GPBear
The Tape Crusader
Just more evidence that American universities are nothing but a giant scam
Millenials Are A Trillion Dollars In Debt And Most Don't Even Own A Home
- Thread starter The M.I.C.
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- economics millenials ufukdup
Nope, and it all depends after the 2020 elections.
GPBear
The Tape Crusader
Hate to be the bearer of bad news, but shyts been ugly.Couple this with the subprime auto loan bubble that's also about to burst (don't learn your lesson from 2008 banking brehs
Flint hasn’t had water for better part of a decade; city schools getting closed at alarming rates; ongoing gentrification nationwide. Fact is, people have technological pacifiers, and don’t really give a fukk. 
I see and somewhat agree with your sentiments, but this isnt like the credit card, or housing debt crisis, where the ramifications were seen over time. All because we are feeling the effects as soon as that costly degree is in our hands .Bro the government are the people who are directly responsible for the hyperinflation of college tuition. They sat down and planned all this shyt out and were well aware this is what would happen and aren't about to do shyt to change it until they come up with a better finesse to keep the pyramid system in place. So unless there is large scale violence we just gonna have to eat these student loans until they come up with a more insidious way to maintain the pyramid
As this article points out, we are seeing the effects of student loan debt IMMEDIATELY in all sectors of GDP; Consumerism is down, car buying is down, healthcare is rising, but the ways to pay it off are down; home buying is down, travel is down. Dating, having a relationship, and then kids are on the decline.
Millennials are not spending money PERIOD, where as in that not being the case in any other crisis.
Something has got to give.
baby boomers gonna live another 20 years
the fukkery will hit the fan within the next decade
Scientific
Bacdafucup
That's assuming youre paying dollar for dollar on square footage in a rent or buy scenario. But renting is almost always cheaper in those cases. If you're renting, the extra savings can be invested & yield a higher return than wasting it away on PMI. What's the point of equity, if you're taking forever to break even?Personally, I think the PMI costs are worth it versus what you’d sinking in rent costs each month that earn you no equity
Theres no blanket approach, but FHAs are the worst thing you can ever do. They have their value in very specific situations, but no way would I ever recommend that unless you're absolutely out of options.
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baby boomers gonna live another 20 years
the fukkery will hit the fan within the next decade
shyts hitting now.
The markets are hijacked for the time being.. Once the truth that the average American is KO'd and the prospects of the US Government being able to keep it's obligations go dim..we're gonna look worse than Venezuela.
ohhhh its only the beginning of the beginning
Whole generation of mfers just trying to do the right thing, but the BabyBoomers have robbed this fukking country so blind with these Republicans in charge that they have strip mined shyt so badly that nikkas end up buried in debt just trying to obtain the education necessary to not live in squalor.
Meanwhile the old white Republican cacs tell the youth that they just aren't working hard enough, whine too much, are entitled, and to pull up their bootstraps. The wild part is its a shytload of cacs suffering too. This shyt due to population percentages is ruining more cacs than POC right now. The difference is, we know how to battle adversity a little better because we born fighting it. These new cacs don't know what to do with the world works against their interests constantly. That's why they on Opiods and killing themselves in record numbers.
Meanwhile the old white Republican cacs tell the youth that they just aren't working hard enough, whine too much, are entitled, and to pull up their bootstraps. The wild part is its a shytload of cacs suffering too. This shyt due to population percentages is ruining more cacs than POC right now. The difference is, we know how to battle adversity a little better because we born fighting it. These new cacs don't know what to do with the world works against their interests constantly. That's why they on Opiods and killing themselves in record numbers.
MurderToCassette
Sa Da Tay
This is the reason I chose to pursue a STEM degree. Pray for me brehs 
calixprynce
...
Are you talking about old nikkas or homeowners? How does it affect 18-25 yr olds? In 2008, I was a kid, idk
This is the reason I chose to pursue a STEM degree. Pray for me brehs
That aint gonna help. Even if you get a profession that pays six figures, you'll live in a society where the vast majority of people are broke. You don't want that to happen
Dawg, everybody here making 6 figs, with a 6 series, 6 certs, 6 bytches, 6feet, 6 bedroom crib, 6000 sq. Ft.
And no debt
And we in the hood too
#catchup
It may not be worth it to buy homes in some cases these days. This isn't the 70's and 80's where home value is pretty much guaranteed.
Today the increase in value may only be keeping with inflation.
Today the increase in value may only be keeping with inflation.
ShenJingPoQi
All Star
People are just blind and don’t want to accept the fact. The modern world was planned hundreds of years in advance, any major political, economic and social issues were preplanned by just few handful of groups and men. Nothing happens due to chance alone.I mean seriously tho. Do people think this shyt ain't planned and there can be a peaceful resolve?
Do people think that the people in charge of handing out the loans weren't aware of this being a possible outcome?
Western Millenials those born between 1980 and 1995 were nothing more than a giant social experiment by the elite. Everything they told that generation and the youth has been drastically wrong; even the basic nutritional advice has been devastating wrong. Avoid the sun, just lol.
Nothing other than a violent revolution will change the status quo. You cannot vote yourself out of this miss when the political are controlled by lobbyist.