Lost Generation, wow sucks to be young today.

Discussion in 'Wall St. News' started by noob_trad3r, Sep 22, 2011.

  1. achilles28

    achilles28

    How are you doing, Jack?
     
    #161     Sep 26, 2011
  2. jprad

    jprad

    They're right not to consider them "legitimate universities."

    You can start here. After that, search on student loan default rates for these schools.

    http://en.wikipedia.org/wiki/For-profit_school
     
    #162     Sep 26, 2011
  3. Really great and beyond imagination.

    Thanks so much for asking.

    regards.

    I couldn't resist that little piece of humor. lol.....
     
    #163     Sep 26, 2011
  4. Straight to the point.

    I knew there was a reason liked you Jack. And not because they named my favorite candy bar after you... :D
     
    #164     Sep 26, 2011
  5. Thanks, but I'll leave that to those who are still deluded into thinking college is the answer to their problems...

    :)
     
    #165     Sep 26, 2011
  6. jprad

    jprad

    BFD.

    I know a retired couple on the east end of Long Island who were running a B&B out of their house just to pay the property taxes on their paid-off home.

    Between taxes, inflation, health care and having some disposable income to actually do something during retirement a reverse mortgage starts looking pretty damned attractive.

    God forbid one gets sick and the other can't let go...

    So, here's hoping your parents aren't enjoying a long, healthy and active retirement.
     
    #166     Sep 26, 2011
  7. the whole post just seemed so funny and then that boomerang at the end and I was thinking about Tom Lerher (sp) and his adroit musical commentary.

    I've been an ADJ PROF in so many fields....lol

    It is a killer to just arrive and spiel and make the grad students work their asses off and then come back and floor them again. And they love it too.

    At the U of Tenn we would go out and listen to blue grass (with our grass) until dawn and the next spiel. We wrote a book there and designed Mud Island in Memphis. (mostly a planning center for communities and regions in the Mississippi watershed (A class 10 river).

    All those places and all those years.
     
    #167     Sep 26, 2011
  8. achilles28

    achilles28


    Good to hear :)

    Keep truckin'
     
    #168     Sep 26, 2011
  9. Don't count on that. They'll reverse mortgage and throw a death party.
     
    #169     Sep 27, 2011
  10. It is far worse than that. If any of you have ever had to deal with a elderly family member E.O.L. issue. The health care industry has plenty of packages and products to sell you. The Boomers are just starting to have to deal with macro population shift. If your parents manage to make it to managed care status and an estate has any wealth in it. It will be drained sucked dry and a debt will likely be incured. It is just about the bottom line and profit. The Boomers will spend an exorbinant amount of money to maintain a healthy active life style. The massive amount of wealth will be drained into the health care industry leaving Gen X and later with nothing and a large debt.
    When a family applies for long term health care one of the question that must be filled out is the value of the estate. When that number is handed over to the office monkeys and bean counters an estimated term is set. If the estate is worh nothing they will kindly tell you that they can not assit you. If there is no wealth in the estate then the state gets burdened. If the family decides to take out a loan and a reverse mortage then all assets near the estate will be drained out. It cold and impersonal when you get to the botttom line. How much is a life worth?
    It is part a very much larger issue of global debt bondage which ensures the ruling class stay in power. The philosophy is "If I have your debt I own you"

    Welcome to Neo Fuedalism,

    Akuma


    Diamonds are still looking strong
     
    #170     Sep 27, 2011