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Message Subject Why don't you do the math before you tell these kids to not borrow money-- or get a job!
Poster Handle Anonymous Coward
Post Content
The point of the thread was to explain why people go into debt. Most people would like to own property and raise a family. That would be impossible to do without going into some kind of debt. The real problem is things cost more than they should. If they didn't then people would be able to afford them without crippling debt.
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It DOES have a great deal to do with location, something these posters have not considered for a second when they say how easy it is for someone to live on 10K a year.

But I contend there is NO WAY that a decent, clean-cut, intelligent person could live a decent, respectable life ANYWHERE in America on that kind of money.

If a person took home $10K a year, that means they have $833 a month for ALL expenses.

NO WAY. Not in America. Not if you've got any sense of decency and self-respect.
 Quoting: Anonymous Coward 3771536


Yeah, you would have to live out of you car to get along on that. Put away six thousand a year in savings under the car seat. In twenty years you could buy a house for one hundred and twenty thousand dollars if you can get one that cheap. Of course, there is more expense than just the price.
 Quoting: Anonymous Coward 1578698


20 years? thats it? It took my folks 40 years with interest on a loan. Whats your point again?
 Quoting: Anonymous Coward 1733180

 Quoting: Anonymous Coward 1578698


yes

thats why people go into debt. Cause they want things they cant afford. because their expectations are not based in reality. Because they wont do what it takes to get what they want without borrowing from other people. Because they dont have patience. Because they wont consider a hotdog stand when they can borrow money and open up an olive garden

the people who sell the things get to decide how much the things cost. The people who buy the things get to decide whether its worth the money or not. That is a fair transaction
 
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