Effect of Student Debt on the Economy Stupid
Comments
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Young people can be wisePitchfork51 said:Honestly student debt isn't that big of a deal.
Most poeple with a ton of debt and stupid degrees are somewhat hot girls.
They get some dude to pay for them eventually.
If you're a guy with that then you are an idiot. -
They go to an art or fashion institute and pay over 50k per year in tuition for a worthless degree in an over saturated industry where you make less than $50k out the gate. I've known dudes that we're paying of their GF's or Wife's 6 figure student loans and the chicks weren't even attractive. Such a bad decision.Pitchfork51 said:Honestly student debt isn't that big of a deal.
Most poeple with a ton of debt and stupid degrees are somewhat hot girls.
They get some dude to pay for them eventually.
If you're a guy with that then you are an idiot. -
RaceBannon said:
I'm thinking they are made for guys. My wife doesn't watch eitherPurpleThrobber said:
If Michael Rappaport can watch the Real Housewives, I can watch my real estate shows.Swaye said:
I feel like I don't even know you anymore throbber.PurpleThrobber said:
Google video search "Bethenny Frankel nude" and get back to me on that.Swaye said:
You sound super duper gay here.PurpleThrobber said:creepycoug said:
I admit it. I've watched this show a time or two. The two dudes in the middle are gigantic douches. The guy on the far right is too delicate to hate.RaceBannon said:
You need to contact BRAVO televisionpawz said:
I actually *live* the million dollar listing shows IRL .RaceBannon said:
They go around the country. As has been stated here before, if you live where no one wants to live you can get a 3500 sf pool house for 250KYellowSnow said:
They should make a spin off about "easy" house hunting. So many of us have PTSD about overpaying for shitty little houses built during the Coolidge administration.RaceBannon said:
Fuck off2001400ex said:
House hunters is so real life. Lemme guess, they make $45k a year each and can afford a $3.2 million vacation home in Costa Rica.RaceBannon said:On House Hunters last night a couple of Asian doctors were buying their first house and wondered if they should buy for themselves or get a income property to pay off student roans.
They got the house for themselves. CSB
House Hunters is must see TV
In Seattle or other coastal areas you will get that "charming" 900 sf craftsman for 600K with lots of opportunity to "put your own stamp on it"
I prefer the million dollar listing shows to the poor people stuck in Kansas City
The NYC version is ok. Fredrik is a gaytastic fag.
There’s a new show with Frederik and Bethenny Frankel that’s not bad. I so want to motorboat her fake titties.
Frederik’s not so much.
I admit -these Bravo/E! real estate shows are my achilles heel. There's one called Real Estate Wars that has fantastic fake boobies and semi-gay/narcisstic bros that shows great promise.
Yes, craves it, yes, no, armpit only
Mrs. Throbber hates them, too.
The irony of these shows is that the majority of people who do really well in residential real estate - are women.
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So you don't need brass balls to sell real estate?pawz said:RaceBannon said:
I'm thinking they are made for guys. My wife doesn't watch eitherPurpleThrobber said:
If Michael Rappaport can watch the Real Housewives, I can watch my real estate shows.Swaye said:
I feel like I don't even know you anymore throbber.PurpleThrobber said:
Google video search "Bethenny Frankel nude" and get back to me on that.Swaye said:
You sound super duper gay here.PurpleThrobber said:creepycoug said:
I admit it. I've watched this show a time or two. The two dudes in the middle are gigantic douches. The guy on the far right is too delicate to hate.RaceBannon said:
You need to contact BRAVO televisionpawz said:
I actually *live* the million dollar listing shows IRL .RaceBannon said:
They go around the country. As has been stated here before, if you live where no one wants to live you can get a 3500 sf pool house for 250KYellowSnow said:
They should make a spin off about "easy" house hunting. So many of us have PTSD about overpaying for shitty little houses built during the Coolidge administration.RaceBannon said:
Fuck off2001400ex said:
House hunters is so real life. Lemme guess, they make $45k a year each and can afford a $3.2 million vacation home in Costa Rica.RaceBannon said:On House Hunters last night a couple of Asian doctors were buying their first house and wondered if they should buy for themselves or get a income property to pay off student roans.
They got the house for themselves. CSB
House Hunters is must see TV
In Seattle or other coastal areas you will get that "charming" 900 sf craftsman for 600K with lots of opportunity to "put your own stamp on it"
I prefer the million dollar listing shows to the poor people stuck in Kansas City
The NYC version is ok. Fredrik is a gaytastic fag.
There’s a new show with Frederik and Bethenny Frankel that’s not bad. I so want to motorboat her fake titties.
Frederik’s not so much.
I admit -these Bravo/E! real estate shows are my achilles heel. There's one called Real Estate Wars that has fantastic fake boobies and semi-gay/narcisstic bros that shows great promise.
Yes, craves it, yes, no, armpit only
Mrs. Throbber hates them, too.
The irony of these shows is that the majority of people who do really well in residential real estate - are women. -
Why are we pretending like student loans are the main issue here?
Go back to 2000. What was the median income for your profession? I bet it isn't terribly more today than it was then.
How much did a vehicle cost new? As an example I drive a 2005 Dodge 2500 Laramie quad cab with a 5.9L Cummins. Brand new it was $33k. Today that same truck runs about $70k. What does this new truck do over mine? Well the engine life in the 6.7L is half of the 5.9L because of Bronco's pollution bullshit on the engine and it has 60 more pounds of torque and much worse fuel mileage.
My bass boat is an 04 Triton TR-21X with a 250 Optimax. Brand new it was $31k because it was the Bassmaster Classic model with every whistle on the planet. Today that same boat is $79k. The only difference is the new Opti Pro XS has carbon fiber reeds which break more often and cost four times more to replace, the boat is one inch wider, and you get a cool organizer in the front bin.
In 1997 I bought a Fender Strat Plus for $650 new. Today that same equivalent is $2k.
This same grotesque upcharge holds true for college. Financing and insurance are why things are preposterously expensive. That new $79k bass boat is $450 a month, which people can afford, for 20 fucking years!!!
That $70k truck is $800 a month for an eternity.
Insurance ties it all together. If your ass made $50k a year and your truck cost $70k with no insurance there is zero chance the masses would buy them.
Previously people were house poor, which isn't terrible because there are really no bad long term real estate ventures. Today people are just poor and it's 100% their own fault. I'm 34 and have zero debt of any kind and I don't really make that much money. I just don't throw it away on nonsense, which is rare. -
YBEMosster47 said:Why are we pretending like student loans are the main issue here?
Go back to 2000. What was the median income for your profession? I bet it isn't terribly more today than it was then.
How much did a vehicle cost new? As an example I drive a 2005 Dodge 2500 Laramie quad cab with a 5.9L Cummins. Brand new it was $33k. Today that same truck runs about $70k. What does this new truck do over mine? Well the engine life in the 6.7L is half of the 5.9L because of Bronco's pollution bullshit on the engine and it has 60 more pounds of torque and much worse fuel mileage.
My bass boat is an 04 Triton TR-21X with a 250 Optimax. Brand new it was $31k because it was the Bassmaster Classic model with every whistle on the planet. Today that same boat is $79k. The only difference is the new Opti Pro XS has carbon fiber reeds which break more often and cost four times more to replace, the boat is one inch wider, and you get a cool organizer in the front bin.
In 1997 I bought a Fender Strat Plus for $650 new. Today that same equivalent is $2k.
This same grotesque upcharge holds true for college. Financing and insurance are why things are preposterously expensive. That new $79k bass boat is $450 a month, which people can afford, for 20 fucking years!!!
That $70k truck is $800 a month for an eternity.
Insurance ties it all together. If your ass made $50k a year and your truck cost $70k with no insurance there is zero chance the masses would buy them.
Previously people were house poor, which isn't terrible because there are really no bad long term real estate ventures. Today people are just poor and it's 100% their own fault. I'm 34 and have zero debt of any kind and I don't really make that much money. I just don't throw it away on nonsense, which is rare. -
True.RaceBannon said:
Young people can be wisePitchfork51 said:Honestly student debt isn't that big of a deal.
Most poeple with a ton of debt and stupid degrees are somewhat hot girls.
They get some dude to pay for them eventually.
If you're a guy with that then you are an idiot.
When they turn 40.
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Wisdom has nothing to do with it.PurpleThrobber said:
True.RaceBannon said:
Young people can be wisePitchfork51 said:Honestly student debt isn't that big of a deal.
Most poeple with a ton of debt and stupid degrees are somewhat hot girls.
They get some dude to pay for them eventually.
If you're a guy with that then you are an idiot.
When they turn 40.
If you are a consumer that buys new today you're poor. An education, a modest home, a kid, and two Kia's means you are poor for the most part. If you are throwing 10% into your IRA like a responsible person you're paycheck to paycheck long term.
Prices of life items increased 200-300% in the last fifteen years and I'm guessing, but I would say wages might have increased 50%. It's probably closer to 35% though. -
Have no idea if you're numbers are perfect, but the point is valid. I bought a brand new, fully loaded (every single option you could get) GMC Z-71 half ton in 1995. Cost me 24,000 out the door (TTL) with the dealer even throwing in a bed mounted gooseneck to seal the deal.Mosster47 said:
Wisdom has nothing to do with it.PurpleThrobber said:
True.RaceBannon said:
Young people can be wisePitchfork51 said:Honestly student debt isn't that big of a deal.
Most poeple with a ton of debt and stupid degrees are somewhat hot girls.
They get some dude to pay for them eventually.
If you're a guy with that then you are an idiot.
When they turn 40.
If you are a consumer that buys new today you're poor. An education, a modest home, a kid, and two Kia's means you are poor for the most part. If you are throwing 10% into your IRA like a responsible person you're paycheck to paycheck long term.
Prices of life items increased 200-300% in the last fifteen years and I'm guessing, but I would say wages might have increased 50%. It's probably closer to 35% though.
Went into a Ford dealership a couple years ago to look at a fully loaded with everything half ton. 62K. Probably could have walked out of the dealership with it (TTL and haggling) for 60K.
I didn't buy it. Price has more than doubled in 20 years, while I bet average wages have gone up less than 40 percent. It's fucking absurd. Electronics and laptops have gotten cheaper, everything else - houses, education, vehicles, milk and bread has doubled since the mid to late 90's, and wages haven't even come close to keeping up. Everyone talks about the lack of skilled worker jobs is what has killed the middle class...but I think prices have contributed at least as much, if not more. But what do I know. I'll just get drunk and think about it some more. -
Thanks, Obama.Swaye said:
Have no idea if you're numbers are perfect, but the point is valid. I bought a brand new, fully loaded (every single option you could get) GMC Z-71 half ton in 1995. Cost me 24,000 out the door (TTL) with the dealer even throwing in a bed mounted gooseneck to seal the deal.Mosster47 said:
Wisdom has nothing to do with it.PurpleThrobber said:
True.RaceBannon said:
Young people can be wisePitchfork51 said:Honestly student debt isn't that big of a deal.
Most poeple with a ton of debt and stupid degrees are somewhat hot girls.
They get some dude to pay for them eventually.
If you're a guy with that then you are an idiot.
When they turn 40.
If you are a consumer that buys new today you're poor. An education, a modest home, a kid, and two Kia's means you are poor for the most part. If you are throwing 10% into your IRA like a responsible person you're paycheck to paycheck long term.
Prices of life items increased 200-300% in the last fifteen years and I'm guessing, but I would say wages might have increased 50%. It's probably closer to 35% though.
Went into a Ford dealership a couple years ago to look at a fully loaded with everything half ton. 62K. Probably could have walked out of the dealership with it (TTL and haggling) for 60K.
I didn't buy it. Price has more than doubled in 20 years, while I bet average wages have gone up less than 40 percent. It's fucking absurd. Electronics and laptops have gotten cheaper, everything else - houses, education, vehicles, milk and bread has doubled since the mid to late 90's, and wages haven't even come close to keeping up. Everyone talks about the lack of skilled worker jobs is what has killed the middle class...but I think prices have contributed at least as much, if not more. But what do I know. I'll just get drunk and think about it some more.
Vehicle pricing skyrocketed after the cash for clunkers program. Inventory on used vehicles is tightening. New car manufacturers know they can squeeze consumers balls and have jacked up prices on new cars.
But the rest of what you say in your morning drunken state is true. Wages for the workers have not kept pace. REVOLUCION!
