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Thread: Mo. Gov. Candidate Omits Full College Degree Name

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    Re: Mo. Gov. Candidate Omits Full College Degree Name

    Quote Originally Posted by Goldenboy219 View Post
    In 1980, the average home cost $52,000 in Illinois. Assuming a 25% down payment and an effective annual interest rate of 8% compounded monthly (a high estimate), not factoring for escrow and various taxes, the total monthly payment would be approximately $289 per month, for 360 months.

    39000/((1-(1/(1+8%/12))^360)/(8%/12))

    Moral of the story: the overwhelming majority of debt is fixed.
    Ya know that means the next person that comes along has to cover that. So now a 52k home is worth what?

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    Re: Mo. Gov. Candidate Omits Full College Degree Name

    Quote Originally Posted by danarhea View Post
    I don't see what the problem is. With a degree in home economics, he can probably "cook the books" better than most other politicians.

    Article is here.
    What an idiot. If he'd have called it Consumer Economics, it'd be a nonissue. 'Course I do agree with you -- he'll fit right in.
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    Re: Mo. Gov. Candidate Omits Full College Degree Name

    Quote Originally Posted by winston53660 View Post
    Ya know that means the next person that comes along has to cover that. So now a 52k home is worth what?
    The median home value in Illinois (2010) was between $145,000 and $150,000.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Mo. Gov. Candidate Omits Full College Degree Name

    Quote Originally Posted by Goldenboy219 View Post
    The median home value in Illinois (2010) was between $145,000 and $150,000.
    Kinda makes it hard for people when wages haven't increased in the same proportion.

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    Re: Mo. Gov. Candidate Omits Full College Degree Name

    Quote Originally Posted by winston53660 View Post
    Kinda makes it hard for people when wages haven't increased in the same proportion.
    GDP per capita in 1980's dollars in 1980 was about $12,250
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Mo. Gov. Candidate Omits Full College Degree Name

    Quote Originally Posted by Goldenboy219 View Post
    GDP per capita in 1980's dollars in 1980 was about $12,250
    And now it was what about 24k whereas housing has outpaced that rate?

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    Re: Mo. Gov. Candidate Omits Full College Degree Name

    Quote Originally Posted by winston53660 View Post
    And now it was what about 24k whereas housing has outpaced that rate?
    $45,348 (in 2009 dollars) in 2009. Keep in mind that we are using nominal numbers because debt is fixed. I did not convert the median home value in Illinois in 2010 to 1980 dollars.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Mo. Gov. Candidate Omits Full College Degree Name

    Quote Originally Posted by Goldenboy219 View Post
    $45,348 (in 2009 dollars) in 2009. Keep in mind that we are using nominal numbers because debt is fixed. I did not convert the median home value in Illinois in 2010 to 1980 dollars.
    Damn you sharp on this stuff.

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    Re: Mo. Gov. Candidate Omits Full College Degree Name

    I like how he said he couldn't get into business school and pass courses to graduate on time so instead he majored in home economics.... How hard is it to fail business school? Also, what kind of job can you get with a degree in home economics?
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    Re: Mo. Gov. Candidate Omits Full College Degree Name

    Quote Originally Posted by digsbe View Post
    I like how he said he couldn't get into business school and pass courses to graduate on time so instead he majored in home economics.... How hard is it to fail business school? Also, what kind of job can you get with a degree in home economics?
    I dunno know. I guess one could become a Food Channel star...?

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