Hello There, Guest! (LoginRegister)

Thread Closed 
ESPN
Author Message
Bookmark and Share
HogDawg Offline
Heisman
*

Posts: 7,354
Joined: Dec 2003
Reputation: 549
I Root For: LA Tech
Location: FranklinTNMcKinneyTX
Post: #61
RE: ESPN
(02-13-2017 07:29 AM)KingStucky Wrote:  
(02-13-2017 01:05 AM)HogDawg Wrote:  
(02-12-2017 11:10 PM)KingStucky Wrote:  
(02-11-2017 08:49 PM)Shrack Wrote:  
(02-11-2017 08:43 PM)MUther Wrote:  That may be the case but it spans much more than just 15 years then. Because all of these little 13-22 year old pricks right now definitely fit the snowflake millennial profile.

They are also considered a millennial

Anyone aged around 10-12 to low 30s right now will be considered a millennial for some time (even if they aren't one) until 10-20 more years passes and they decide on a definite time period. "Millennial" will be the hip generation to trash for at least another decade since it has stuck so heavily with the news and the older crowd.

For example, hilarious news articles like this:

http://www.cnbc.com/2016/07/28/millennia...-1965.html

"Millennials CAUSE homeownership rate to drop to lowest level since 1965"

Makes me laugh hard every time.

My parents 3 bedroom house in a middle class neighborhood in South Florida cost them 100k in the 90s, it's now worth 400k. All that and college tuition is inflated beyond belief, yup sounds like us Millennials have been up to no good. We should all just disregard the mountain of student loans they've given out like candy and pull out mortgages. What could possibly go wrong?

A couple years out of college and we've somehow inherited the blame. 07-coffee3

Boo fricken hoo. Quit your bitttchin. When I bought my first house, the mortgage interest rates were between 16% and 21%, depending on where you were buying and what product (single family home, condo, etc..) you were buying. Now they practically give mortgage money away. Today it's very easy to get a mortgage, and the rates are typically around 4%.

That 400K house your parents have? A 30-yr fixed rate on THAT house at 4% interest --after putting 20% down-- will cost you only $1,527.73 per month. That same house (after 20% down) at 16% interest would cost you $4,303.22 per month. So you've got it good. REAL good. Just be thankful Jimmy Carter is not your president.

You young guys need to quit complaining, and go leverage yourself by using some of this free money. You'll get RICH! Just go buy the most real estate you can afford, and mortgage it at the lowest interest rate possible. By the time you are old enough to actually shave, you'll likely have some good equity built up. 03-thumbsup
I like how you used your archaic interest rates with current home prices to give me an example of your past hardship. In your day houses cost 1/5th of that they did, you could've more easily cash flowed an entire home purchase and forgone interest all together.

Also, take your terrible financial advice somewhere else. The problem is your generation sees mortgages as free money (see 2008 for example). 30 year mortgages are a terrible idea and so is taking out as much money as possible. Most people have mortgages that are such a financial strain that when something goes wrong they have to swipe a credit card to keep up.

In typical "SNOWFLAKE" fashion, you're not smart enough to take good advice when given. How's that working out for ya? 03-lmfao
02-13-2017 06:44 PM
Find all posts by this user
HogDawg Offline
Heisman
*

Posts: 7,354
Joined: Dec 2003
Reputation: 549
I Root For: LA Tech
Location: FranklinTNMcKinneyTX
Post: #62
RE: ESPN
(02-13-2017 03:29 PM)Attackcoog Wrote:  
(02-13-2017 07:29 AM)KingStucky Wrote:  
(02-13-2017 01:05 AM)HogDawg Wrote:  
(02-12-2017 11:10 PM)KingStucky Wrote:  
(02-11-2017 08:49 PM)Shrack Wrote:  They are also considered a millennial

Anyone aged around 10-12 to low 30s right now will be considered a millennial for some time (even if they aren't one) until 10-20 more years passes and they decide on a definite time period. "Millennial" will be the hip generation to trash for at least another decade since it has stuck so heavily with the news and the older crowd.

For example, hilarious news articles like this:

http://www.cnbc.com/2016/07/28/millennia...-1965.html

"Millennials CAUSE homeownership rate to drop to lowest level since 1965"

Makes me laugh hard every time.

My parents 3 bedroom house in a middle class neighborhood in South Florida cost them 100k in the 90s, it's now worth 400k. All that and college tuition is inflated beyond belief, yup sounds like us Millennials have been up to no good. We should all just disregard the mountain of student loans they've given out like candy and pull out mortgages. What could possibly go wrong?

A couple years out of college and we've somehow inherited the blame. 07-coffee3

Boo fricken hoo. Quit your bitttchin. When I bought my first house, the mortgage interest rates were between 16% and 21%, depending on where you were buying and what product (single family home, condo, etc..) you were buying. Now they practically give mortgage money away. Today it's very easy to get a mortgage, and the rates are typically around 4%.

That 400K house your parents have? A 30-yr fixed rate on THAT house at 4% interest --after putting 20% down-- will cost you only $1,527.73 per month. That same house (after 20% down) at 16% interest would cost you $4,303.22 per month. So you've got it good. REAL good. Just be thankful Jimmy Carter is not your president.

You young guys need to quit complaining, and go leverage yourself by using some of this free money. You'll get RICH! Just go buy the most real estate you can afford, and mortgage it at the lowest interest rate possible. By the time you are old enough to actually shave, you'll likely have some good equity built up. 03-thumbsup
I like how you used your archaic interest rates with current home prices to give me an example of your past hardship. In your day houses cost 1/5th of that they did, you could've more easily cash flowed an entire home purchase and forgone interest all together.

Also, take your terrible financial advice somewhere else. The problem is your generation sees mortgages as free money (see 2008 for example). 30 year mortgages are a terrible idea and so is taking out as much money as possible. Most people have mortgages that are such a financial strain that when something goes wrong they have to swipe a credit card to keep up.

Mortgages aren't the issue---nor are 30 year mortgages. The issue has always been individuals misusing the system. Don't buy a home you can barely afford. Its dumb. Don't buy a home until you have a nice emergency fund, and can put down a decent down payment without touching your emergency fund. Don't buy a home that makes you live paycheck to paycheck. Always live enough below your means that there is money leftover to save.

As for the wisdom of a 30 year mortgage---while I agree that you are technically correct----I still always get a 30 year mortgage. Here's why---you are not penalized for paying off a 30 year mortgage in 15 years. You are penalized for not being able to make your 15 year payment. A 30 year mortgage allows you to make a larger payment each month (which can effectively change it to a 15 year mortgage)---but in a financially tough year---it allows you to revert to the smaller 30 year payment if you need to for a while. I like the flexibility the 30 year gives me. Obviously the key is you have to have the discipline to pay extra on the mortgage each month.

You are correct that a 30-yr mortgage allows one to pay off a mortgage early without penalty. However, telling Snowflake that "Mortgages aren't the issue" is a HUGE mistake. When interest rates rise --and they eventually will because interest rates are cyclical-- Snowflake will see and finally understand just how important a mortgage is to his/her future.

It's all about "access to capital". That's how the economy grows and that's how a FAMILY like Snowflake's will/can grow.....if he's smart (which he has not demonstrated so far). A mortgage is nothing more than WORKING CAPITAL. And today, working capital (i.e., mortgages) is cheaper than it's ever been (at 3% to 4.5%, depending on the term.)
02-13-2017 06:54 PM
Find all posts by this user
owlcountry40 Offline
1st String
*

Posts: 1,147
Joined: Mar 2009
Reputation: 15
I Root For: FAU
Location:
Post: #63
RE: ESPN
(02-09-2017 05:53 PM)dahbeed Wrote:  
(02-09-2017 11:49 AM)owlcountry40 Wrote:  
(02-09-2017 07:14 AM)CincyDave Wrote:  Millennials, like myself, love sports but our viewing habits are different. Cutting the cord makes sense beyond sports because of the money you can save. Plus you can still watch tons of sports with the internet and an OTA.

Millennials also have changing views of sports. We like soccer, way more than the previous generations. This is a normal change from generation to generation. Baby Boomers parents (The Greatest Generation- I think?) loved track, boxing and horse racing. Baby boomers did not and those sports fell out of the national spotlight. Millennials love soccer.
The Baby boomers are the worst generation ever!! They took a great post WW2 country and have **** on it for 65 years and now look down on millennials for not being as successful in a world they created to be slanted way more against us then they ever had. A generation should be graded based on how they left it for the next one and they baby boomers drained the pool and yell about why young people can not swim.

Still in mom's basement?
No I have a god career.
02-14-2017 12:18 PM
Find all posts by this user
owlcountry40 Offline
1st String
*

Posts: 1,147
Joined: Mar 2009
Reputation: 15
I Root For: FAU
Location:
Post: #64
RE: ESPN
(02-13-2017 06:54 PM)HogDawg Wrote:  
(02-13-2017 03:29 PM)Attackcoog Wrote:  
(02-13-2017 07:29 AM)KingStucky Wrote:  
(02-13-2017 01:05 AM)HogDawg Wrote:  
(02-12-2017 11:10 PM)KingStucky Wrote:  My parents 3 bedroom house in a middle class neighborhood in South Florida cost them 100k in the 90s, it's now worth 400k. All that and college tuition is inflated beyond belief, yup sounds like us Millennials have been up to no good. We should all just disregard the mountain of student loans they've given out like candy and pull out mortgages. What could possibly go wrong?

A couple years out of college and we've somehow inherited the blame. 07-coffee3

Boo fricken hoo. Quit your bitttchin. When I bought my first house, the mortgage interest rates were between 16% and 21%, depending on where you were buying and what product (single family home, condo, etc..) you were buying. Now they practically give mortgage money away. Today it's very easy to get a mortgage, and the rates are typically around 4%.

That 400K house your parents have? A 30-yr fixed rate on THAT house at 4% interest --after putting 20% down-- will cost you only $1,527.73 per month. That same house (after 20% down) at 16% interest would cost you $4,303.22 per month. So you've got it good. REAL good. Just be thankful Jimmy Carter is not your president.

You young guys need to quit complaining, and go leverage yourself by using some of this free money. You'll get RICH! Just go buy the most real estate you can afford, and mortgage it at the lowest interest rate possible. By the time you are old enough to actually shave, you'll likely have some good equity built up. 03-thumbsup
I like how you used your archaic interest rates with current home prices to give me an example of your past hardship. In your day houses cost 1/5th of that they did, you could've more easily cash flowed an entire home purchase and forgone interest all together.

Also, take your terrible financial advice somewhere else. The problem is your generation sees mortgages as free money (see 2008 for example). 30 year mortgages are a terrible idea and so is taking out as much money as possible. Most people have mortgages that are such a financial strain that when something goes wrong they have to swipe a credit card to keep up.

Mortgages aren't the issue---nor are 30 year mortgages. The issue has always been individuals misusing the system. Don't buy a home you can barely afford. Its dumb. Don't buy a home until you have a nice emergency fund, and can put down a decent down payment without touching your emergency fund. Don't buy a home that makes you live paycheck to paycheck. Always live enough below your means that there is money leftover to save.

As for the wisdom of a 30 year mortgage---while I agree that you are technically correct----I still always get a 30 year mortgage. Here's why---you are not penalized for paying off a 30 year mortgage in 15 years. You are penalized for not being able to make your 15 year payment. A 30 year mortgage allows you to make a larger payment each month (which can effectively change it to a 15 year mortgage)---but in a financially tough year---it allows you to revert to the smaller 30 year payment if you need to for a while. I like the flexibility the 30 year gives me. Obviously the key is you have to have the discipline to pay extra on the mortgage each month.

You are correct that a 30-yr mortgage allows one to pay off a mortgage early without penalty. However, telling Snowflake that "Mortgages aren't the issue" is a HUGE mistake. When interest rates rise --and they eventually will because interest rates are cyclical-- Snowflake will see and finally understand just how important a mortgage is to his/her future.

It's all about "access to capital". That's how the economy grows and that's how a FAMILY like Snowflake's will/can grow.....if he's smart (which he has not demonstrated so far). A mortgage is nothing more than WORKING CAPITAL. And today, working capital (i.e., mortgages) is cheaper than it's ever been (at 3% to 4.5%, depending on the term.)
Millennial's do more with less.
The country was handed to the baby boomers and they trashed it.
Baby boomers are the biggest snowflakes of them all after they were coddled by a post war time economy and anyone with a half a skill could get a job and buy a house etc.
Nothing was hard was asked of your generation

Not only that I can also see you are really bad at understanding this whole financing and economy thing as like most baby boomers you look at one facet of the economy and point to the facet and scream "no excuses".
02-14-2017 12:42 PM
Find all posts by this user
MTPiKapp Offline
Socialist
*

Posts: 16,857
Joined: Dec 2007
Reputation: 716
I Root For: MiddleTennessee
Location: Roswell, GA
Post: #65
RE: ESPN
I think this has gone far enough OT.

Let's keep the political talk to the spin room friends.
02-14-2017 12:57 PM
Find all posts by this user
Thread Closed 




User(s) browsing this thread: 1 Guest(s)


Copyright © 2002-2024 Collegiate Sports Nation Bulletin Board System (CSNbbs), All Rights Reserved.
CSNbbs is an independent fan site and is in no way affiliated to the NCAA or any of the schools and conferences it represents.
This site monetizes links. FTC Disclosure.
We allow third-party companies to serve ads and/or collect certain anonymous information when you visit our web site. These companies may use non-personally identifiable information (e.g., click stream information, browser type, time and date, subject of advertisements clicked or scrolled over) during your visits to this and other Web sites in order to provide advertisements about goods and services likely to be of greater interest to you. These companies typically use a cookie or third party web beacon to collect this information. To learn more about this behavioral advertising practice or to opt-out of this type of advertising, you can visit http://www.networkadvertising.org.
Powered By MyBB, © 2002-2024 MyBB Group.