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Thread: Why Young People are Becoming Socialists in One Graph

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    Educator Rickeroo's Avatar
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    Re: Why Young People are Becoming Socialists in One Graph

    Quote Originally Posted by phattonez View Post


    And this isn't even looking at a constant population. The workforce is older and more experienced, and we have a lower percentage of people working.

    If you want to guarantee a socialist revolution, make sure that no one can afford basic necessities.
    Houses are larger than they were, but that only accounts for some of the increase. There's a huge uptick since 2000. My guess is that loans are being given out willy-nilly.

    If I were a bank, I'd decline a mortgage that's more than twice the applicants household income. If I were a buyer, my max would be 1.6x income.

    This means in order to qualify for a $300,000 mortgage, you need to be making $150,000 a year.

    I paid 1.4x household income for my 1st house, then went to about 1.6x for my second. I've had no issues with paying the mortgage.

    If you make $75,000 and have a $200,000 mortgage, shame on the bank that gave it to you. Your next stop should be a bankruptcy lawyer.

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    Re: Why Young People are Becoming Socialists in One Graph

    Quote Originally Posted by phattonez View Post
    Not enough. If the company loses money, bondholders should lose also. They shouldn't get recourse to the full value of the goods purchased. Much like stockholders, they should lose proportionally. There's no reason why they should get special treatment.

    And it goes without saying the banks who lost big time in 2008 also should have lost. That would have done way more good for working Americans.
    Was that not the collateral offered when the bonds were issued?
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    Re: Why Young People are Becoming Socialists in One Graph

    Quote Originally Posted by Rickeroo View Post
    Houses are larger than they were, but that only accounts for some of the increase. There's a huge uptick since 2000. My guess is that loans are being given out willy-nilly.
    You're certainly on the right track.

    If I were a bank, I'd decline a mortgage that's more than twice the applicants household income. If I were a buyer, my max would be 1.6x income.

    This means in order to qualify for a $300,000 mortgage, you need to be making $150,000 a year.

    I paid 1.4x household income for my 1st house, then went to about 1.6x for my second. I've had no issues with paying the mortgage.

    If you make $75,000 and have a $200,000 mortgage, shame on the bank that gave it to you. Your next stop should be a bankruptcy lawyer.
    The banks, since they were insolvent, should have been forced to eat the losses and homeowners free to keep their homes.



    Instead, we had millions of foreclosures, and the banks got bailed out. It was disgusting.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "To exercise pressure upon the indigent and the destitute for the sake of gain, and to gather one's profit out of the need of another, is condemned by all laws, human and divine." - Pope Leo XIII

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    Re: Why Young People are Becoming Socialists in One Graph

    Quote Originally Posted by ttwtt78640 View Post
    Was that not the collateral offered when the bonds were issued?
    Of course, which is the problem. If you want to invest then you should share the risk. Why shouldn't all investments be in the form of stock holdings?

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "To exercise pressure upon the indigent and the destitute for the sake of gain, and to gather one's profit out of the need of another, is condemned by all laws, human and divine." - Pope Leo XIII

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    Re: Why Young People are Becoming Socialists in One Graph

    Quote Originally Posted by phattonez View Post
    You tell me, and then link to the study.
    The video discussed where the study came from. Man up and get off your couch watching television and eating potato chips. It's a very short video. It's only about a minute and a half. Don't strain yourself.

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    Re: Why Young People are Becoming Socialists in One Graph

    Quote Originally Posted by phattonez View Post


    And this isn't even looking at a constant population. The workforce is older and more experienced, and we have a lower percentage of people working.

    If you want to guarantee a socialist revolution, make sure that no one can afford basic necessities.
    You can buy a decent home in Hampton Roads for the same monthly price as rent.

    An honest poster would provide a graph of rent inflation along with the cost of buying for people to make a more informative opinion.

    Young people can still buy homes. They may have to forget about the tattoes, Audi's, $700.00 cell phones, and 4 dollar coffees...... and god help the poor creatures if they have to bag a lunch.
    “It’s easier to run for office than to run the office.”
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    Re: Why Young People are Becoming Socialists in One Graph

    Quote Originally Posted by RetiredUSN View Post
    You can buy a decent home in Hampton Roads for the same monthly price as rent.

    An honest poster would provide a graph of rent inflation along with the cost of buying for people to make a more informative opinion.

    Young people can still buy homes. They may have to forget about the tattoes, Audi's, $700.00 cell phones, and 4 dollar coffees...... and god help the poor creatures if they have to bag a lunch.
    Not every real estate market is like Hampton Roads.

    In some cities, teachers and firefighters have to live in places that are literally a 2-hour drive from where they work. No other options exist.
    American brownshirts include (1) most people who say they're conservative (but aren't), (2) the libertarian-right, and (3) people who approve of Trump's presidency. They are the real enemy of the people.

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    Educator Rickeroo's Avatar
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    Re: Why Young People are Becoming Socialists in One Graph

    Quote Originally Posted by phattonez View Post
    You're certainly on the right track.



    The banks, since they were insolvent, should have been forced to eat the losses and homeowners free to keep their homes.



    Instead, we had millions of foreclosures, and the banks got bailed out. It was disgusting.
    Agreed. While we can't control whether big banks get bailed out, we can control what's in our sphere.

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    Re: Why Young People are Becoming Socialists in One Graph

    Quote Originally Posted by phattonez View Post
    Of course, which is the problem. If you want to invest then you should share the risk. Why shouldn't all investments be in the form of stock holdings?
    The owner(s) may not want to cede that much control over their business decisions.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    Re: Why Young People are Becoming Socialists in One Graph

    Quote Originally Posted by RetiredUSN View Post
    You can buy a decent home in Hampton Roads for the same monthly price as rent.

    An honest poster would provide a graph of rent inflation along with the cost of buying for people to make a more informative opinion.

    Young people can still buy homes. They may have to forget about the tattoes, Audi's, $700.00 cell phones, and 4 dollar coffees...... and god help the poor creatures if they have to bag a lunch.
    proxy.duckduckgo.com.jpg

    You're out of touch.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "To exercise pressure upon the indigent and the destitute for the sake of gain, and to gather one's profit out of the need of another, is condemned by all laws, human and divine." - Pope Leo XIII

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