The Lasting Consequences of Student Debt
1–10 of 209 posts
Re: The Lasting Consequences of Student Debt
#2So, is college still worth it? In the most simplistic terms, yes.
Let's look back at homeownership. Attending a four-year college — even if you borrow, and even if you do not graduate — still increases your chances of owning a home, compared to people who never enroll.
But if the new economy demands that workers have the ability to flow to job opportunities (like dragging-n-dropping them on a spreadsheet) then home ownership is an anchor.
Re: The Lasting Consequences of Student Debt
#3So, is college still worth it? In the most simplistic terms, yes. Let's look back at homeownership. Attending a four-year college — even if you borrow, and even if you do not graduate — still increases your chances of owning a home, compared to people who never enroll. But if the new economy demands that workers have the ability to flow to job opportunities (like dragging-n-dropping them on a spreadsheet) then home o…
Yea, at this point I'd only get a home if I was comfortable with severely limiting my job prospects. Even in the same metro area I've moved apartments after getting a new job so that my commute is around 30 minutes rather than the 1-1.5 hour commutes a lot of my home owning coworkers have had
Re: The Lasting Consequences of Student Debt
#4So, is college still worth it? In the most simplistic terms, yes. Let's look back at homeownership. Attending a four-year college — even if you borrow, and even if you do not graduate — still increases your chances of owning a home, compared to people who never enroll. But if the new economy demands that workers have the ability to flow to job opportunities (like dragging-n-dropping them on a spreadsheet) then home o…
[deleted]
Re: The Lasting Consequences of Student Debt
#5So, is college still worth it? In the most simplistic terms, yes. Let's look back at homeownership. Attending a four-year college — even if you borrow, and even if you do not graduate — still increases your chances of owning a home, compared to people who never enroll. But if the new economy demands that workers have the ability to flow to job opportunities (like dragging-n-dropping them on a spreadsheet) then home o…
[deleted]
Re: The Lasting Consequences of Student Debt
#6So, is college still worth it? In the most simplistic terms, yes. Let's look back at homeownership. Attending a four-year college — even if you borrow, and even if you do not graduate — still increases your chances of owning a home, compared to people who never enroll. But if the new economy demands that workers have the ability to flow to job opportunities (like dragging-n-dropping them on a spreadsheet) then home o…
Yea, at this point I'd only get a home if I was comfortable with severely limiting my job prospects. Even in the same metro area I've moved apartments after getting a new job so that my commute is around 30 minutes rather than the 1-1.5 hour commutes a lot of my home owning coworkers have had
I'm in the same boat ... except I ended up buying to insulate myself from a ridiculous housing market since there are lots of jobs within a 30min trip of my place.
The glorification of home ownership really baffles me, although I still ended up purchasing after careful consideration of things like:
http://jlcollinsnh.com/2013/05/29/why-your-house-is-a-terrib...
Re: The Lasting Consequences of Student Debt
#7So, is college still worth it? In the most simplistic terms, yes. Let's look back at homeownership. Attending a four-year college — even if you borrow, and even if you do not graduate — still increases your chances of owning a home, compared to people who never enroll. But if the new economy demands that workers have the ability to flow to job opportunities (like dragging-n-dropping them on a spreadsheet) then home o…
I agree. Most of the high earning young people I hang with basically have to be willing to uproot for opportunity.
However, owning a house (I think the term home is something distinctly different) could be used to facilitate moves though. I don't have to be in the same state/country as my rental property (though countries are starting to crack down on foreign rental property ownership).
Re: The Lasting Consequences of Student Debt
#8So, is college still worth it? In the most simplistic terms, yes. Let's look back at homeownership. Attending a four-year college — even if you borrow, and even if you do not graduate — still increases your chances of owning a home, compared to people who never enroll. But if the new economy demands that workers have the ability to flow to job opportunities (like dragging-n-dropping them on a spreadsheet) then home o…
Remote working needs to become a standard practice. It's the only way to escape the neverending rise in housing in places like SF, and give people the ability and stability to settle down in a place they love, raise a family, and invest in their housing.
Think about all of the coming job losses to automation ... what if high earning tech workers could stay in their communities, and spread some of that SV economy around.
Re: The Lasting Consequences of Student Debt
#9graduating from college makes you almost as likely to own a home, by age 36, as someone from a high-income family.
I assume they mean "own" in the sense "get a mortgage on" not "have fully paid for", no?
Re: The Lasting Consequences of Student Debt
#10graduating from college makes you almost as likely to own a home, by age 36, as someone from a high-income family. I assume they mean "own" in the sense "get a mortgage on" not "have fully paid for", no?
I think they mean paying a mortgage too. Paying off a house by 36 seems to require either a ton of money or a very, very cheap home.