Southwest Airliner Hit by Gunfire in Dallas 11/15/24

flyingcheesehead said:
The concept itself isn't the problem, it's the fact that there are no limits.
Click to expand...

flyingcheesehead said:
I guess whatever the system, somebody will abuse it.
Click to expand...

It’s the learning institutions themselves who are abusing the system. They’ve come to realize that students and families will take out a loan for whatever it costs to go to the school of their choice. IMHO that’s the biggest reason tuition has far outpaces inflation and cost of living. They know the well of money is deep due to loans.

This is the same reason a mid-level Ford XLT pickup now costs $65k. The manufacturers realize their customer base will do whatever it takes to get the truck they want, including taking out an 8yr note at 7%. Common folks are killing their financial futures by buying these expensive vehicles.
 
flyingcheesehead said:
…I hope they've more than doubled their income in 21 years, because inflation takes less than half of that time to cut the value of those dollars in half.
Click to expand...
That’s not quite the case, though. The Minneapolis Fed has a great tool to compare inflation adjusted values.

My first year post-college was 1986 and I made $40,200 gross that year; in today’s dollars that would be $85K.

That exact same job today pays $95K a year starting out. The cost of a gallon of gas in 1996 was $1.09/gal, adjust for inflation it’s $2.40. Gas Buddy says a gallon of gas is about $2.40 today.

7a0474ccb7490a51ec301c47565a7057.jpg


In 1996, the average new home price was $166,400; inflation adjusted that’s $332,335. Today an average new home price is $501K. In 1996 dollars, the new house was 4x my starting income. Today, it’s 5.2x.

Since 1996, my income has outpaced inflation as a whole. Sure, 2021-2023 sucked, but as a whole, more dollars today results in exceeding the impact of inflation. And that doesn’t even accounting for my wife’s income, which has grown at an even higher level considering she tool a decade and a half off to raise our kids.

Where the math stops working is for fixed incomes scenarios, and a 24 year old today shouldn’t be on a fixed income for life.
 
What a thread drift. From a bullets hitting a plane, to student loans in x posts.
 
tspear said:
Why the assumption that domestic or home grown are somehow safer or better?

Tim
Click to expand...
He didn't, you did.

He just said he wouldn't be surprised if. He could be just as surprised if it was domestic folks, he just didn't write it.
 
Cloudhound said:
He didn't, you did.

He just said he wouldn't be surprised if. He could be just as surprised if it was domestic folks, he just didn't write it.
Click to expand...

Heavily implied by the use of the word foreign. If the assumption was as you state, the original statement would have been about gangs in the area and not included the word foreign.

Tim
 
tspear said:
Heavily implied by the use of the word foreign. If the assumption was as you state, the original statement would have been about gangs in the area and not included the word foreign.

Tim
Click to expand...
Meh. You're overthinking my post. You also failed to understand the implications of the stuff I said after that.
 
Last edited:
You must log in or register to reply here.
Back
Top