Affordability discussion (split from Iran thread)

[LouderVol]

I don't think VA loans carry any break on interest rates in my experience they simply let you buy without a down payment and no PMI.

There are apparently more than just the "veteran affairs" loans. I never found out the details because I am not one, but apparently there were ways to make it work thru some veteran programs that were not available to me as a citizen.

 

[YankeeVol]

I don't think VA loans carry any break on interest rates in my experience they simply let you buy without a down payment and no PMI.

I was able to use points to lower my rate if I wanted.

 

[Volnanza]

As AI rolls out, the shoe may be on the other foot this time. People with vocational skills are at a premium.

Yikes! This is going to be quiet a shock.

Fears of an AI job massacre grow as Meta plots to axe staff

Whispers that Meta founder Mark Zuckerberg could pull the trigger on axing one in five staff could become reality as they pour billions into artificial intelligence.

www.dailymail.co.uk

 

[85SugarVol]

Yikes! This is going to be quiet a shock.

Fears of an AI job massacre grow as Meta plots to axe staff

Whispers that Meta founder Mark Zuckerberg could pull the trigger on axing one in five staff could become reality as they pour billions into artificial intelligence.

www.dailymail.co.uk

I blame the Boomers

 

[LouderVol]

Here is yet another study talking about what it actually costs to live these days.

A typical U.S. family needs annual income of $145,000 to thrive, study finds. About half fall short.

Many Americans feel like they live in a "hamster wheel economy," said one expert who studies economic security.

www.cbsnews.com

145k for a family with kids to be financially secured, as described as being able to pay all their bills without government assistance.

95k without kids, meaning 50k for kids. more than 1.

Yall can pretend like its still the time where you could get a loan off of a handshake and you walked up hill 20 miles both ways on your way to work everyday and you thought you were lucky.

That is simply not reality. There are not enough low cost areas to live in to make things affordable for most.

 

[LouderVol]

Even if you halved those costs because you lived in a cheap area and were paying 90s costs, 70k+ is still out of reach for a lot of people.

 

[McDad]

Yall can pretend like its still the time where you could get a loan off of a handshake...

I haven't seen posters making this claim. Speaking for myself, I acknowledge it is more challenging today than 10 years ago. Where I draw my line is calling the situation a crisis.

Want to hear something extremely dire? It easier for you than it will be in 20 years for your kids (assuming current political irresponsibility continues).

 

[Orangeburst]

I haven't seen posters making this claim. Speaking for myself, I acknowledge it is more challenging today than 10 years ago. Where I draw my line is calling the situation a crisis.

Want to hear something extremely dire? It easier for you than it will be in 20 years for your kids (assuming current political irresponsibility continues).

The ocean is running out of shrimp?

 

[McDad]

The ocean is running out of shrimp?

The jerk store called. They're running out of YOU.

 

[LouderVol]

I haven't seen posters making this claim. Speaking for myself, I acknowledge it is more challenging today than 10 years ago. Where I draw my line is calling the situation a crisis.

Want to hear something extremely dire? It easier for you than it will be in 20 years for your kids (assuming current political irresponsibility continues).

oh I know. Its one of the reasons I want to end the current system of SS and reform it to actually work for people. its one of the reasons I want to see debt spending curtailed. its one of the reasons without even really trying for a kid I have money set aside for them. its one of the reasons I want to see the education reworked to actually teach reality instead of teaching tests.

 

[85SugarVol]

Here is yet another study talking about what it actually costs to live these days.

A typical U.S. family needs annual income of $145,000 to thrive, study finds. About half fall short.

Many Americans feel like they live in a "hamster wheel economy," said one expert who studies economic security.

www.cbsnews.com

145k for a family with kids to be financially secured, as described as being able to pay all their bills without government assistance.

95k without kids, meaning 50k for kids. more than 1.

Yall can pretend like its still the time where you could get a loan off of a handshake and you walked up hill 20 miles both ways on your way to work everyday and you thought you were lucky.

That is simply not reality. There are not enough low cost areas to live in to make things affordable for most.

No one has said that. It’s nothing more than a strawman you keep raising to attack.

But by all means, keep coming in here whining and bitching with your woe is me tantrum - I’m sure those rain clouds are gonna clear any time now.

 

[LouderVol]

No one has said that. It’s nothing more than a strawman you keep raising to attack.

But by all means, keep coming in here whining and bitching with your woe is me tantrum - I’m sure those rain clouds are gonna clear any time now.

I made it thru. I did everything I was supposed to, and I was lucky that it worked out for me. There are plenty of my peers who made similar decisions and weren't as lucky.

just because there are survivors from a disaster, or those not impacted by it, doesn't mean its less of a disaster.

 

[85SugarVol]

I made it thru. I did everything I was supposed to, and I was lucky that it worked out for me. There are plenty of my peers who made similar decisions and weren't as lucky.

just because there are survivors from a disaster, or those not impacted by it, doesn't mean its less of a disaster.

We moved from crisis to disaster.

I guess the only thing left is the “existential threat” classification, on par with Covid and Man-Made Climate Change.

 

[LouderVol]

We moved from crisis to disaster.

I guess the only thing left is the “existential threat” classification, on par with Covid and Man-Made Climate Change.

wow man, you are too caught up in arguing you are missing a clear analogy.

just because myself, others of my generation, came out of the financial reality ok, doesn't make it less of a "crisis". Earlier I even went and explained how the "crisis" expanded beyond the dollars and inflation and went to the education side of it too. to me a crisis isn't just some threshold of a bad situation, but how prepared one is, and what is your individual situation is going into it.

no one has given a definition of what "crisis" actually means in a financial macro-personal economic level. For me I simply don't know of a threshold which is why I provided more of the explanation to my belief. McDad on your side came the closest when he defined it as "something meeting the definition of a crisis". literally the best description yall have given is using the word to define itself. No one on your side will even come up with some order of how you would phrase things, and keep dismissing it.

you guys won't even sit down to have an honest conversation about there being a problem, and are playing semantic games rather than engaging. you and your anecdotes and reality, and aren't probable for a large chunk of the population

 

[trout-vol]

The jerk store called. They're running out of YOU.

Comedy

 

[trout-vol]

wow man, you are too caught up in arguing you are missing a clear analogy.

just because myself, others of my generation, came out of the financial reality ok, doesn't make it less of a "crisis". Earlier I even went and explained how the "crisis" expanded beyond the dollars and inflation and went to the education side of it too. to me a crisis isn't just some threshold of a bad situation, but how prepared one is, and what is your individual situation is going into it.

no one has given a definition of what "crisis" actually means in a financial macro-personal economic level. For me I simply don't know of a threshold which is why I provided more of the explanation to my belief. McDad on your side came the closest when he defined it as "something meeting the definition of a crisis". literally the best description yall have given is using the word to define itself. No one on your side will even come up with some order of how you would phrase things, and keep dismissing it.

you guys won't even sit down to have an honest conversation about there being a problem, and are playing semantic games rather than engaging. you and your anecdotes and reality, and aren't probable for a large chunk of the population

Isn't a crisis definition the same as wealthy paying their "fair share"

 

[85SugarVol]

wow man, you are too caught up in arguing you are missing a clear analogy.

just because myself, others of my generation, came out of the financial reality ok, doesn't make it less of a "crisis". Earlier I even went and explained how the "crisis" expanded beyond the dollars and inflation and went to the education side of it too. to me a crisis isn't just some threshold of a bad situation, but how prepared one is, and what is your individual situation is going into it.

no one has given a definition of what "crisis" actually means in a financial macro-personal economic level. For me I simply don't know of a threshold which is why I provided more of the explanation to my belief. McDad on your side came the closest when he defined it as "something meeting the definition of a crisis". literally the best description yall have given is using the word to define itself. No one on your side will even come up with some order of how you would phrase things, and keep dismissing it.

you guys won't even sit down to have an honest conversation about there being a problem, and are playing semantic games rather than engaging. you and your anecdotes and reality, and aren't probable for a large chunk of the population

You and others are the ones throwing out words like “crisis” and “disaster”. It’s neither of those things.

Is it challenging? Yes, no one has said otherwise.

Have all succeeding generations faced new and novel challenges that the preceding generation did not? Yes, the answer is yes.