[quote=sdrealtor]Under your model, most would be 10 years into their careers before they could qualify to buy a home.
The reality is all your taxpaying minions are barely paying any taxes while these guys are writing checks to Uncle Sam in excess of $100,000 every year…[/quote]
First of all, I don’t have a “model.” I’m not in the lending business. However I WOULD like to see the government exit the lending business. They have mucked up the works so bad that it can never be fixed until they’re gone.
If your “professional’s” high-interest student loan debt is so “massive,” then why are they trying to buy homes while carrying it? If they didn’t try to buy homes, they could pay it off in less than a year, no?
Why should “We the People” CARE how long it takes for these “indebted” new professionals to purchase a home? Didn’t they make the choice to take on this “massive,” often government-backed debt while in college to stay in college in order to get an advanced degree while the minions and worker bees got out, went to work and began paying taxes? Why didn’t they think about the ramifications of this debt then, that is, what mortgaging their futures would do to their future plans to buy a home and raise a family?
I don’t feel sorry for any of these “professionals” OR their inability to save for a downpayment for a home on a “mid 6 figure income.”
I have counseled my children NOT to take out student loans and none of them ever have or will. I don’t believe in them.
