I guess I’m not really smart enough for this topic…Im a retired plumber …my kids now run the company…I bought the company from my dad, the plumber…I leanred early in life that plumbers always work, and that plumbers live in nice houses…I pay my bills - all of them…bought a nice house in the San Fernando Valley area of LA in 1990 for about 300K…today, thru no skill of my own, they say thru comps on my street it’s worth 3 million…should any next buyer have that price “eliminated” because the LA housing market is insane?
We were commercial plumbers - large housing tracts and big buildings…in this line, you meet a lot of contractors…more than one guy I know who couldn’t go to a traditional bank borrowed money from those in the cement business to get his 75K cement truck. Do you know who runs the cement business in Los Angeles? The way I see it, these students are lucky they borrowed from banks…Lou down at the union hall and his buddies in the trades that sometimes make these loans don’t do “loan forgiveness…”
not sure why just being a stand up person and paying your bills is such a controversial topic…that’s it - im back to the golf talk