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Millennials are Selfish and Entitled...

Discussion in 'General Debates' started by Sunstone, Jul 1, 2016.

  1. Revoltingest

    Revoltingest Abnormal before it was fashionable
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    But they (the university) say the stadium is a profit center!
     
  2. Acim

    Acim Revelation all the time

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    Not saying this to anyone in particular.

    No one...
    No one!
    No way!
    Gonna stop,
    Now; go!
     
  3. Revoltingest

    Revoltingest Abnormal before it was fashionable
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    Aye, after a couple years experience, no employer/client cared where I went to school.
    They wanted to know what I could do for them.
    Problems with home ownership......
    - Cost more than renting.
    - High transfer cost to acquire & to sell. Need to move for job or other reason? It'll cost ya time & money.
    - People tend to treat them as highly leveraged investments. This creates bubbles & crashes.
    k
    I just do commercial properties & development lending now.
    It's not going so well at the moment....many moments.
    I'm surviving.
     
  4. suncowiam

    suncowiam Well-Known Member

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    Oh ok. Sorry to hear that on your ventures. I hope it gets better.

    I personally don't mind the bubbles and crashes. I did well doing the crashes because that's the time to buy...
     
  5. Saint Frankenstein

    Saint Frankenstein I'm not deaf, I'm just a real bad listener
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    Which is obviously doing wonders since they're still impoverished.
     
  6. Mindmaster

    Mindmaster Well-Known Member
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    H1B Visas = no go.

    Really, I wouldn't trust anything even vaguely STEM related for an income unless you are doing some sort of PhD/Research program angle. You're going to get screwed. :D

    Yea, whelping yourself a tribe of illegitimate rug-rats is a positive career move for young women these days. Not so much for the daddies.. lol

    As far as homes, it was more about having the choice. Young people don't even have the option in most cases.
     
  7. Revoltingest

    Revoltingest Abnormal before it was fashionable
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    Oh, but we do own it.....at their pleasure.
     
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  8. Revoltingest

    Revoltingest Abnormal before it was fashionable
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    It's good you did well, but as a matter of public policy they're best avoided.
     
  9. Revoltingest

    Revoltingest Abnormal before it was fashionable
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    Some do well with a little extra money,
    while others have problems that money cannot cure.
     
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  10. Revoltingest

    Revoltingest Abnormal before it was fashionable
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    Recent grads I know did just fine with only a BS.
    I was thinking of a former tenant who really cleaned up (financially) by working full time as a nurse, while collecting a lot of money for being a single mom.
    If one is willing to live in sketchy areas, homes are cheap.
    I wonder if anyone has studied the change in home cost v wages (after tax)?
     
  11. Mindmaster

    Mindmaster Well-Known Member
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    There are some lucky people, but trends are trends. There are less jobs, and there are plenty of experienced STEM people already in the jobs they're not giving way to foreign nationals. :p

    I have, wages are flat for about the last 15-20 years (depending on who you ask), and they are barely tracking with inflation. Yes, anyone can get a dump in a bullet-ridden ghetto, but I'm not sure that qualifies as a safe family home. :p

    "Personal income increased $37.1 billion, or 0.2 percent, and disposable personal income (DPI) increased $33.9 billion, or 0.2 percent, in May, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $53.5 billion, or 0.4 percent. In April, personal income increased $75.4 billion, or 0.5 percent, DPI increased $68.6 billion, or 0.5 percent, and PCE increased $141.2 billion, or 1.1 percent, based on revised estimates. Real DPI increased 0.1 percent in May, compared with an increase of 0.2 percent in April. Real PCE increased 0.3 percent, compared with an increase of 0.8 percent. " - from BEA.GOV

    That's nearly nothing. :p

    Home costs are about flat since 2008, so would figure it wouldn't matter -- but it does because Dodd-Frank made it much harder to get loan approvals. It's probably not good to invest in real estate at the moment unless you can get it for a literal song (read: tax sales/foreclosure auctions). There isn't much appreciation going on so you have to make your real estate money on flipping or rent.

    There is also probably good money in selling rehab services to people doing the flipping, etc. :D
     
  12. Revoltingest

    Revoltingest Abnormal before it was fashionable
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    When you say home costs arr about flat, do you mean prices?
    Because I'm seeing property taxes rise relative to price, & other costs are increasing too.
    Due to high transfer & carry costs, I don't see anyone here flipping to make money.
    Although I know some who did it to lose (inadvertently) money.
     
  13. Mindmaster

    Mindmaster Well-Known Member
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    Yea, not talking about taxes or anything. Those are going up no matter what. :p

    You can still flip, but you gotta get 'em on the steal or it isn't worth it.

    Around me it costs you about 6% of the sale price to sell, so it's pretty easy to cut off your own nose. What we do in my hood is get them for <20K or walk, because usually we need to redo 10-15k worth of stuff on the house before sale. So, say, 15k (house) 15k to fix it up and about 6k to sell not including the utilities and whatnot you are paying while it is on the market. You can get about 50k out of it most of the time as long as you sell on the cheap side of the market.

    The people who lose are the people who buy homes at full retail and try to rehab. It doesn't work that way, most of your profit is on the purchase. :)
     
  14. Revoltingest

    Revoltingest Abnormal before it was fashionable
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    Tis good that your area affords you this opportunity.
     
  15. Twilight Hue

    Twilight Hue Twilight, not bright nor dark, good nor bad.

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    I think it's more a right of passage. *grin*
     
  16. Tomorrows_Child

    Tomorrows_Child Active Member

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    Can we get a British version of this with Reagan replaced by Thatcher and Blair, who probably did more damage to the British social system than Reagan could ever have dreamed of?
     
  17. MysticSang'ha

    MysticSang'ha Big Squishy Hugger
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    Only as selfish and as entitled as the company they keep.
     
  18. Shadow Wolf

    Shadow Wolf Rival's Wife

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    It seems every generation gets bashed. Today the Millennials are selfish and entitled, yesterday it was my generation being lazy and rotting our brains with MTV, and the Baby Boomers had their "Satanic" Rock 'n Roll and were always stoned off their asses.
    I think the Millennials aren't being selfish or entitled, but having grown up in a post-Cold War society they aren't hounded with the evils of Socialism like Boomers through Xers were, and they got to enter adulthood (conventionally defined as graduating from high school) with poor economic conditions that began to slump while Gen X was still entering the work force, and Millennials did get to enter the work force when more work for less pay and benefits really began to take hold. There is nothing selfish or entitled about expecting the decent jobs with decent pay they were promised, or expecting the promise of being anything you want to be honored.
     
  19. Quagmire

    Quagmire Imaginary talking monkey
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    That's all he was to us too.
     
  20. Satanica

    Satanica New Member

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    That's just the thing - you work hard and smart and guess what!? You still stay poor. Typical baby boomer mindset. Newsflash: what worked for your generation does not work today! I have friends with masters degrees that work in retail or for wages around $12 an hour.
     
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