Down goes the Dow

I saw my children’s contemporaries go off to private or out of state colleges when they could have stayed home and attended Boise State University. I certainly do not feel sorry for the foolish choices they made.

Ghost of Igloi wrote:

I saw my children’s contemporaries go off to private or out of state colleges when they could have stayed home and attended Boise State University. I certainly do not feel sorry for the foolish choices they made.

Foolish? Really? The return on their investment is probably going to pay off nicely in the long run. Maybe that's the reason you don't feel sorry for them, but I would hardly call it "foolish".

Ghost of Igloi wrote:

“This second downward year in a row in Metro Vancouver prices — after more than two decades of fast-rising values — suggests new B.C. government taxes aimed at limiting foreign and domestic property speculation are having an impact, even while the Lower Mainland’s population continues to grow through in-migration.”

1/3/2020

Canada.

seattle prattle (yet, it's me) wrote:

Ghost of Igloi wrote:

I saw my children’s contemporaries go off to private or out of state colleges when they could have stayed home and attended Boise State University. I certainly do not feel sorry for the foolish choices they made.

Foolish? Really? The return on their investment is probably going to pay off nicely in the long run. Maybe that's the reason you don't feel sorry for them, but I would hardly call it "foolish".

Foolish in a sense that they have huge student debt. It was their choice to spend more when there was cheaper ways to get an education.

Ghost of Igloi wrote:

“This second downward year in a row in Metro Vancouver prices — after more than two decades of fast-rising values — suggests new B.C. government taxes aimed at limiting foreign and domestic property speculation are having an impact, even while the Lower Mainland’s population continues to grow through in-migration.”

1/3/2020

About a year ago I asked maserati what he/she thought about the timing for buying RE in the Vancouver area and he said it was a bad idea. I decided to be contrarian and bought a place last summer anyway. I don’t live there btw. Time will tell whether that was a good idea.

Ghost of Igloi wrote:

seattle prattle (yet, it's me) wrote:

Foolish? Really? The return on their investment is probably going to pay off nicely in the long run. Maybe that's the reason you don't feel sorry for them, but I would hardly call it "foolish".

Foolish in a sense that they have huge student debt. It was their choice to spend more when there was cheaper ways to get an education.

That's what i thought you meant. But just wanted your 'blessing' on our decision to send our son to a relatively expensive out of state private college.

Thanks, IGY!

Ghost of Igloi wrote:

seattle prattle (yet, it's me) wrote:

Foolish? Really? The return on their investment is probably going to pay off nicely in the long run. Maybe that's the reason you don't feel sorry for them, but I would hardly call it "foolish".

Foolish in a sense that they have huge student debt. It was their choice to spend more when there was cheaper ways to get an education.

Aren’t you the guy who has a mortgage for a house on a golf course and a car loan for a Porsche? Where’s that irony guy?

Go, Pats!

seattle prattle (me again) wrote:

Ghost of Igloi wrote:

Foolish in a sense that they have huge student debt. It was their choice to spend more when there was cheaper ways to get an education.

That's what i thought you meant. But just wanted your 'blessing' on our decision to send our son to a relatively expensive out of state private college.

Thanks, IGY!

I get the attraction, but if parent and student incurred tens of thousands in debt for a very common social science degree seems foolish. I have seen these same students use their loans to study abroad. Must be nice. Then to expect tax payers that behaved responsibly to pay for that mistake seems misguided.

Stanley Morgan wrote:

Ghost of Igloi wrote:

Foolish in a sense that they have huge student debt. It was their choice to spend more when there was cheaper ways to get an education.

Aren’t you the guy who has a mortgage for a house on a golf course and a car loan for a Porsche? Where’s that irony guy?

Go, Pats!

Yes, and both loans at 2.875%.

Oh, the envy!

Ghost of Igloi wrote:

seattle prattle (me again) wrote:

That's what i thought you meant. But just wanted your 'blessing' on our decision to send our son to a relatively expensive out of state private college.

Thanks, IGY!

I get the attraction, but if parent and student incurred tens of thousands in debt for a very common social science degree seems foolish. I have seen these same students use their loans to study abroad. Must be nice. Then to expect tax payers that behaved responsibly to pay for that mistake seems misguided.

Yikes, you just dig yourself in deeper each time.

Social Sciences are common and foolish? Like economists, psychologists, teachers, librarians, social workers? Okie, dokie.

Oh, yeah, i have at least one of those degrees. Maybe even a couple.

Thanks, again, Igy!

Ghost of Igloi wrote:

Stanley Morgan wrote:

Aren’t you the guy who has a mortgage for a house on a golf course and a car loan for a Porsche? Where’s that irony guy?

Go, Pats!

Yes, and both loans at 2.875%.

Oh, the envy!

I assume you’re talking about your own envy since, unlike you, I am in the black. And my investments pay better than CDs.

Sorry that you are losing money. Perhaps a visit to a knowledgeable financial advisor could improve your situation?

seattle prattle (me again) wrote:

Ghost of Igloi wrote:

I get the attraction, but if parent and student incurred tens of thousands in debt for a very common social science degree seems foolish. I have seen these same students use their loans to study abroad. Must be nice. Then to expect tax payers that behaved responsibly to pay for that mistake seems misguided.

Yikes, you just dig yourself in deeper each time.

Social Sciences are common and foolish? Like economists, psychologists, teachers, librarians, social workers? Okie, dokie.

Oh, yeah, i have at least one of those degrees. Maybe even a couple.

Thanks, again, Igy!

Seattle,

The point is the debt, which is understandable if the profession supports the expense.

My B.S. is in business administration from Oklahoma State University. I went two years to a junior college and earned a full track scholarship for my remaining three years. My masters degree is in American Studies from University of Southern California. My wife worked full-time and I painted houses on breaks to pay the tuition. My first college track coaching job was for $100 a month, and I taught a sophomore english class and world history for $550 a class. My wife went back to school in evening while working as a special education aide days. We were food stamp eligible but never took them those first two years. I vividly recall one of my adult education students giving me $100 as thanks for my efforts. Allowed us to drive home at Christmas to visit our families. At tge end of tge month it was a pot of beans and homemade cornbread.

So why should I feel sorry for someone that has had a pretty sheltered life? Certainly I feel no obligation to finance their financial choices. I am working until age 70 because of my financial choices. Which by the way includes making sure my children have zero college debt while earning undergraduate (Boise State University) and graduate degrees (Georgia Tech ME, University of Washington-law).

Truly no offense intended.

Igy

So who do you think paid for your scholarship?

Stanley Morgan wrote:

Ghost of Igloi wrote:

Yes, and both loans at 2.875%.

Oh, the envy!

I assume you’re talking about your own envy since, unlike you, I am in the black. And my investments pay better than CDs.

Sorry that you are losing money. Perhaps a visit to a knowledgeable financial advisor could improve your situation?

That’s right I forgot you made a killing with the Patriots. Hope you don’t lose it all like many pros.

wondering wrote:

So who do you think paid for your scholarship?

Me, 110-165 miles a week. Every week 1970-1973.

Ghost of Igloi wrote:

wondering wrote:

So who do you think paid for your scholarship?

Me, 110-165 miles a week. Every week 1970-1973.

Guess again.

wondering wrote:

Ghost of Igloi wrote:

Me, 110-165 miles a week. Every week 1970-1973.

Guess again.

Has zero to do with people taking out debt that cannot be repaid. But keep up the wasted effort Detector Dude.

Ghost of Igloi wrote:

wondering wrote:

Guess again.

Has zero to do with people taking out debt that cannot be repaid. But keep up the wasted effort Detector Dude.

What it has to do with is you feeling no obligation regarding others education debt, yet you have no qualms about others paying for your education.

wondering wrote:

Ghost of Igloi wrote:

Has zero to do with people taking out debt that cannot be repaid. But keep up the wasted effort Detector Dude.

What it has to do with is you feeling no obligation regarding others education debt, yet you have no qualms about others paying for your education.

Your crazy equivalency can be whatever you like.