Those poor banks are now owners of the one asset that will always be considered a premium and will always possess value. Property.
Originally posted by all2human
reply to post by trekwebmaster
Perhaps you should be more accepting of people that may not share your views,it may take a little longer but one can get an education without extreme debt,if you can't agree with that imo you've wasted your $edit on 30-9-2012 by all2human because: (no reason given)
Originally posted by jhn7537
reply to post by loam
As a current college student who's enrolled at DePaul University (Private School- Tuition is 32k per year), I have to say, it can be tricky trying to maintain stability and order in ones life... Luckily for me, I'm borrowing under $8k per year and I'm able to cover the rest with my current job... I do feel for those who borrow $30-50k each year, getting meaningless degrees. Kids today need to pick their degrees based off the current demands are workforce is showing or they will find themselves working at Starbucks and defaulting on their loan obligations... I'm a business major with a focus on IT and management, so I'm getting my degree in an area where I currently hold a good job... 18 year old need to be educated better coming out of HS about loans, degrees, and their future. Many are clueless and they're all willing to just sign on the dotted line...
I could have borrowed the full amount each year, but I knew it would be pointless borrowing. Lots of kids today take the maximum amount so they have "spending" (partying) money on campus...I probably could have taken out $5k this year and been just fine, but I wanted to make sure I had enough for books and all the unknowns that pop in a school year, and being in my first quarter you never know what may happen in the 2nd or 3rd of a school year...
Allodial title constitutes ownership of real property (land, buildings and fixtures) that is independent of any superior landlord, but it should not be confused with anarchy as the owner of allodial land is not independent of his sovereign. In common legal use, allodial title is used to distinguish absolute ownership of land from holding by feudal tenure which restricted alienation and burdened land with the tenurial rights of a landholder's overlord or sovereign.
Originally posted by AGWskeptic
Most people have no idea whats coming, but they know what Kim Kardashian had for lunch last tuesday.
I'm still not sure if my strategy of selling my McManshion and paying cash for a HUD foreclosure while also cashing in my stocks and paying off all of my debt was the right move.
With the sheer amount of unrecoverable debt out there my little chunk wouldn't really mean much if the system crashed.
And if things get bad enough even a clear deed on a paid for house might not be worth the paper it's written on.
The coincidence of graduation and the economy collapsing in 2008, gave job-markets a kick in the groin.