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The Student Loan “Controversy” in a nutshell
The Student Loan “Controversy” in a nutshell
By LowIQTrash
22 May 2024 6:38 pm in No Holds Barred Political Forum
22 May 2024 7:42 pm
*rippy38 » 22 May 2024, 7:39 pm » wrote: ↑ Its doing that here now, but with a lot tight restrictions than in the mid 2000's.
There are 1500 sq foot homes being bought sight unseen for $350K that are being torn down to build a new 3000+ sq foot two story in its place... that will end up on the market for $1.5 mil.
One of the rebuilds that went up last fall sold before Christmas for 1.8
This is literally happening in my neighborhood as I type, and its not hurting my feelings at all since our house is paid for.
Ridiculous. We rent. There is no way we will pay that. Not a chance in hell.
Blackvegatble's hypcorisy summed up in one post:
[/size]
Blackvegetable » 7 minutes ago » wrote: ↑7 minutes ago
Very simple questions...
From which you are running...
Blackvegetable » 7 minutes ago » wrote: ↑7 minutes ago
Very simple questions...
From which you are running...
22 May 2024 7:56 pm
We are tossing around the idea of doing our own "rebuild" instead of selling and letting someone flip it.Vegas » 22 May 2024, 7:42 pm » wrote: ↑ Ridiculous. We rent. There is no way we will pay that. Not a chance in hell.
We could put around $300K into our own home, have a nice and newer place, and increase the value three fold... at a minimum.
I told the wife we can live in a tiny home in the backyard for a year while the work is being done, and she is actually considering it. LOL
The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people
22 May 2024 8:02 pm
Bingo.crimsongulf » 22 May 2024, 7:27 pm » wrote: ↑ Even though it wasn't called it then, the 08-09 RE loan fiasco was the beginning of DEI.
All in the name of "fairness"...
The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people
22 May 2024 8:09 pm
When a plagiarizing, affirmative action lesbian is making $900,000.00 a year at Harvard, I'd say the problem is academia.....not your mythical Jewish boogey man.LowIQTrash » 22 May 2024, 6:38 pm » wrote: ↑
(The irony being Joe Biden caught a lot of flack for his half assed / gone nowhere loan forgiveness” program from libtards)
22 May 2024 8:14 pm
What's your rent payment?Vegas » 22 May 2024, 7:42 pm » wrote: ↑ Ridiculous. We rent. There is no way we will pay that. Not a chance in hell.
22 May 2024 8:17 pm
The banks always win.
Approve a bad loan, get that down payment....
all the while knowing you will likely repossess the home.
Prolly a rental now.
Wolves preying on sheep.
Odd how so many root for the wolves...
Approve a bad loan, get that down payment....
all the while knowing you will likely repossess the home.
Prolly a rental now.
Wolves preying on sheep.
Odd how so many root for the wolves...
22 May 2024 8:23 pm
Banks are instructed by government to make these marginal loans under the guise of equity and inclusiveness.Sumela » 22 May 2024, 8:17 pm » wrote: ↑ The banks always win.
Approve a bad loan, get that down payment....
all the while knowing you will likely repossess the home.
Prolly a rental now.
Wolves preying on sheep.
Odd how so many root for the wolves...
22 May 2024 8:25 pm
The borrower is ALWAYS slave to the lender.Sumela » 22 May 2024, 8:17 pm » wrote: ↑ The banks always win.
Approve a bad loan, get that down payment....
all the while knowing you will likely repossess the home.
Prolly a rental now.
Wolves preying on sheep.
Odd how so many root for the wolves...
The people that make money off of borrowed money already have the cash and don't need the loan to begin with, and quite often are the ones writing the very rules in the first place.
Diligence and perseverance are virtues.
The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people
22 May 2024 8:27 pm
Agreed....the banks and the govt serve the interest of each other.RebelGator » 22 May 2024, 8:23 pm » wrote: ↑ Banks are instructed by government to make these marginal loans under the guise of equity and inclusiveness.
Painting the banks as victims here is comedic.
22 May 2024 8:29 pm
Hmmm, I was under the impression there was a....SWAMP.*rippy38 » 22 May 2024, 8:25 pm » wrote: ↑ The borrower is ALWAYS slave to the lender.
The people that make money off of borrowed money already have the cash and don't need the loan to begin with, and quite often are the ones writing the very rules in the first place.
Diligence and perseverance are virtues.
22 May 2024 8:31 pm
There is... and most of them are not elected officials, yet the elected officials do their bidding.
I've known this since my late 20's.
The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people
22 May 2024 8:35 pm
Agreed...the banks, owners of DC, conducted a scheme to steal*rippy38 » 22 May 2024, 8:31 pm » wrote: ↑ There is... and most of them are not elected officials, yet the elected officials do their bidding.
I've known this since my late 20's.
billions from Americans in 2008. AND get bailouts as the cherry on top.
Ive known this since 2008.
22 May 2024 8:40 pm
Tell that to private equity. Saddle companies with debt, cash out, cut costs, and declare bankruptcy to wipe the debt clean.*rippy38 » 22 May 2024, 8:25 pm » wrote: ↑ The borrower is ALWAYS slave to the lender.
The people that make money off of borrowed money already have the cash and don't need the loan to begin with, and quite often are the ones writing the very rules in the first place.
Diligence and perseverance are virtues.
[Optional: Transfer or “sell” assets to another shell company so they don’t get repo’ed]
(Your mileage may vary)
22 May 2024 8:41 pm
My late 20's were in the 90's... LOLSumela » 22 May 2024, 8:35 pm » wrote: ↑ Agreed...the banks, owners of DC, conducted a scheme to steal
billions from Americans in 2008. AND get bailouts as the cherry on top.
Ive known this since 2008.
In 2008 I said let it crash and burn... It was necessary.
Of course no one listened to little ol' me.
The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people
22 May 2024 8:43 pm
And they still dined on cracked crab and Champaign and vacationed in the Mediterranean.LowIQTrash » 22 May 2024, 8:40 pm » wrote: ↑ Tell that to private equity. Saddle companies with debt, cash out, cut costs, and declare bankruptcy to wipe the debt clean.
[Optional: Transfer or “sell” assets to another shell company so they don’t get repo’ed]
(Your mileage may vary)
The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people
22 May 2024 8:46 pm
It will only crash and burn when the Elites can no longer fund all the grifts.*rippy38 » 22 May 2024, 8:41 pm » wrote: ↑ My late 20's were in the 90's... LOL
In 2008 I said let it crash and burn... It was necessary.
Of course no one listened to little ol' me.
Its like the missing 2 trillion at the Pentagon...LOL...its not "missing".
So many grifts...so little time.
22 May 2024 9:02 pm
All is good, Sir. I am still sort of retired but my little property company keeps me busy when I want to be busy.
22 May 2024 9:04 pm
That is the best place to be ever.crimsongulf » 22 May 2024, 9:02 pm » wrote: ↑ All is good, Sir. I am still sort of retired but my little property company keeps me busy when I want to be busy.
The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people
22 May 2024 9:14 pm
The elites will never not be able to afford the grifts.Sumela » 22 May 2024, 8:46 pm » wrote: ↑ It will only crash and burn when the Elites can no longer fund all the grifts.
Its like the missing 2 trillion at the Pentagon...LOL...its not "missing".
So many grifts...so little time.
That my friend, is the rub.
The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people
22 May 2024 9:17 pm
Sorry sir. ALL empires end. No exceptions. Ever.*rippy38 » 22 May 2024, 9:14 pm » wrote: ↑ The elites will never not be able to afford the grifts.
That my friend, is the rub.
Empire is ultimately what is at stake.
And empire always ultimately loses.
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