Posted on 11/17/2014 11:28:21 AM PST by SeekAndFind
Perhaps it's the appalling sense of entitlement, coupled with an utter misunderstanding of how the world works, on top of a complete lack of work ethic, added to a fundamental ignorance of our politicial and electoral system, with a big dash of mindless consumerism, plus......
You might think so but I paid cash for so long I had no credit score. Considered buying a house, applied at bank, no go. She said I didn't have a bad credit score, I didn't have a good credit score - I had no credit score.
Back in the day when I did borrow money, we used a small local bank that didn't report to a credit agency (that was only about 10-15 years ago).
Point is I was able to buy a car on time (with a co-signor) so you do want to borrow money every once in awhile just to keep a credit score.
“I thought only the illegals here who pick cabbage on the farms make less”
No, people who get paid tips or commissions also can be paid less.
This one might not be all that bad — when families are living together that no knock raid on the wrong address down the street makes what if they'd gotten our house?
hit with much more force.
Home ownership is still the best avenue to financial security. The problem back in the 2000's was too many people thought that home ownership was a SHORTCUT to financial security. They took out short-sighted loans (interest-only, variable interest rates, etc.) loans and leveraged themselves to the hilt thinking that they could turn around in a few years and make a killing by selling.
The way to security via home ownership is by buying a home you can afford, borrowing using conventional terms and holding onto the home for a long time (decades, not just years). Over time the fixed payments become less and less of a challenge to manage due to rising incomes (due to our increasing work experience and plain old inflation). There may be dramatic downturns on property values, but over time, they always increase.
The first several years of home ownership are always tough. The payments are at their highest (relative to one's earning power) and there are repairs and modifications that need to be made usually when one first goes into a used home. During these years we all sacrifice, which means fewer meals out... we can't be first in line to buy the latest most expensive gadget/car... those things will come in time when our payments (relative to our earnings) diminish.
Obama easily won the youth vote nationally, 67 percent to 30 percent, with young voters proving the decisive difference in Florida, Virginia, Pennsylvania and Ohio, according to an analysis by the Center for Research and Information on Civic Learning and Engagement at Tufts University. Obama won at least 61 percent of the youth vote in four of those states, and if Romney had achieved a 50-50 split, he could have flipped those states to his column, the study said.
Read more: http://www.politico.com/news/stories/1112/83510.html#ixzz3JMH5mVqp
Wait until the ObamasCare opt out penalties hit them courtesy of the friendly IRSS.
Hit enter too soon:
Elections have consequences right, millennials? We warned them as loudly as possible. They chose not to listen.
Reap, sow and all that.
I get that. It’s why these people don’t own homes. There was a correction.
BTW, I thought buying in the Seattle area was lunacy. But I bought my farm in central KY. It depends on the location.
Well, perhaps they will start paying attention to sho they vote for.
The argument that was never made about “redistribution of wealth” is WHO’S money will be redistributed. Those who don’t pay attention to politics and the out-and-out leftists always assumes it’ll be someone else.
They’re shocked, SHOCKED, to find it’s their wealth that’s redistributed and that the effect of redistributing wealth ruins society.
I think they do expect more than my age group did. We built our house but it was just 4 rooms (Liv, bed, kitchen, bath) until we could afford to build on. Now they get these really high dollar houses so are in debt forever.
Also our couch was given to us, our end table was a piece of countertop on a box, our friends all had spools for coffee tables. I had no car and rode to work with a friend (no public trans around here). Nowadays kids think they must have everything their parents had when they are just starting out.
And it wasn't terribly long ago I had these humble beginnings, back in the 80's.
"We...they...."
Who's "we"?
The correction shouldn't have had any impact whatsoever on most homeowners. It only affected those who had a need to sell shortly after the correction. Those who bought homes as LONG TERM investments weren't affected at all, since the correction didn't raise their monthly payments (in fact, in many cases it actually helped reduce property taxes).
Yes, people who were set to sell and downsize because they were ready to retire, or had to sell to relocate due to work were affected... but those who just bought recently and were expecting to quickly make a buck were the main group who were hurt.
It’s the Kool-Aid aftertaste... they don’t like it.
“Consumer debt is voluntary.”
True, but it makes slavery more appealing as time goes on.
These suckers will be so easy to line up for the suicide booths
when they hit 75.
Just wait till they get the tax bill. They will consider the unpaid mortgage as income.
Nobody told them to get a studies degree or vote for the muzzi in the white hut.They did both,Scream louder kids,I cant hear you.
Well, it affected a LOT of home buyers. And it affected me. I rented because prices were stupid. And I owned for 20 years before I started renting. I saved a TON of money, but not as much as a relative in Seattle who bought their home in 2007, has not made a payment since 2008 and STILL lives there.
;-)
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