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Business, Economics, and Taxes: Capitalism. Yay? >=(

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MissThundercat said:
I have been told my credit is good enough across all three credit agencies to buy a house. The lender I spoke with said I either need to pay down my student loans or add my partner's income.
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:-/

it's complicated. And unfair. My brother went through something similar when he got out of med school. Couldn't buy a house even with his wife's income because his debt was so high. He ended up having to work out a deal with my dad.
 
In hilarious business news, noted ghoul Stephen Miller is going after Mars candy, complaining that their DE&I program, in fact, violates people's civil rights.


Ok then.
 
dxmnkd316 said:
I've come so far in 20 years.
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It feels amazing to finally break through and accomplish something like this financially doesn't it? Extra special now that we know how much the deck has been stacked against us and with all the stuff we've had to re-learn as adults as we realize how the world actually works.
 
Due to many things out of my control back in 2003 I had a credit rating in the lower 500s. I have been above 750 the last 7 years or so and it took a LOT of work! My debt still sucks (grad school!) but I havent missed a payment on anything, not by a day, in over 20 years. When we bought the house she had a perfect score so she got us a rate so low it is kind of insane and when we refinanced to get a line of credit they needed me to sign on and our rate barely went up! I patted myself on the back that day! (and our new kitchen is amazing and the value of the house went up significantly and our neighborhood is pretty much crash proof!)

Nice work buddy!
 
Mine has been in 820s or 830s for years and I wonder if it goes up now that I have grad school loans I’m paying. I don’t carry cc balances nor a car payment so my mortgage and grad loans are it
 
Swansong said:
In hilarious business news, noted ghoul Stephen Miller is going after Mars candy, complaining that their DE&I program, in fact, violates people's civil rights.


Ok then.
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Two days ago, a coworker of mine actually said the only unprotected class was straight white men. I just didn’t start in on it.
 
Regarding credit ratings, once you’re around 800, it does very little for you to try for a higher score.
 
St. Clown said:
Two days ago, a coworker of mine actually said the only unprotected class was straight white men. I just didn’t start in on it.
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In 1984 I heard a conservative student say this in a Constitutional Law class as a joke. It is amazing how far they have come.

BTW, this is only the second stupidest thing I ever heard in academia. I heard my wife's dissertation advisor say, completely serious, "intellectual labor is the most exhausting form of work." This was a woman who grew up LGBT in poverty in Montana in the 1950s spending endless pre-dawn frozen hours manually repairing barbed wire.

To this day, Dr. Mrs. is amazed I controlled myself and did not laugh in her face. Even as a 30-something academic I knew how inane that was.
 
RaceBoarder said:
It feels amazing to finally break through and accomplish something like this financially doesn't it? Extra special now that we know how much the deck has been stacked against us and with all the stuff we've had to re-learn as adults as we realize how the world actually works.
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I meant about 20 years ago I got my first car loan for 8% give or take. ;-)
 
Insane https://www.boston.com/news/real-es...-emerging-housing-markets/?p1=hp_featurestack

I have a close friend from college who grew up in Nash and his family lives in a solid 80’s style neighborhood where up until a few years ago you could get a place for under $500k and they are now close to a million. Younger folks have very little chance of getting one where they can’t pay cash like older folks can.

Kids who grow up in families that don’t have money are completely screwed. I know kids from money have always had the upper hand but it’s hard to even get in the middle class now without a lot of support.
 
Drew S. said:
Insane https://www.boston.com/news/real-es...-emerging-housing-markets/?p1=hp_featurestack

I have a close friend from college who grew up in Nash and his family lives in a solid 80’s style neighborhood where up until a few years ago you could get a place for under $500k and they are now close to a million. Younger folks have very little chance of getting one where they can’t pay cash like older folks can.

Kids who grow up in families that don’t have money are completely screwed. I know kids from money have always had the upper hand but it’s hard to even get in the middle class now without a lot of support.
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Gosh, if only there were some way that we could all get together as a society and decide that it’s not in the interest of the general welfare for housing to be so unaffordable and, oh, I don’t know, maybe start taxing rich people and corporations so they don’t have so much free cash flooding the market and driving up prices. If only.
 
LynahFan said:
Gosh, if only there were some way that we could all get together as a society and decide that it’s not in the interest of the general welfare for housing to be so unaffordable and, oh, I don’t know, maybe start taxing rich people and corporations so they don’t have so much free cash flooding the market and driving up prices. If only.
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It’s probably different in other parts of the county but in this area it’s strictly a supply issue and there aren’t any great ways to fix it. Obviously you could build a lot more apartments and that would give more people
a roof over their heads but it’s a third rail politically in most towns. Most people want to buy a single family house and there just isn’t the land to build more. You see a lot of places where a 1500 sq ft split level gets torn down for a 6000 sq ft eyesore.
 
Drew S. said:
It’s probably different in other parts of the county but in this area it’s strictly a supply issue and there aren’t any great ways to fix it. Obviously you could build a lot more apartments and that would give more people
a roof over their heads but it’s a third rail politically in most towns. Most people want to buy a single family house and there just isn’t the land to build more. You see a lot of places where a 1500 sq ft split level gets torn down for a 6000 sq ft eyesore.
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Again, rich people perpetuating their greed at the expense of the rest of us.

But you keep voting Republican. That'll fix things.
 
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