Student loans don’t happen by accident. Despite what Biden advertises, people have agency over which schools they attend and how much they borrow. |
+1000 Nobody is entitled to whatever education they want. You need to select a college that is affordable for you. They do exist for everyone. But don't take $150K in loans for any degree, but sure as hell not for some random degree where your avg salary is only $35K. If you are smart enough for college, you are smart enough to understand that is a dumb idea. Work and earn $40K (10/year) to pay for college, then find a school that you can afford with minimal debt. Or don't but then don't complain when your $150K becomes $240K because you cannot make even the minimum payments and interest keeps accruing. That is how loans work, don't take them if you don't understand that |
To you! Fixed that for ya! Different families operate different ways |
It's not a solution because not all young people's parents live in DC or equivalent job markets. Good lord. |
I’m 55 and literally just started making that much four months ago. Where are all these college grads making $100k working? |
Anyone remember that article many years ago, I think the title was, "If I was a poor black kid...."
Similar to what comes to mind here. |
I lived at home till 29. I grew up a 25 minute train ride to Manhattan. Did I save money?
Nope. But between 23 and 29 spent 100 weekend in the Hamptons and around 12 weeks of vacation time. Went on 20 ski trips, went on 7 spring breaks. Went on around 400 dates, went out to bars and clubs, 1,000 times, has a Jeep wrangler, and a muscle car. Also went to Final Four twice, Olympics. Football Games, concerts. I did not have apartment as would eat into my fin money. Plus I spend 70-100 nights sleeping elsewhere. You see me LA, Miami, Aspen, Hamptons, NYC. If anything I wish I spent more. Having a single person live home he will just spend more. |
Data of two, my 24 years old niece is an economics major ( Masters) and just got hired by Capital One at 110k. Also, my nephew is a Civil Engineer, making 120k in Baltimore at age 26. I think it’s not all that uncommon in DMV. |
There is no "housing crisis" only an entitlement mentality crisis. People seem to believe that they have a right to live wherever they want regardless of whether they can afford it. The world does not owe you anything and this mentality does nothing to help someone afford a house. The people that complain about housing affordability are the same people that pass numerous policies that actively worsen what they are complaining about, retroactive building performance/energy efficiency standards, costly building code updates, bond initiates for "affordably housing (which make housing less affordable by increasing property taxes). I don't want to hear from these people anymore. The only objective of density bros and the "housing crisis" crazies is to force everyone else to live in high density micro apartments. They are all front groups for developers and the real estate lobby and these industries will gladly destroy communities as long as it maximizes their profits |
That's because you screwed up and didn't save. |
Actually, I moved out at 29 as during one of my thousands of nights out was a passenger in a car crash and won a lawsuit. Put 25 percent down on a condo and bought a Mercedes. I actually ended up with same amount of money if saved every cent. No morale to the story. |
Single 20 somethings making 100K should not need to sacrifice for ten years to afford a place to live. |
Everyone should have free housing, food, healthcare, college tuition, childcare, because it is a human right. Where does this ridiculous entitlement end. I want a Malibu beach house and it should be free because housing is a human right. |
Hahaha, I don't care if you're J1 J2 troll, "no morale [sic] to the story" is a brilliant ending. |
Working hard HS-----> college ------> workforce over the span of 10-15 years and wanting to afford a home (even a "regular" non-Mansion home) is not an entitlement mentality. It is what the American Dream promises and has delivered pretty reliably until recent years. Now kids work hard, or harder, and will receive/see less of a payoff in terms of home, retirement, etc. than the generations before them. And that sucks to realize. They're angry and rightfully so. But it isn't "entitlement" so stop throwing that word around. |