General Discussion

Egalitarian Thug

(12,448 posts)

5. Which he clearly cannot. Of course, it is also true that he should never

Sun Dec 1, 2013, 10:52 AM

Dec 2013

have been allowed to take on half a million in debt, but was in order for the rich keep getting richer instead of paying the consequences for their actions over the preceding decade or two.

Even in the good times his household income didn't break 6 figures and he has two kids as well. A half million dollar loan makes no sense at all except when you know that you will not hold any risk when the inevitable happens. He was one of the millions of suckers that were conned out of their life's work.

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NYT: Life on $7.25 an Hour [View all] marmar Dec 2013 OP

Made better.... daleanime Dec 2013 #1

It says he is making $43,000/yr penultimate Dec 2013 #17

I am referring to the cut in hours that many minum wage workers are getting... daleanime Dec 2013 #34

The NYT article linked at the OP sweetapogee Dec 2013 #41

He has a house purchased for half a million. LisaL Dec 2013 #2

Read further, he's trying to. smokey nj Dec 2013 #3

In 2003 $500,000 bought a modest... meaculpa2011 Dec 2013 #4

Which he clearly cannot. Of course, it is also true that he should never Egalitarian Thug Dec 2013 #5

When houses were going up in value by $25,000 to $100,000 a year or more.... Tom Rinaldo Dec 2013 #22

You've perfectly described the desired perception of the game. Egalitarian Thug Dec 2013 #29

Very True Tom Rinaldo Dec 2013 #37

That clearly misses the point, though yes he probably is forced to sell it Tom Rinaldo Dec 2013 #6

For 500 k, one can buy a great house in other states. LisaL Dec 2013 #7

It would probably buy a palace LiberalElite Dec 2013 #8

If I were him, I'd sell the house and move. LisaL Dec 2013 #9

Read further - he's trying to. smokey nj Dec 2013 #10

Ever sold a house? I never have, but I've been around people selling their homes penultimate Dec 2013 #15

Yes, a very cheap one and at a loss. LisaL Dec 2013 #16

Selling his house at too much of a loss might put him in an even worse situation. penultimate Dec 2013 #25

Well, excuse me. LisaL Dec 2013 #27

And he may eventually come to a similar conclusion, or maybe he won't penultimate Dec 2013 #31

Yes, I just put up a For Sale sign in the front yard, and three others nearby. Coyotl Dec 2013 #20

Do you work in reality or take courses for it? penultimate Dec 2013 #23

Neither. I just did it. No books. I just read contracts online and edited to my need. Coyotl Dec 2013 #39

Maybe some day you WILL be him. johnp3907 Dec 2013 #43

what makes you think he's getting offers for 500K? the market tanked 4- 5 years ago and there bettyellen Dec 2013 #24

and what do pizza delivery guys make in the boonies? bettyellen Dec 2013 #26

you don't understand NYC real estate. and seem to begrudge him the house. bettyellen Dec 2013 #19

Rather clearly he can't afford it. LisaL Dec 2013 #28

And you clearly couldn't afford one 1/5 of the value. Did you work 80 hours trying to keep it? bettyellen Dec 2013 #32

It's not about me, is it? Even if minimal wage is increased, I very much doubt it will be increased LisaL Dec 2013 #33

when he bought the house he and his wife had better jobs. he is old and trying to sell but bettyellen Dec 2013 #36

When NYT publishes an article about me, we can discuss my house. LisaL Dec 2013 #38

we can discus your house because you brought it up for comparison, LOL. bettyellen Dec 2013 #40

Again, I don't want him to do anything. I don't know the guy. LisaL Dec 2013 #44

you suggested he sell his house and move. your message - suck it up- was received. bettyellen Dec 2013 #47

I am discussing his situation on a message board. LisaL Dec 2013 #48

This message was self-deleted by its author duffyduff Dec 2013 #42

You want him to sell his house at a loss? abelenkpe Dec 2013 #35

No, I don't want him to sell house at a loss. LisaL Dec 2013 #45

Can someone help me make sense of the work hours in the article.? dixiegrrrrl Dec 2013 #11

It could be that he doesn't necessarily work the same shift every day. n/t proReality Dec 2013 #13

I believe his weekday and weekend work schedule are different, Agony Dec 2013 #14

"inserting the trope of the 1 percent into the national conversation" Agony Dec 2013 #12

If they are going to do a story about those trying to survive on $7.25 an hour Revanchist Dec 2013 #18

it is about fast food workers in NYC- and 1/3- 1/2 of them work second jobs, and many used to bettyellen Dec 2013 #21

It doesn't matter what state you live in dem in texas Dec 2013 #30

du rec. xchrom Dec 2013 #46