How do we short the coming student loan market collapse /biz?
We all know the FED will raise interest rates soon and the college kiddies can't make enough working at mcdonalds to pay it back so that will mean massive defaults.
The next 2008 is right around the corner.
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$NAVI
Doesn't have much value. The stock is almost worthless now as it is.
Aren't student loans federal anyway? Wouldn't shorting bonds be better?
You obviously have no idea what you're doing brother.
I know tell me what to do bro. I need to get rich quick.
Suggesting we short the stock?
Probably sugesting to buy it. Because navi is a debt collection agency. The more people default the more their business booms.
where are the socialist now????
HURRR DURR WE NEED COLLEGE SUBSIDES!!!
> government backs cash for every idiot to go to college
HURR DURR the hypocritical liberal anti-capitalism colleges keep raising tuition.
HURR DURRRRRRR
It's like we never learn that debt should never be given to fucking retards. Irrational government backed money always leads to this shit.
Let me guess?
HUURRRR DURR
we need free college now, more government money will fix it!
the never ending cycle of insanity is amazing
The thing is we are financing it the wrong way. Do we pay for elementary, middle and high school by subsidizing loans? No. Pay for higher education the same way.
Also, nobody is asking for "free" college. We know the money comes from our taxes. We are asking for "free college" in the same way we already have "free roads" and "free military".
I think the problem is that the cost of tuition is absurdly high and the ones lending the money for tuition are expecting it to be paid back far too quickly.
this
>and the ones lending the money for tuition are expecting it to be paid back far too quickly.
This is the real problem right here. If people didn't have to start re-payments for 10 years this problem would be non-existent.
So you'd rather pay 10% higher taxes the rest of your life, then pay back your tuition?
it's like your completely retarded to see the root cause of this mess. (the government)
well why is it too high?
could it be because morons can get cheap easy money that is backed by the taxpayers?
All the while college cronies tell idiot kids that all their hopes and dreams will come true after college.
More of the problem is not going to fix it.
There is nothing to short. The federal government will continue to get cucked with lifelong repayment options and all the private lenders aren't publicly traded
Do you feel the same way about public high schools?
What about starting a fake online protest movement that encourages students not to pay back their loans? If it rapidly caught on, how could you make money from the side effects?
Can some friendly americans explain to me how student loans work in US? interest, when do you start repaying and under what conditions? in UK it takes 9% over £21k of your earnings so it wont impoverish you
>So you'd rather pay 10% higher taxes the rest of your life, then pay back your tuition?
Where did this even come from? What a jump. lol dude, that's some fantasy you've got cooked up in your head there.
Yes, if high schools were unregulated for profit institutions, they would be way better than our current highly expensive high-school system that is just barley better than our prison system.
Technically the public school system is a prison system because all it produces is future criminals.
Most of the students end up commiting felonies before they even graduate.
>just barley better than our prison system
You don't have to worry about that. If there aren't serious improvements to the job market and soon everyone will be forced to default.
The government can keep those bad loans on the books if they want but it wont matter because they will never ever be paid. Eventually some company or the government itself will have to absorb the loss.
Sorry, I was being conservative, i should have said ~17% higher taxes
bbc.com
These tax rates apply to single people with no children, on an average salary for their country.
Belgium- 42.80%
Germany - 39.90%
Denmark - 38.90%
Hungary- 35%
Austria -34%
Greece - 25.4%
OECD Average - 25.10%
UK - 24.90%
USA - 22.70%
New Zealand - 16.40%
Israel - 15.50%
Korea - 13%
Mexico -9.50%
Chile - 7%
>just barley
>barley
Slide posts.
>i should have said ~17% higher taxes
Ok even so, why 17%? You are literally pulling that number out of thin air.
We have the money to pay for it, we just need to shift our priorities. Example (attn.com
>In 2015, military expenditures accounted for about 54 percent of our discretionary spending, according to The National Priorities Project. In contrast, education accounted for only six percent of the budget.
This is a sound investment that will continue to pay dividends for years and years to come
>For every dollar invested in early childhood education programs, society benefits to the tune of $8.60
See, the joke is that you think there is a collapse coming.
These students have debt that cant be discharged. They literally have it forever. And most of the loans are federally guaranteed.
There is no short, because there wont be a collapse.
To win, you start buying lower end housing, to rent to these students, because they will never be able to afford to buy a house. They will be renting an apartment or small house forever due to having to service their student loan debt.
>To win, you start buying lower end housing, to rent to these students, because they will never be able to afford to buy a house. They will be renting an apartment or small house forever due to having to service their student loan debt.
Very true.
Honestly, I retract my words.
I think student loans are great because it keeps stupid people shackled in debt where they belong.
slaves
> 400 a month
> 900 a month
Think of those that have child support...
Why do people like you want free shit and then right around to complain about your taxes?
What form of retard is this?
Please read my other posts. There is no need to raise taxes to pay for higher education..
Guys i know you want to talk about why everything is such a mess but the thread topic is about finding ways to short the mess.
Short the s&p 500
The next generation of "gimmie dat now"
(this guy and all of his Bernie Sanders friends)
are going to be a huge economic burden when everyone has to pay for their free women studies degrees
You really are an ignorant fool. Why don't you try learning something new instead of just being a shitposter?
This is easy.
You attend Uni in a place with a "free" educational system paid for by taxes. Get that degree and experience, then move to a place with lower/no taxes.
Unlike a student loan, that shit doens't follow you when you move out of the jurisdiction.
If I take out a 100k loan I still have to pay that shit back even if I'm in Singapore.
Arent student loans pretty much with you for life, as in they will garnish wages and shit like that to get it back and you cant just get out of them with bankruptcy? Most of those non STEM with 100k$ debt are pretty much indentured servants at this point.
landlording is an ugly and messy business, particularly to poor people. I'd much rather own farmland or pastures and rent to multinational conglomerates; they're more likely to pay, and pay on time.