$400K is now middle class
(media.kotakuinaction2.win)
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Is he basing this on a national average? Or a place where COL is extremely high, like a coastal city?
He's basing it on something someone told him. There's no source, no research, no confirmation.
Millennials and zoomers are half fucked because they won't fucking try anything. They won't look up housing incentives offered by various states and cities to cover a down payment. They bitch about debt, without understanding the difference between good debt and bad debt and refuse to be educated on the subject.
Did the boomers fuck us? Sure, but these people won't even try to unfuck themselves. They demand the government do it for them.
Explain to me how me owing money to someone else is a good thing.
Not just interest -- if I take out a loan to start or expand a business and the money I make from that business/investment pays off more than the interest I'm paying, it's good debt.
Taking out a $5000 loan to get a commuting vehicle so that I can get myself to work is arguably good debt.
Taking out $300k worth of loans so I can party for 5 years at college and "earn" a bullshit studies degree is bad debt. Taking out a $35000 loan so that I can buy a brand new car is bad debt. Racking up credit card debt to buy a big TV or the latest iPhone or some other disposable electronics device is bad debt.