Actually being in major debt in a collapse

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Jun 2, 2020
11:24:22pm

byukarl Truly Addicted User

Could be the worse place to be in terms of personal freedom. Debts won't be wiped away.

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byukarl

Bio page: byukarl
Joined: Apr 15, 2003
Last login: Apr 25, 2024
Total posts: 27,961 (687 FO)

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Messages

Author

Time

<< Deleted >>

Garduno

6/2/20 11:20pm

Isn't sense of entitlement the knock on Millennials?

braddahmike

6/2/20 11:24pm

Actually being in major debt in a collapse

byukarl

6/2/20 11:24pm

<< Deleted >>

Buffalo

6/2/20 11:25pm

As long as there is some faith in the system perhaps

byukarl

6/2/20 11:40pm

There's no such thing as debt forgiveness. Someone always pays.

Cougarclaw

6/3/20 8:00am

Who pays for that debt forgiveness? The person that incurred the debt or his neighbor?

hitechcpa

6/3/20 9:58am

But only for those who have already defaulted. If you've been responsible, you

TailgateU

6/3/20 12:16pm

Millenials are 38 years old.

SandYFan

6/2/20 11:30pm

He may or may not be a millennial, depending on where in his 20s he is, but the hopelessness is definitely common

Mike Honcho

6/2/20 11:33pm

It's a pervasive ideology.

SandYFan

6/2/20 11:41pm

Basically everyone wants what mom and dad have worked for 20-30 years for, NOW

byu1

6/2/20 11:46pm

There is a lot more blame to go around than universities and their admin

CrimsonCoug81

6/2/20 11:56pm

At the same age, Boomers were in a much better financial position than Millenials are today.

Mike Honcho

6/3/20 12:00am

<< Deleted >>

bigbossbyu

6/3/20 2:14am

Well said. Since elementary school we’ve had it drilled into our heads that

bigbossbyu

6/3/20 2:17am

Created by dual income households becoming the norm,

cougfrvr

6/3/20 4:00am

Now imagine being born around 1900.

Harbinger

6/3/20 6:06am

They seemed happy enough

Charles Darwin

6/3/20 6:51am

Good point, there’s a winning message to convince our fellow millenials

Mike Honcho

6/3/20 8:09am

<< Deleted >>

Harbinger

6/3/20 8:15am

Babying them has worked so well.

Harbinger

6/3/20 8:15am

Just because others had it tougher doesn't mean they don't have it tough now

ZacSeljaas'Stache

6/3/20 10:54am

Certainly every generation has struggles. Not discounting that.

Harbinger

6/3/20 12:50pm

They think they had it harder than the generation that raised them and is

ZacSeljaas'Stache

6/3/20 1:28pm

I honestly don't think either of them have had it all that hard...

CoachSpeak

6/3/20 2:38pm

You just described my grandparents

BYUBandfan

6/4/20 9:41pm

<< Deleted >>

Abe Froman

6/3/20 6:25am

As a millenial I hate this attitude.

rad dawg

6/3/20 9:02am

I also think that there are more "needs" now than there used to be...

CoachSpeak

6/3/20 9:36am

I'm not a millennial but would have a hard time going back to pre-internet life

Colorado

6/3/20 9:42am

As would I...

CoachSpeak

6/3/20 9:50am

Probably $3-400/mo no one had in 80’s. Housing is a problem but also see the expectation

Soupie

6/3/20 9:55am

Those are good points...

CoachSpeak

6/3/20 10:29am

My father flipped when my brother built his first house at 22 in 1993.

StalwartBraveTrue

6/3/20 12:41pm

We managed to build our first house in our mid-20's in early 90's for less than $100k but that was b/c FiL was a builder

Soupie

6/3/20 12:54pm

Ill bite.

rad dawg

6/3/20 10:43am

I don't disagree with any of that...

CoachSpeak

6/3/20 10:53am

Lol, millennials don’t subscribe to cable packages.

messi

6/3/20 3:03pm

They pay for television in some manner.

CoachSpeak

6/3/20 3:54pm

In regards to discipline this generation (which I am a part of) does not have

ballen

6/3/20 1:27pm

Accurate points, but you are correct that Bernie is not the answer. We need more

TailgateU

6/3/20 9:19am

The price of this house proves your point

ZacSeljaas'Stache

6/3/20 10:54am

My parents bought a house very similar to that in Provo in 1980 for $72,000.00

CoachSpeak

6/3/20 11:02am

That would be about 225k today. It's incredible to see the difference! That's

TailgateU

6/3/20 12:16pm

Or move down the road just a bit to this for $150k less. In a few years you sell for a profit & jump to something

Soupie

6/3/20 12:34pm

Value will only go up if there is demand and supply is restricted. Once Boomers

TailgateU

6/3/20 2:09pm

All those factors have always and will always exist for every generation. Not unique to people now. We lost

Soupie

6/3/20 2:12pm

Looks great, unless you have school aged kids

Mike Honcho

6/3/20 2:21pm

See what's in better boundaries. Just meant to be an example. I know some areas will be tough. May need to stretch

Soupie

6/3/20 2:44pm

Sure, and I'm giving you an example of why it's not just as easy as "quit being so picky and just move down the street"

Mike Honcho

6/3/20 2:48pm

Fair enough. Cottonwood heights is quite pricey so most places down the street will be better.

Soupie

6/3/20 3:11pm

I have no idea what the real estate market is in Utah. But generally speaking, you can pick 2: affordable, good schools,

Mike Honcho

6/3/20 4:52pm

LOL millennials were not graduating college around the dot-com bust. You are

Mitty

6/3/20 6:06pm

Millenials were born between 81/82 and 96, according to most places. That would put them around 20 years old during the

Mike Honcho

6/3/20 6:15pm

81/82 is too early for the types of people that are associated the word

Mitty

6/3/20 6:43pm

how you associate the word is your problem. You don’t get to just redefine something because people misunderstand it

Mike Honcho

6/3/20 6:47pm

Boomers didn’t have

kapcreations

6/4/20 7:56am

Well, money is out there if they don't mind taking it.

Belboz

6/2/20 11:52pm

Sounds a lot like what happened to the nephites over time.

Rat

6/3/20 12:12am

What an idiot. A lot of those perceived financial shortcomings would go away if Millennials would stop

unctoothman

6/3/20 12:34am

RE: What an idiot. A lot of those perceived financial shortcomings would go away if Millennials would stop

Soupie

6/3/20 12:42am

Agreed- traveling is another thing. Generally, our parents lived more simply.

byusage

6/3/20 7:47am

I don’t know what the op said, but your post is not good.

messi

6/3/20 8:45am

And yet everyone is still spending money on things they don't need.

byusage

6/3/20 9:16am

I don't disagree, but I don't agree.

Whiskey

6/3/20 1:02am

I’m 24, and what’s frustrating for me is that I am working through school to

yaxcoug

6/3/20 1:19am

The housing market is definitely annoying.

JuicyJam

6/3/20 7:26am

Not sure we can blame millennials for the “rack up the debt” attitude. This

chilango

6/3/20 3:19am

Agreed

Riseandshout81

6/3/20 5:23am

Millennial did help create them. When the first millennials came of age, the

Harbinger

6/3/20 6:12am

There is basically no economic data that support this view.

Linescratcher

6/3/20 6:20am

Harbinger reads "jingoistic claptrap":

CommodoreCoug

6/3/20 6:26am

Lol 100% of the economic data supports this view.

Harbinger

6/3/20 6:27am

Im a millenial who has busted my tail for 15 years to avoid debt and get ahead.

Backcountry

6/3/20 3:40am

Millennial here. Significant student debt, disagree completely with your coworke

Taullis

6/3/20 7:09am

Im in the same boat, so I feel ya. But I despise the word "unfair".

Backcountry

6/3/20 10:29am

We have the exact same plan and similar situation. 8-years to be debt free.

Taullis

6/3/20 11:08am

Thats ambitious. Way to go.

Backcountry

6/3/20 11:22am

<< Deleted >>

Abe Froman

6/3/20 5:23am

I think the cause is that Millennials are told since birth to go to college and

CObluezone

6/3/20 5:40am

Older millennial checking in - I've never heard that. I'm sure some feel that wa

vagabonder

6/3/20 5:49am

As a millennial, let me just say: millennial are the worst generation in

Harbinger

6/3/20 5:57am

Amen. Chattel slavery is nothing compared to avocado toast 🍞 🥑

Linescratcher

6/3/20 6:08am

lol. Baby boomers would like a word with you.

Virginia Ute

6/3/20 7:04am

You don't even seem to know what is considered a millennial

Baron

6/3/20 7:47am

Sure I do. Born between the early eighties and the mid 90's. It would seem that

Harbinger

6/3/20 8:05am

I'm glad Google could help you out.

Baron

6/3/20 8:17am

It did about 15 years ago when I didn't know I was a millennial. Glad I could

Harbinger

6/3/20 8:18am

I don’t know any millennials like that. The ones I work with or go to church

Philosoraptor

6/3/20 6:02am

It is pretty insane that we just inflate bubbles over and over again. Higher

mokelembembe

6/3/20 6:03am

This guy would have loved living through Jimmy Carter.

Harbinger

6/3/20 6:19am

I think this coworker is overly dramatic. First, there is hardly a consensus

Little Britches

6/3/20 6:18am

70% of millennials would vote socialist if they could. No other generation has

Harbinger

6/3/20 6:23am

Where is the polling data on the young groups from the 60s and 70s? Not saying

Little Britches

6/3/20 6:48am

Another thing about millennials: never citing their statistics or sources. Uggh.

Linescratcher

6/3/20 7:06am

The worst right?

Harbinger

6/3/20 7:26am

It is the doctrine of envy that our "leaders" have instilled into our society.

coolblue

6/3/20 6:27am

RE: Heard this today from a coworker about millennials.

JuicyJam

6/3/20 7:10am

I think he is not a millennial.

TheLoneCougar

6/3/20 7:39am

You work with an idiot. Each generation has them. How old is he? 35?

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