Hear about how much debt everyone in the US has all the time, curious about some of your stories!

My bad debt is 10k left on a school loan from a for profit school that is now out of business.

Only other debt is house.

So how are you all doing with debt management?

  • foggy@lemmy.world
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    1 year ago

    Fuckin debt free 😎

    Own my car 😎

    College educated 😎

    Gainfully employed 😎

    Making more than the average household in my state, solo 😎

    So is my gf 😎

    Still cannot afford a house 😢

    • Shambling Shapes@lemmy.one
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      1 year ago

      Same, but without the SO to help.

      New head canon, this is a government conspiracy to push polygamy. I will need at least two wives and three husbands to afford a house.

      • foggy@lemmy.world
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        1 year ago

        I looked at a 400k home that literally had standing water in the basement at the time of the showing.

        That would cost me and my gf a solid ~4k/month for 30 years with a 20% down payment.

        Bank profits over $1M

        • ericbomb@lemmy.worldOP
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          1 year ago

          If it’s not murder house in middle of nowhere, it’s out of budget.

          Like tiny homes are becoming a thing… but like smallest legal home lots are 250k in most cities. Feels like middle of nowhere is only place to be.

      • foggy@lemmy.world
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        1 year ago

        The American Dream is dead.

        The American Caste System is based on land ownership.

      • foggy@lemmy.world
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        1 year ago

        Oh, I “can”. I just know that $4000/mo is not what we can “afford”. We’d sooner squeeze into her apartment for $1000/mo and not be responsible for anything.

        I mentioned in this thread somewhere that I believe we’re in for another 2008 collapse. If I cannot afford a mortgage who the fuck is signing those papers? Same uneducated buyers and predatory lenders as in 2003-2008. I predict a collapse starting this time next year based on I’m high and I just woke up.