I don’t think marriage is a bad thing, but I don’t think people should pursue it for financial survival. I am married and do not regret it. Further, a roommate for certain periods of time are not a bad thing either. However it shouldn’t be a permanent solution. If someone works full time, they should be afforded an apartment or home and food and healthcare. I firmly believe that. We pay a massive cost in society when basics are lacking.
Again, we aren't headed towards armed revolution in America. Not even close. To suggest otherwise is to troll.
Let's not pretend people don't actually put effort in during their four years. I hate when people say "it's just a paper", ignoring the sleepless nights these students went through. Sure it is a status symbol for many especially the upper middle class suburbs where it is expected that every child in that community go to college or is seen as the black sheep. But at the same time at least with most credible curriculums you are getting a lot out of those 4 years of studying.
Once the debt is cancelled, it is cancelled. There is no conceivable way a new administration comes in and attempts to collect on debt previously forgiven... it would be politically suicide.
I agree. Would you agree, then, if you split the rent, and hustle for a while, you should be able to save up? Not saying it's easy, seeing as how I only did it for college. But it's quite doable.
Nook and I are saying that this wasn't the case before and this current rate of change in affordability in this country is continuing in the wrong direction. So if it's like this now, how is it going to be in 10 years? Even if you think these conditions are "fair" ask yourself if million of millennials would think it's fair if the previous generations didn't have to deal with their problems because the previous generations didn't and we can show this with actual data rather than anecdotes of "back in my day". It's not just the current condition that has people frustrated, it's the relative change and adding insult to injury a bunch of boomers denying these problems exist and saying millennials have it better.
Incorrect. Anything done via executive order can be undone via executive order. Also, I don't think cancelling student debt is as popular as you think.
Who is pretending anything like that? I have never in my life thought of it as just a paper and have never heard anybody say that. The upper middle class is the majority of college students.
It was only twice and the American dream is not thought of as a personal dream but a collective dream so its not about what you and I think. Home ownership by the individual or at least individual man is a strong component of that. Now you want to address that strawman?
Generation X has the highest amount of outstanding student loan debt. Millennials have less per borrower. A lot the people pushing for student loan debt relief are generation X, as it’s appeal isn’t limited to millennials. If you waited to pay off your student loans, before you bought a home; then you wasted a lot of money/equity. If you made so little that you couldn’t afford modest home ownership and pay your student loans, then the system is broken.
Nobody knows what it'll look like in 10 years. There's no perfect model for predicting markets or anything else. I think it's worth noting that housing markets are shifting quite a bit now. Interest rates are still very low, and financing options for housing are better than ever. So to be discussing this exactly in this moment is a bit ironic. I didn't think San Fran, LA, NYC, Seattle would have the mass exodus that they had. I think people migrating was exactly what we needed to shuffle the deck. I want to look maybe a year ahead, but not more than that. More planning than that requires very accurate predictions on rates which are harder to guarantee.
Student loan debt isn’t held by the top 1% of income earners. As for the 99% well here’s an article about the 90th percentile and the damage done to the economy and the shrinkage of our GDP because all of the wealth is concentrated with the 1% who do not trickle it down. https://www.google.com/amp/s/time.com/5888024/50-trillion-income-inequality-america/?amp=true
There are short term trends which you are referring to and long term trends over multiple decades. Yes home values will fluctuate year to year based on the market but there still is an overall trend we can see over the past 50 years. A lot of this has to do with the people in charge also happen to be homeowners and they are going to legislate in favor of any policies that eventually lead to increased property values. There's just an inherent bias there and honestly I don't know how you take out that conflict of interest.
Five or ten years ago I would agree with you. Now, it is an open question. We have riots in the street... people trying to blow up poll counters, people trying to kidnap the governor of Michigan... a President that purposely undermines democracy.... a country extremely divided and a well educated group of young Americans that have limited faith in The American Dream and are saddled by debt with limited financial growth options. That is a perfect recipe for something terrible to happen. Perhaps the problems are solved well enough and everything settles down... perhaps it continues down this path and we end up with a civil war or a fascist government or a socialist government.
In some cases yes it is smart and doable. I don’t think it is a bad idea for a few guys to share an apartment. Many people start with minimum wage make more with time. However too many don’t. It can be from a lack of opportunities, criminal convictions, learning disabilities or other reasons. I just believe if someone works 40-50 hours a week they should have their basic necessities met. It discourages crime and exploitation as well.
