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he thinks his financial failure in life is because he has to pay rent .
others pay rent , and do very nicely .
his problem isn't the rent is to high . the problem is his income is to low and he never did anything about it . it is always one excuse after another and it is always someone else's fault he is stuck earning kiddie wages .
so instead of raising the bridge his life is about lowering the water , lowering living standards, lowering building standards and reducing zoning requirements and rewarding failure with some form of property ownership
Yeah and thats not going to happen. And whining about it on some random forum certainly isn't going to help.
Makes me feel much better about all the decision in my life as I can ser what I might have ended up as.
Everyone deserves a second chance. Heard that before? We apply it to most phases of Western life. We don't apply it however to credit scores. Once you made a mistake, you will spend the rest of your life digging out of that hole. My mistakes came at age 18-21 I am still fighting it many years later.
but you do get a 2nd chance . it just may take a while again to prove your self so your score goes up . once you screw up you have to demonstrate you have both an ability to pay and a willingness to pay over a long period of time not just a year or so .
you are asking people to trust you with their money or possessions after already demonstrating you are a poor risk . because most people do not change , how they are with their finances is who they are as a person you have to prove them wrong about you and that takes time .
Rent serfs without discretionary income often find an unsustainable proportion of their income consumed by shelter. 11 million Americans spend at least half their income on shelter - they probably have negligible discretionary income. When you have negligible discretionary income, you don't have the opportunity to pursue instant gratification even if you wanted.
You appear to be entirely out of touch with the lifestyles of burger flippers and SSI recipients.
An inherent problem with renting - one of them, at least - is that, unlike owning, your monthly payments not only never end, they go up and up and up over time. That alone does in many renters, when their income doesn't keep up with ever-rising rent. I believe most rent serfs have done the math and they KNOW they are getting screwed, but serfdom entails the inability to escape your, er, lord, and the best you can hope for is a takeover by a more benevolent (less greedy?) lord.
Next time you think about spending a half hour typing the same message again and again, spend your time listening to this instead.
No one forces you to go out and rack up debt. Many people do it because it is so easy and spending money feels good but no one forces you to do it.
So while people are slaves to their debt it is from their own doing. No one held a gun to your head to buy that 35k car when a 17k one would of done just fine. No one forced you to go buy 5k at Rooms2Go and pay for it over 60 months plus the big screen tv and new iphones all with payment plans. No one forced you to buy a house or rape your equity, plenty of people do just fine renting for not that much more cost.
If you're a victim, it is due to your own actions.
It will be difficult to do so when the President himself perpetrates a scam that he wants all Americans to own homes and lures everyone in it.
but you do get a 2nd chance . it just may take a while again to prove your self so your score goes up . once you screw up you have to demonstrate you have both an ability to pay and a willingness to pay over a long period of time not just a year or so .
you are asking people to trust you with their money or possessions after already demonstrating you are a poor risk . because most people do not change , how they are with their finances is who they are as a person you have to prove them wrong about you and that takes time .
No you dont because your already branded as "bad credit score" period. Isnt it amazing how i paid my last car payment one day late due to bank error posting it and it cause my score to drop 5 points. I never been late for past 4 years on this car and have a 15 year on time payment history on my report. All them closed and paid in full.. But still.. one mistake your instantly branded and takes another 10 years to get those points back i lost. The credit system should be same both ways. Should rise just as fast it falls.. not instantly fall then spend rest of your adult life getting it back.. the FICO system is a joke and needs some seriously fixing.
More than one thing can be true...and so many here seem to think it all comes down to "personal responsibility" as opposed to "I got cancer" or "interest rates were near zero and professional marketers with millions in advertising money talked me into it"....
But all that aside, there is little doubt that the government created "free money" which has gone on for a decade or more. This was done because the alternative was the complete disintegration of our economy....and maybe even country. So the decision was made to put the heavy thumb of government onto the DEBT side of the scale. Meantime, a person who "played by the rules" and saved up a million dollars over 40 years of work went into the band to buy a CD or a treasury and found they were unable to make ANY decent return.
So, debt was rewarded. Whether one believes it or not, human are like other smart animals that quickly understand the "reward" game. If, on one hand, they scrimped and saved and came up with a million, they were unable to make squat on it. On the other hand, if they kept refinancing their already low 6% mortgage...to 5, 4 and then 3.5%, they made REAL money. Not only that, they could deduct the mortgage interest, whereas that "saver" who owns his house doesn't get that break.
Our entire economy and tax system is set up to reward debt.
Anyway, what the Fed did worked to a large degree. They saved us from complete ruin. But at the same time they threw millions of baby boomers and other "savers" under the bus in favor of those who borrowed and spent more.
We can say, as individuals, that we are frugal. But the USA prays at the altar of GDP and Capitalism. If people were as frugal as some here say they are, the country would simply fall apart.
That's given the current economic policy and system.
It's plain silly to act as if the Fed policy has nothing to do with debt and GDP growth, etc. - if interest rates were "real" I should be able to lend out money for mortgages at 10% or so (I did this in the 1980's and even 1990's)...but how can I compete with free money?
NONE of the interest rates we are seeing are "real" - except perhaps the payday loans and cc balance charges. The rest of it is fake so that the government doesn't have to take another couple decades to even out the housing bubble.
More than one thing can be true...and so many here seem to think it all comes down to "personal responsibility" as opposed to "I got cancer" or "interest rates were near zero and professional marketers with millions in advertising money talked me into it"....
But all that aside, there is little doubt that the government created "free money" which has gone on for a decade or more. This was done because the alternative was the complete disintegration of our economy....and maybe even country. So the decision was made to put the heavy thumb of government onto the DEBT side of the scale. Meantime, a person who "played by the rules" and saved up a million dollars over 40 years of work went into the band to buy a CD or a treasury and found they were unable to make ANY decent return.
So, debt was rewarded. Whether one believes it or not, human are like other smart animals that quickly understand the "reward" game. If, on one hand, they scrimped and saved and came up with a million, they were unable to make squat on it. On the other hand, if they kept refinancing their already low 6% mortgage...to 5, 4 and then 3.5%, they made REAL money. Not only that, they could deduct the mortgage interest, whereas that "saver" who owns his house doesn't get that break.
Our entire economy and tax system is set up to reward debt.
Anyway, what the Fed did worked to a large degree. They saved us from complete ruin. But at the same time they threw millions of baby boomers and other "savers" under the bus in favor of those who borrowed and spent more.
We can say, as individuals, that we are frugal. But the USA prays at the altar of GDP and Capitalism. If people were as frugal as some here say they are, the country would simply fall apart.
That's given the current economic policy and system.
It's plain silly to act as if the Fed policy has nothing to do with debt and GDP growth, etc. - if interest rates were "real" I should be able to lend out money for mortgages at 10% or so (I did this in the 1980's and even 1990's)...but how can I compete with free money?
NONE of the interest rates we are seeing are "real" - except perhaps the payday loans and cc balance charges. The rest of it is fake so that the government doesn't have to take another couple decades to even out the housing bubble.
YES!!.. the entire system is happy that we are in debt. If we didnt have debt, they be broke and no money be floating around. Funny how those that have more give less, and those that have less give more..
But our nation thrives on debt, thus keeping us in "slavery" till that debt is paid off..
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