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Please.. Please.. Please... do not take out any student loans to do it! I applaud you doing something to better yourself and wish you great success... but to be honest.. you've done nothing but complain here for ages about your student debt.
Not complaining about the debt...complaining about the monthlly payments on a poverty level income while others with twice my income have no payments.
Although I could complain about the debt, as I shouldn't have had to borrow in the first place.
Corporations make millions on the backs of the middle class. They sit back in their cushy office or on in their vacation homes without a care and could care less about their employees.
Oh, joy. Yet another liberal who has no clue whatsoever that the various retirement plans (public/private union pensions, 401Ks, etc.) hold over $27 trillion worth of investments.
Tens of millions of working middle class Americans depend on corporate profits to fund their retirement.
I've tried to try it, but money kept getting in the way.
I feel like I'm getting frammed (sic), I couldn't pay a little now, so I'm paying up the wazoo later.
NOW do you get what your landlord did? Invested HIS money.
BTW I believe (sic) is used when you quote someone who misspelled a word and you realize it's spelled wrong but it's not a quote if you change it. If you want to indicate that you don't know the spelling and are too lazy to look it up (which is fine by me because I just don't want to look up words sometimes too and do this), you use (sp?). Of course now I'm probably going to find out that I've been doing it wrong all these years....
Location: Just transplanted to FL from the N GA mountains
3,997 posts, read 4,145,129 times
Reputation: 2677
Quote:
Originally Posted by freemkt
Not complaining about the debt...complaining about the monthlly payments on a poverty level income while others with twice my income have no payments.
I hate to break it to you sweetie, but you've complained about it. About flipping burgers. About your landlord. About your bad credit. About your student debt. And I've seen you given some absolutely wonderful advice about how to cure what ails you. It's refreshing to see you being pro-active about changing the things that are not working. It shows growth. And that's what we all are working for.....
Which means he has a mortgage and is paying interest. The risk is all his. You need good credit to buy without a down payment and you still pay a higher interest rate for doing so. He could lose his shirt if the market tumbles again or he has rental units sitting empty for some reason or tenants damage the property or...or...or...
Do you even realize that if someone stops paying their rent today, it will take him a year to evict them? A year during which it's in his best interest to keep the heat on during the winter so the pipes don't freeze? And quite often when people are evicted they trash the place before they leave because they're mad at being kicked out. If one renter does this, he goes a year without collecting rent, still has to pay the mortgage and the the electric and heating bill (and likely the water if there are children present) and then has to repair the unit before he can rent it again. There goes his "money tree". He can attempt to sue and will win in court but winning and collecting are two different things.
I know of a rental house that may be condemned right now. The owner had to evict the tenants who left a few days before the scheduled eviction date without telling him only they plugged all the drains and left the water running. The basement was full of water when the landlord got in and the water had soaked into the wood in the and wicked up the wood which is now molding. They may not be able to salvage the house. He can sue them but he'll probably never collect. The property is insured for what it's worth but he can't rebuild. They'll tear it down and leave a vacant lot and he'll go buy another house to rent but he's lost a lot here. No rent for the entire eviction process and now no rent until he can clean this house up or it's condemned and he buys another one.
He is taking all the risk. That money tree could turn into a money pit over night. During the height of the foreclosures, almost every house that foreclosed near me was stripped of anything worth anything by the previous owners. Light fixtures, copper piping, conduit, copper wire, air conditioners, you name it was pulled and sold for scrap leaving the bank with a shell of a house that wasn't worth much. Renters can do the same leaving your investment worthless.
Last edited by Ivorytickler; 09-07-2014 at 11:23 AM..
NOW do you get what your landlord did? Invested HIS money.
BTW I believe (sic) is used when you quote someone who misspelled a word and you realize it's spelled wrong but it's not a quote if you change it. If you want to indicate that you don't know the spelling and are too lazy to look it up (which is fine by me because I just don't want to look up words sometimes too and do this), you use (sp?). Of course now I'm probably going to find out that I've been doing it wrong all these years....
I'll have to look it up but I think (sic) also covers this situation; I used it to indicate what I types should be taken as is and is not a typo or a misspelling, i.e. not 'framed'.
There is no resolution under current money madness.
Congress consistently debases the money system (inflation).
The problem about a "living wage" is that too many recipients are living off the worker, for his wages ever to be sufficient.
A worker in 1900, earning $1/day had more buying power, and far less taxes.
It's not the Congress' fault. It's the fault of the clueless people.
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