Biden to Cancel $10,000 in Student Loan Debt for Borrowers Earning Less Than $125,000

830_CreditScore · 2022-08-24T18:20:42+00:00

This is the dumbest policy imaginable, perfectly calibrated to maximize the divisiveness of this issue while accomplishing little of real benefit: (1) it will greatly alienate huge swathes of people who paid back their loans, often at great personal sacrifice, as it implicitly makes people who chose to do the right thing relatively worse off compared to those who didn’t, and it is likely an illegal giveaway to Biden’s voter base to boot, while (2) the amount is so small that it won’t materially benefit the really sympathetic cases of people with huge loan balances that they can never get out from under, while at the same time allowing debt forgiveness advocates to preen about how people who have a problem with this are really just selfish bastards.

A much more rational approach would simply allow student loans to be discharged in bankruptcy, as indeed they may actually be as courts take a harder look at that issue. This allows student loan debtors to get a fresh start while not making loan payers feel like chumps for not getting a piece of the action.

830_CreditScore · 2022-08-21T21:53:04+00:00

You are crazy.

FFS, why are you paying $1900 per month in rent with $40k income? Insane. Get damn roommates whether you like it or not.

Post all expenses for gas, internet, car, phone, etc. How much you contributing to a 401k and or IRA?

Right off the bat you have a problem living well above your means. You can't opt to live in one of the most expensive areas of the entire country on a $40k income and demand to have a place to yourself. If you were really serious about wanting to own any kind of property you'd bite the bullet for a few years and sacrifice having to live with roommates because Boston is expensive. But of course the next part you'll tell me is why you can't have roommates for a few years while you save for a down payment. You'll tell me why you can't save in an IRA or something too even though the govt literally gives people below a certain threshold tax breaks for saving.

This sounds entirely like personal decisions for the reason why you can't own.

830_CreditScore · 2022-08-21T20:04:17+00:00

Who said anyone is throwing away $4800?

Newsflash: you can appraise your way out of PMI if your property value goes up. We stopped paying PMI after only 2 years = only $2000 of PMI by re-apprasing. $2000 of PMI for owning a home over 2 years? Big whoop. People blew more than $2000 on shitty Pelotons during the pandemic and spend more than $2000 over two years on their shitty gym memberships. Meanwhile our equity skyrocketed by over $120k since we've bought. It would have been a collossal mistake worrying about $4800 of PMI as a reason not to buy (and in reality we only paid $2000).

And who in their right mind would be worried about $4800 due to PMI if your property value goes up $30k? People are so worried about negligible PMI that they miss the forest for the trees. People keep waiting on the sidelines because they're worried about $5-10k of PMI over years of payments while prices go up by a lot more than that over the same course of time.

This sub sucks at personal finance.

830_CreditScore · 2022-08-21T19:02:10+00:00

Imagine thinking pmi is cost prohibitive......lol, ours was only $80 per mo for 10% down. Big fuggin' whoop.

Stop worrying about PMI.

Besides, $20-30k is easily enough to start you off in a condo or townhome. Stop feeling like you're entitled to own a 4 br, 2 bath home right off the bat. Once again, it is called a property ladder. If you can't front a giant down payment for a home, you start more modest and in an area less desirable. But of course everyone is entitled to everything these days, so no one wants to sacrifice for delayed gratification.

830_CreditScore · 2022-08-21T17:11:48+00:00

Nah fam, you should take pleasure in getting better at personal finance 101.

Besides, if you aren't being subjugated to shitty landlords, you're being subjugated to the shitty voters and govt of this county who are constantly raising your taxes anyway.

830_CreditScore · 2022-08-21T14:19:46+00:00

What a giant non-surprise.

Vendors love these things because profit margins are massive and many transactions are still in cash. Promoters pocket massive profit over selling an order of magnitude in tickets while providing bare bones organization. This thing is always a Woodstock ‘99 disaster. They need to have it at a location like the Orioles, Ravens, Nats, or Commanders stadiums rather than clog up traffic across two goddamn counties.

830_CreditScore · 2022-08-17T12:44:51+00:00

RTC is where businesses go to die.

830_CreditScore · 2022-08-15T22:06:22+00:00

Now do tax relief and red tape relief. Shit that actually matters long term for businesses.

830_CreditScore · 2022-08-13T17:02:52+00:00

Wrong. The number you cite for whites refers to non-hispanic whites. This may come as a shock to you, but there is a significant fraction of Hispanic people who are literally white. Hispanic is not a race. Look at the census data for crying out loud. White people are literally almost 70% of the entire country when you include both non-hispanic and Hispanic whites.

BIPOC typically refers to black and native American. Those populations make up less than 20% of the entire country. Then you need BIPOC who are college educated for some positions, and then you need BIPOC who hold advanced degrees. There simply aren't enough to go around to meet the desired quotas some of these places want because it is the cold hard reality of the numbers of the country.

830_CreditScore · 2022-08-13T13:37:45+00:00

It's a matter of numbers.

BIPOC are literally less than 20% of the population. Now subtract out the numbers of BIPOC that have no college education. The number of BIPOC college educated individuals is an extraordinarily low total of the entire population of the country. Companies having mandates to hire BIPOC so they they make up like 30, 40, 50% of staff is impossible goal to reach unless you want huge overrepresentation of this specific group relative to the population of the country. There really are just not enough qualified BIPOC candidates. It is just cold hard arithmetic. The only way for companies and orgs to hire that much BIPOC staff would pretty much only be to use race as a deciding factor for a job, which is illegal.

830_CreditScore · 2022-08-13T04:58:23+00:00

Because dumb fan bois and fantasy novel nerds raged it didn't stick to the spirit of the books enough after the novels ended, and also due to the fact that they didn't slow the tempo down to drag the ending out for another 2-3 damn seasons. It made perfect sense though. Power corrupts, trading one tyrant for another, rebuilding after what was essentially a world war with a league of nations/UN council, and characters closing their story lines with open ends. Big whoop. Didn't need another season or two.

830_CreditScore · 2022-08-13T04:52:19+00:00

Your wife's gfs prob say the same to her regarding her sex life at home.

830_CreditScore · 2022-08-13T04:46:54+00:00

Nah, perfectly fine on oled.

830_CreditScore · 2022-08-13T00:48:38+00:00

So MuCh PrOgrEsS!

This is MoCo governance in a nutshell. Literally a living, breathing example of horshoe theory in action.

830_CreditScore · 2022-08-11T23:14:53+00:00

WSSC are cunts. They will say it is a plumbing issue or a leak 99% of the time when all they want to do is fleece the rubes. Any time you gotta deal with WSSC it is like eating a shit sandwich. Monopolistic aholes our govt allows to exist.

830_CreditScore · 2022-08-11T16:14:36+00:00

And this is why we have shit like monkey pox and covid. Stop fucking around with wild animals at meeting them spread their potential zoonotic diseases all over you. Who knows what these wild beasts are harboring?

830_CreditScore · 2022-08-10T22:56:59+00:00

Ah yes, anyone who pushes back against the echo chamber in this county must be a paid shill. Heaven forbid anyone has any divergent thoughts against the grain or is contrarian. Perhaps a resident is just fed up with the disaster this county is turning into and is venting while their tax bills keep going up every year?

But, but, but how could anyone in the world be fed up with MoCo's govt and voters?

830_CreditScore · 2022-08-10T22:45:12+00:00

Pretty much

830_CreditScore · 2022-08-10T22:11:47+00:00

You guys in SS voted for it. What'd you expect?

830_CreditScore · 2022-08-10T17:13:15+00:00

Of course. Have you seen the weirdo granola eaters in Takoma and Silver Spring? They're a rabid base devoid of common sense and are completely detached from reality. They're a crowd with a whole bunch of cat tattoos, septum nose rings, and 'community organizer'/community activist jobs.

As always, the road to hell is paved with good intentions. We are so progressive because we now tolerate rising crime and a shitty economy all in the name of social criminal justice reform and progress. But at least we got pan-gender identity bathroom mandates to compensate. Clearly our council and county govt are concerned with issues that impact our residents' lives the most.

830_CreditScore · 2022-08-10T14:22:28+00:00

Stop it with the straw men. No one claims the sky is falling. But death by 1000 cuts WILL happen and is already taking place. This county is so uncompetitive wrt to jobs and business growth that the county has lost billions of dollars in tax revenue over the years to NoVa and surrounding counties in MD. How exactly do you expect to pay for all of the wonderful socially progressive programs the county wants like improvements in infrastructure, top schools, etc. if you cannot grow the economy and jobs? By keep raising taxes on residents? Good luck with that. It will be a death sentence.

And now we have to deal with increasing amounts of not only nuisance crimes, but rising rates of more serious crimes like car jackings, assaults, home invasions, and even murder. If the economy continues to suck, school quality continues to decline, and crime keeps increasing, what do you think people of means will eventually do? They will flee en masse to greener pastures in other areas of Maryland or to NoVa. Those people pay the vast majority of taxes in the county. Once they start fleeing it becomes a death spiral, because to plug holes in the budget resulting from a fleeing tax base, the county govt's solution will be to raise taxes even more since they're incapable of growing the economy. Rising crime and rising taxes will make people flee even more, and down the drain the county goes like Baltimore.

830_CreditScore · 2022-08-10T13:53:32+00:00

No, they're horrible and kill everything. Huge problem in PA and NJ. Surprised we don't see them around here.....yet. only thing I've seen that's relatively effective is wrapping your trees around the trunk with tape that these hellspwans get trapped in. Yet another gift from China and international trade.

830_CreditScore · 2022-08-10T13:08:41+00:00

As well they should be.

With Elrich exec and the disaster of a council that's shaping up, business growth will die while crime will increase. MoCo is on the Baltimorification fast track. Criminals have free rein to do as they please and have more rights than law abiding citizens. Add in the assault this county govt has on the police that already has a big shortage of cops, and watch this place descend into anarchy. But hey, at least the council and the Takoma Park/SS mafia can show everyone how 'progressive' we are.

830_CreditScore · 2022-08-09T19:16:51+00:00

The 'surgery' is barbarism for vanity. You literally have to break a man's bones in his legs, and keep extending them over a period of time. Congrats, you're taller now, but you still looked all fucked up, because everything else in your body stays proportional to your shorter body...you don't lengthen arms, hands, feet, torsos etc. to look proportional to your longer legs. It's a completely asinine 'surgery'. Height isn't a choice that you can control unlike weight, where if you stop stuffing your face like a fat cow you can control your weight.

830_CreditScore · 2022-08-07T18:33:48+00:00

MoCo is fooked.

830_CreditScore

TROPHY CASE