Student loans are federally guaranteed and no bankruptcy wipe. No cosigner needed.
I ask because the greatest source of hereditary wealth among middle class has been home ownership. Between Boomers going YOLO and doing reverse mortgages, how does co-signing loans factor in?https://twitter.com/Cernovich/status/1163906564094173185 …
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if i was a boomer, id move outta my mcmansion and settle in an apartment or a ranch house and spend the rest on a MIDENGINE 2020 CORVETTE
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Boomers will have even bigger issues once long term/assisted/home care hits them and/or their aging parents. Much of this is not covered by Medicare. And Assets (non home) must be drained for Medicaid to kick in. $5-10k/month will go quickly. Boomers will sell their homes for $
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I did a forward mortgage one time. Yolo brofo
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We had frank convos w/our kids. Go to a sch that provides good scholarship, look for careers that provides the std of lvg you want. No loans that can't be pd quickly. Son codes, owns his own home w/15yr loan, he's 26, no std loans,D24, 3L, no loans, big law offer.
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I got lucky to buy in Silicon Valley right after the crash in 2009, only reason im able to own. Everyone in their 20s here are screwed, can't even live in an apartment alone.
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I bought my kids property and paid for their collage. The next generation should always do better than the prior one. That way they can embrace opportunities our generation couldn’t.
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Replace college tuition with degree apprenticeships
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