Once poor, always poor?

Re:Once poor, always poor? by 999900000999 on Tuesday December 28, 2021 @01:45AM (#29711146)

Back in a distant time, even in LA you could find an apartment for 600$.

Add in loans and it wasn't really hard. This is why I'm actually a defender of student loans, used correctly their the best thing ever.

At 18 you can do dozens of life destroying stupid things. You can have a kid you can't afford, drive drunk , etc. Taking out a loan for school isn't going to hurt even if it doesn't work out

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Re:Once poor, always poor? by Dracophoenix on Tuesday December 28, 2021 @05:55AM (#29712431)

Loans don't help with credit checks, background checks, and the now-common reluctance to renting apartments out to undergrads. I don't know how little paperwork and difficulty existed during the hallowed '90s, but I doubt those circumstances could be replicated for an 18 year old wanting to escape his family today without going homeless.

Let's not forget that government-backed loans will require information regarding parental income and assets unless you file as "Independent", a status with its own restrictions on well may apply.

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Re:Once poor, always poor? by 999900000999 on Tuesday December 28, 2021 @09:01AM (#29713825)

I'm not that old, you could get an apartment in LA for $600 just 10 years ago.

I was also working full time too, a good chunk of the time anyway, so that helped. You could seriously figure it out 10 years ago

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