Interesting Real Estate Increases

[Descant]

Good points, Joey.
But I'm looking at your restaurant owner who "did well" and saved for retirement. Then the government says you can only serve 6 tables. You need 12 to break even and if you can fill 24, you'll make some money. When you cash in some investment to stay afloat or to buy outdoor serving equipment, you (add insult to injury) get nicked for taxes on the capital gain. What's the work around here?
To me, these folks need more help than "forgiving" college loans. I remember when people "worked their way" through college or other school, no loans.

[joey2665]

Originally Posted by Descant

Good points, Joey.

But I'm looking at your restaurant owner who "did well" and saved for retirement. Then the government says you can only serve 6 tables. You need 12 to break even and if you can fill 24, you'll make some money. When you cash in some investment to stay afloat or to buy outdoor serving equipment, you (add insult to injury) get nicked for taxes on the capital gain. What's the work around here?

To me, these folks need more help than "forgiving" college loans. I remember when people "worked their way" through college or other school, no loans.

I absolutely agree. There are many things on the list, first and foremost helping the small businesses that where hot the hardest before student loan debt is forgiven.

Sent from my iPhone using Winnipesaukee Forum mobile app

[FlyingScot]

Originally Posted by Descant

I remember when people "worked their way" through college or other school, no loans.

Then you must also remember when paying for college was "easy". The cost has absolutely skyrocketed over the past 30 years or so. It is no longer possible for anybody to work their way through school in four years. Here's a piece from Forbes--8X the rate of inflation!

This is not the kids' fault.

https://www.forbes.com/sites/camilom...h=c710e4266c1d

[upthesaukee]

Originally Posted by FlyingScot

Then you must also remember when paying for college was "easy". The cost has absolutely skyrocketed over the past 30 years or so. It is no longer possible for anybody to work their way through school in four years. Here's a piece from Forbes--8X the rate of inflation!

This is not the kids' fault.

https://www.forbes.com/sites/camilom...h=c710e4266c1d

A personal perspective for me: my folks spent just over $8000 tuition/ R&B at Macalester College in St Paul MN for the 1964-65 school year.

For 2019 , tuition was $58, 0000+ and R&B was $13, 000+, total cost in excess of $71k!

Yikes

Dave

[Descant]

Originally Posted by FlyingScot

Then you must also remember when paying for college was "easy". The cost has absolutely skyrocketed over the past 30 years or so. It is no longer possible for anybody to work their way through school in four years. Here's a piece from Forbes--8X the rate of inflation!

This is not the kids' fault.

https://www.forbes.com/sites/camilom...h=c710e4266c1d

As more and more grants, financial plans, scholarships, etc became available, the colleges raised their tuition and fees to keep pace with available funds. Another irony to me is fund raising. The private college I attended receives financial support from around 50% of alumni. Last time I looked at UNH, their rate was about 8-10%, with ~42 paid staff in the development department.

[FlyingScot]

Originally Posted by Descant

As more and more grants, financial plans, scholarships, etc became available, the colleges raised their tuition and fees to keep pace with available funds. Another irony to me is fund raising. The private college I attended receives financial support from around 50% of alumni. Last time I looked at UNH, their rate was about 8-10%, with ~42 paid staff in the development department.

I agree that the fault is largely with the colleges. An irony for you in return--as the financial support has grown, college has become less affordable in total.