'War Stories'
Off-topic discussion. Wanna talk about corsets, duct tape, or physics? This is the place. Detailed discussion of any current-season TV must be whitefonted.
Store $750 K versus borrow $750 K.
Don't forget that the item for which one borrows said money will appreciate in value, sometimes substantially. DF's best friend bought a house less than 2 years ago for ~$450K, and last week's comp check said the house is now worth $700k. He's made $250K in less than 2 years. Show me any other investment that has that rate of return in the same time. Plus, he can deduct his interest on his taxes.
that Reza Aslan is one cutehead religious scholar
Isn't he adorable? Also atriculate. But, so adorable!
The news is depressing me.
Debt that can be written off on taxes isn't necessarily a bad thing.
Debt written off on taxes. What is the amount in the bank account?
Less.
Check it. Seriously. Check the numbers. Can you rent your way ahead of the interest? Yes, if you save, at interest.
If you can't rent and save, something is wrong with your rent, or your income.
Isn't he adorable? Also articulate. But, so adorable!
And funny!
Totally adorable. Made me what to pinch his cheeks and say "who's a wittle religous scholar-wholar?"
To pay my rent and save $500K in the bank would take me 30 years. Something wrong with my income? Maybe. But it is what it is.
If you can't rent and save, something is wrong with your rent, or your income.
Well, I could move in to a closet for the next fifteen (or thirty) years and/or I could give up and get a soul sucking job. I don't really want to though.
If you can't rent and save, something is wrong with your rent, or your income.
Not necessarily. I have a tough time because of the housing and rental market in the DC area, and I make a good income. If I had to buy a house on my own, I'd never be able to save enough to come up with a decent downpayment.
Sometimes it feels like I can't even save enough for my retirement, and I don't have a hellacious amount of expenses.
Should people bank the $150K they may spend on their education rather than borrow it to end up paying interest for the next 20 years, because they'll get a better rate of return? They won't be able to make the $150K if they don't have the education. It's a vicious cycle.
So-called consumer debt can get out of hand, sure.
But access to credit is one of the bedrock mechanisms by which people are able to improve their economic standing. G.I. Bill credit in the middle of the last century was a huge driver of the growth of the middle class.