:
Sure that’s the issue. I was raised here, but why not leave everything I know and all of my friends and family to live all alone with no emotional support system several states away. Why are people so clueless? How about just pay people a decent wage for Christ’s sake?
Thank the Lord past generations didn’t have this same weak mentality or the map of the US would still look like this....
Posted on 11/10/19 at 10:09 am to stout
quote:
One of the comments:
quote:
Sure that’s the issue. I was raised here, but why not leave everything I know and all of my friends and family to live all alone with no emotional support system several states away. Why are people so clueless? How about just pay people a decent wage for Christ’s sake?
Ho. Leee. frick.
Posted on 11/10/19 at 10:09 am to HailHailtoMichigan!
Did people actually take out 30 year loans at 12% interest?
Would need to look at the actual financing numbers to make a true comparison. This seemed like a mash of 2019 trends with 1980s average figures, which doesn't make a compelling or clear argument imo
Would need to look at the actual financing numbers to make a true comparison. This seemed like a mash of 2019 trends with 1980s average figures, which doesn't make a compelling or clear argument imo
Posted on 11/10/19 at 10:10 am to stout
quote:
with no emotional support system
Goddamned snowflakes.
Posted on 11/10/19 at 10:19 am to Sneaky__Sally
Go back and check the interest rates when the great Jimmy Carter was President. Some people were paying 18%.
Posted on 11/10/19 at 10:21 am to Darth_Vader
You guys take one or two idiots on twitter and project on the entire population. I am a millennial, moved 1,200 miles away, and do dangerous shite.
Posted on 11/10/19 at 10:29 am to Jcorye1
quote:
and do dangerous shite.
You swim less than 30 minutes after eating?
Posted on 11/10/19 at 10:31 am to Sneaky__Sally
quote:
Did people actually take out 30 year loans at 12% interest?
High interest was the norm.
This cheap money is a relatively new thing. shite, rates got up toward 18% at one point.
People didn't use credit cards or loans like they do today.
This post was edited on 11/10/19 at 10:51 am
Posted on 11/10/19 at 10:32 am to stout
Scruffy stands by his statement in the other thread that the millennial generation is the most emotionally and mentally weak generation.
Yes, we had a rough time, but damn, our generation is fricking weak.
Yes, we had a rough time, but damn, our generation is fricking weak.
Posted on 11/10/19 at 10:42 am to stout
quote:
You swim less than 30 minutes after eating?
Heh, you caught me.
Posted on 11/10/19 at 10:49 am to Scruffy
quote:
Scruffy stands by his statement in the other thread that the millennial generation is the most emotionally and mentally weak generation.
You would be almost correct too, but I would suggest visiting Ft. Sill and seeing how many BCT recruits are in the mental health clinic and are on crutches and wheelchairs.
Posted on 11/10/19 at 10:53 am to Sneaky__Sally
quote:
Did people actually take out 30 year loans at 12% interest?
Yes. Co-worker told me his rate was close to 18% for his first house. Said it was brutal. On the flip-side, my fathers employer had a profit-share program, and the account manager, cold-sweating, committed a chunk of the fund to long-term AAA bonds paying 15+%, much to his relief, interest rates, interest rates started dropping off six months later and they made out like bandits.
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