I'm kinda sick and tired of reading (on this forum, of all places) how people who bought 500K houses, fancy cars, lots of fancy clothes, gambled money, and generally acted as stupid as those of us with student loans are somehow more righteous than those of us with the student loans are.
Are you serious? I know plenty of people, some of whom I went to high school with, who bought too much house and then walked away from it. How does this make them better than me? Is it because they were married and had kids? Does one even really need a 7 bedroom house with a deck and a swimming pool that overlooks the valley and is in a fenced and guarded community? Is this really necessary for life? Is it really necessary to take the kids to Disneyland every year?
How does the fact that you took little Susie and Billy to Disneyland on credit every year make you better than me? Does that Vegas vacation on credit, complete with the designer goods and a year's worth of lost wages make you more righteous than me? If so, how?
I am a taxpayer, too, and I have the lovely distinction of being from Nevada, currently stuck in Utah, and watching my home state implode, of watching my hometown (which is Las Vegas) implode...because no one is ever impacted when people walk away from their house! /sarc What a big fat lie, that no one is impacted when you walk away or file bankruptcy! The bank sells your house for less, because you gave it to them, which makes your neighbor's homes worth less, which means that different kinds of people move in, but everyone is walking away (which a ton of people in Vegas are doing right now) then there are tons and tons of houses that no one is living in, and so people squat in those abandoned houses, and people steal from them, and the values of your neighbors houses plunge further.
And the city and state make nil in property taxes, so the state loses money, so the state raises tuition at UNLV and CSN, and the state cuts services and lays off teachers and the people who file bankruptcy after you have to wait longer to get a 341 because the court is overwhelmed. And the construction industry comes to a halt, and all the supermarkets start to implode. No, no one is impacted when you walk away from the house! No one at all!
As for the credit cards, well, if enough people file bankruptcy and walk away from homes, well, they raise the rates and get picky who they give credit to. Right now lending in this country is at record lows. Your decisions impact other people. They really do. You don't live on a pond out in the middle of nowhere.
If we as a country don't do something about student loans, I would love to see bankruptcy law rewritten so all those righteous people who bought too much house are stuck with it until they die, and will have their wages garnished and their social security garnished as well when they are old.
I borrowed student loans. I also lived with my parents and worked (still am working) through school, yet I'm suffering because of all the people who bought too much house and can just walk away from it like that...and implode both my hometown and Salt Lake City (where I live now) because when they were younger they bought the lie that their home would be worth more someday and was an investment.
Like those with the fancy 500K house, I was told a lie about college. I was told that a college education would open doors and I would make more. I was told that student loan debt was good debt.
The only person who said other than that in my life was my father. Even my grandparents, who would not touch a credit card with a ten foot pole, told me this. So I went to college. I did research the student loans. I was told nothing by my college other than that they were "good debt." I transferred to a community college shortly thereafter, bothered by the amount of debt I was wracking up.
I'm also tired of hearing the lie that those of us in healthcare are working recession proof jobs. Healthcare is not recession proof. Go ask a nursing student. I'm just a nurse's aide, and yet it took me 3 months to find the job I work now, and I'm just a temp! Many of the nurses and doctors I am working with have spent anywhere from 3 months to 1 year unemployed in this economy, all of them with student loans! Maybe before the recession hit, sure, healthcare was the place to be...but now those of us in healthcare are a dime a dozen. And residents, as medical students are more commonly known, don't make much while working as a resident (typically not much more than I make as a nurse aide).
But to those of you who think you are better than those of us with student loans who bought the fancy house, you really are not any better, nor righteous, than we are. You bought a lie as well. And your actions are impacting me *daily* what with all the neighborhoods that are now ghetto, the decreased tax income (In Nevada to the tune of $800 million; in Utah to the tune of $771 million), and the job loss.
If my debts cannot be discharged, then neither should yours. And if you want to come back with the line "have you not benefitted from that education" yea, I have benefitted. But did you not benefit from that fancy house, those nice cars, that weekend at Disneyland, that time at the craps table, that fancy Rolex watch/Louis Vuitton handbag?
My parents don't have student loans. They have one credit card. They bought an older house that has a tacky view of a Mormon church and is right next to the freeway. They don't own designer anything. They haven't been on vacation in 3 years. The cars are all older and paid off. Why should they suffer for the stupid of people who bought more than they could afford, including those who bought too much house?
My parents' taxes are paying for all those home loan revisions. Do they not have a say in that?
Are you serious? I know plenty of people, some of whom I went to high school with, who bought too much house and then walked away from it. How does this make them better than me? Is it because they were married and had kids? Does one even really need a 7 bedroom house with a deck and a swimming pool that overlooks the valley and is in a fenced and guarded community? Is this really necessary for life? Is it really necessary to take the kids to Disneyland every year?
How does the fact that you took little Susie and Billy to Disneyland on credit every year make you better than me? Does that Vegas vacation on credit, complete with the designer goods and a year's worth of lost wages make you more righteous than me? If so, how?
I am a taxpayer, too, and I have the lovely distinction of being from Nevada, currently stuck in Utah, and watching my home state implode, of watching my hometown (which is Las Vegas) implode...because no one is ever impacted when people walk away from their house! /sarc What a big fat lie, that no one is impacted when you walk away or file bankruptcy! The bank sells your house for less, because you gave it to them, which makes your neighbor's homes worth less, which means that different kinds of people move in, but everyone is walking away (which a ton of people in Vegas are doing right now) then there are tons and tons of houses that no one is living in, and so people squat in those abandoned houses, and people steal from them, and the values of your neighbors houses plunge further.
And the city and state make nil in property taxes, so the state loses money, so the state raises tuition at UNLV and CSN, and the state cuts services and lays off teachers and the people who file bankruptcy after you have to wait longer to get a 341 because the court is overwhelmed. And the construction industry comes to a halt, and all the supermarkets start to implode. No, no one is impacted when you walk away from the house! No one at all!
As for the credit cards, well, if enough people file bankruptcy and walk away from homes, well, they raise the rates and get picky who they give credit to. Right now lending in this country is at record lows. Your decisions impact other people. They really do. You don't live on a pond out in the middle of nowhere.
If we as a country don't do something about student loans, I would love to see bankruptcy law rewritten so all those righteous people who bought too much house are stuck with it until they die, and will have their wages garnished and their social security garnished as well when they are old.
I borrowed student loans. I also lived with my parents and worked (still am working) through school, yet I'm suffering because of all the people who bought too much house and can just walk away from it like that...and implode both my hometown and Salt Lake City (where I live now) because when they were younger they bought the lie that their home would be worth more someday and was an investment.
Like those with the fancy 500K house, I was told a lie about college. I was told that a college education would open doors and I would make more. I was told that student loan debt was good debt.
The only person who said other than that in my life was my father. Even my grandparents, who would not touch a credit card with a ten foot pole, told me this. So I went to college. I did research the student loans. I was told nothing by my college other than that they were "good debt." I transferred to a community college shortly thereafter, bothered by the amount of debt I was wracking up.
I'm also tired of hearing the lie that those of us in healthcare are working recession proof jobs. Healthcare is not recession proof. Go ask a nursing student. I'm just a nurse's aide, and yet it took me 3 months to find the job I work now, and I'm just a temp! Many of the nurses and doctors I am working with have spent anywhere from 3 months to 1 year unemployed in this economy, all of them with student loans! Maybe before the recession hit, sure, healthcare was the place to be...but now those of us in healthcare are a dime a dozen. And residents, as medical students are more commonly known, don't make much while working as a resident (typically not much more than I make as a nurse aide).
But to those of you who think you are better than those of us with student loans who bought the fancy house, you really are not any better, nor righteous, than we are. You bought a lie as well. And your actions are impacting me *daily* what with all the neighborhoods that are now ghetto, the decreased tax income (In Nevada to the tune of $800 million; in Utah to the tune of $771 million), and the job loss.
If my debts cannot be discharged, then neither should yours. And if you want to come back with the line "have you not benefitted from that education" yea, I have benefitted. But did you not benefit from that fancy house, those nice cars, that weekend at Disneyland, that time at the craps table, that fancy Rolex watch/Louis Vuitton handbag?
My parents don't have student loans. They have one credit card. They bought an older house that has a tacky view of a Mormon church and is right next to the freeway. They don't own designer anything. They haven't been on vacation in 3 years. The cars are all older and paid off. Why should they suffer for the stupid of people who bought more than they could afford, including those who bought too much house?
My parents' taxes are paying for all those home loan revisions. Do they not have a say in that?
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