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Hi Patrick, I enjoyed your book. Putting more pieces together, I completely understand how the system enslaves the majority of people in this country. I am referring to high student loans and high housing prices. I am starting to side more with your point of view that the elder generations are enslaving the younger ones with student loans that will never be paid off and houses that will never be paid off.
Specifically, I think of the orthodontist with $1 million in student loans. I was also imagining he of course has to have an expensive house to fit in. No matter how successful his practice is, there is no way that he will not be in a negative amortization for his entire life, and that assumes everything else goes well. He can certainly count on not affording a family, though he will have a wife in the beginning, until she realizes that there is no upside. They will never go on vacations, they won't be able to eat out with friends, or belong to the country club.
I am s...
https://www.marketwatch.com/Story/economists-say-homes-could-go-on-sale-in-2020-when-the-next-recession-hits-2018-05-22?&siteid=patrick.netProspective home buyers these days are probably feeling pressure to lock in a deal quickly given skyrocketing home prices across most of the country. But those who wait a couple of years may be rewarded. ...
Even though the housing market likely won’t be the cause of the next recession, an economic downturn would still have an impact on real estate. ...
Previously, the panel predicted that any upcoming recession would have a moderate impact on the housing market, with real-estate values in cities such as San Francisco, Miami, Los Angeles, New York, San Diego and Seattle likely to be the most affected.
North Korea RE. Get in now.
Hi Patrick, I enjoyed your book. Putting more pieces together, I completely understand how the system enslaves the majority of people in this country. I am referring to high student loans and high housing prices. I am starting to side more with your point of view that the elder generations are enslaving the younger ones with student loans that will never be paid off and houses that will never be paid off.
Specifically, I think of the orthodontist with $1 million in student loans. I was also imagining he of course has to have an expensive house to fit in. No matter how successful his practice is, there is no way that he will not be in a negative amortization for his entire life, and that assumes everything else goes well. He can certainly count on not affording a family, though he will have a wife in the beginning, until she realizes that there is no upside. They will never go on vacations, they won't be able to eat out with friends, or belong to the country club.
I am s...
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