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Just proves you don't read posts. If you actually go back through the thread and read my comments you'll see what I'm talking about.
But when they make more money so do we. You want indicators of a growing, prosperous society? Start with the homebuilders. Any economist will tell you that. If they’re doing well, everybody else is too.
Of course homebuilders and realtors are going to love it. Realtors make money on transaction fees and homebuilders are out the minute the house is purchased. What do they care who holds the debt?
per your article we are talking about 1/5 of people carrying student loans are being denied. thats not really groundbreaking or hardly some epidemic
Exactly. And I like stimulus programs. I think they work. Not all of the time, but this one’s a pretty good bet.
It’s a pretty big number in the scheme of things. The profit margin for home building is pretty low. If you build 100 houses you need to sell all 100 to make a profit. You sell 99 you’re breaking even or losing money.
Why do you keep throwing out insults and snarky comments? Do you think it makes your arguments stronger? It doesn’t.
Based on my social media landscape -- sample size is pathetic here -- the dominant argument is "I paid off my loans like a responsible adult, so why should we give handouts to those that didn't?" My Twitter feed is overloaded with rebuttals to this argument that are completely valid on an intellectual level, but they don't really alter the fact that lots of people have a deeply visceral reaction to this kind of thing.
Joe asked about housing and vehicle debt being eliminated in bankruptcy. You replied that it could. It can’t. (Besides a few unusual exceptions.)
I don’t understand. The money needs to be raised or borrowed. Unless maybe you think the forgiveness would pay for itself through economic stimulation?
Exactly.
I don't necessarily disagree and give props for offering ideas. Do you really think we need to be stimulated to build more houses?
Thanks. And to be clear, it's better when we just steer clear of words like moronic altogether. Thanks.
No offense but you do this to me every time I try to join one of your "real discussions". It's tiresome watching you on the see saw back and forth.
If only 1/5 of potential buyers with student loans are getting denied you feel like this is needed stimulus? Wasn’t the argument that with a market this strong now isn’t the time for stimulus or tax cuts?
Just saw this. Are you suggesting that the government go in debt to pay all the debt owed by any American citizen or business?
But it wouldn’t magically disappear. The government (I assume) would have to assume the debt and pay the creditors. That’s the part that makes it not wonderful.
Trade associations with members who stand to make a ton of money from this policy support it? That doesn’t strike me as odd.
We should let non-college graduates pay the expenses of college graduates because we need to free up the graduates to spend more money, faster. Because, you know, they are smarter and better. That’s just a fact of life.
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Apologies...that's correct. You just walk away from those and take a hit on your credit. The lending companies can sue you and get a judgment but I don't think they are allowed to do direct withdrawl from your pay, right?
Yeah....I don't know of any bankruptcy process she's introduced. She's said loan forgiveness which is completely different. I might be ok with that as a one time thing, but they'd need something like bankruptcy after that reset or else we'd be right back where we're at in just a few short years. And I didn't mean to make it sound like it was "easy". That wasn't my intention.
You say this like it's a done deal fact that it's student loans. These are multivariate problems. The media just parrot these memes until one believes they are true. While student loans have some effect and are part of the equation, the data shows that millennials are tracking the same ownership rate about 8% delayed from previous generations. They are also delaying marriage and kids substantially over previous gens. And current affordability ratings and supply are low in many areas.timschochet said:
If we did that we should reprice the risk on student loans and have rates track what would be charged for non-recourse personal loans. Because without the bankruptcy protections this is exactly what these are. The taxpayer should not bear the brunt of this risk.
No different than well meaning liberals arguing vociferously that 3% down payments for guaranteed home loans was well within the norm and that if you took that football away it would unduly hurt poor people. Boy they got that right, didn't they.
Narrator: "And, ladies and gentlemen, this is how the great real estate bubble of 2022 grew so big and popped."
These same institutions were the ones that refused to admit there was a real estate bubble until about 18 months after it blew. Seriously, Tim. Distorting markets like this is not a good idea.
Substantiate this. In Joe-like fashion, let's just say that I strongly submit this number is horse manure. If you're gonna spout it, defend it.
The artificial housing boom of the 2000s was pushed by liberals and conservatives alike. Liberals loved it because it made poor Democrat voters thankful; conservatives loved it because it made homebuilders and investors rich.
Actually better than it's been for some time. I stopped being mad about stuff that happened a long time ago because it served no purpose and just let it go.
I liked your reference to Keynes earlier (it was right before I went the gym, so I never gave my opinion). And I think Warren probably has proposed the best policies of any candidate. However, she falls flat here.
its funny that you admonish people for disagreeing with things but in other threads ie fraternity hazing you are the exact same. you go ballistic over something without knowing the facts or having any clue of how to fix the issues.
As the former, long-time Controller for a small, Catholic school (where I'm now full-time accounting faculty), I can verify this. When we knew Pell Grants and state grants were going up 4-5%, we'd increase our tuition about the same. In effect, we knew students receiving aid wouldn't be much worse off since they were getting more aid to cover the higher tuition cost. When Pell Grants stabilized, we ended up keeping tuition increases to a lower rate, knowing that the increase would have to be absorbed by the students and their families.
I think a college degree should be basically free. I don't think people should rack up multiple of them
At first I didn’t like this plan.....but I’m starting to warm up to it. It would be a sequel to the movie “Old School”, I like it....that’s genius.
