1 00:00:04,879 --> 00:00:05,599 Speaker 1: What's going on. 2 00:00:05,759 --> 00:00:08,119 Speaker 2: Thank you so much for listening to this podcast. It 3 00:00:08,240 --> 00:00:10,080 is heard live every day from noon to three on 4 00:00:10,240 --> 00:00:13,839 WBT Radio in Charlotte. And if you want exclusive content 5 00:00:14,000 --> 00:00:17,160 like invitations to events, the weekly live stream, my daily 6 00:00:17,199 --> 00:00:19,480 show prep with all the links, become a patron, go 7 00:00:19,559 --> 00:00:23,399 to dpeakclendershow dot com. Make sure you hit the subscribe button. 8 00:00:23,440 --> 00:00:26,359 Get every episode for free right to your smartphone or tablet, 9 00:00:26,359 --> 00:00:29,600 And again, thank you so much for your support. It 10 00:00:29,679 --> 00:00:32,119 is Tuesday, It's twelve noon, and that means we chat 11 00:00:32,159 --> 00:00:34,640 with our pal Andrew Dunn. He is the publisher of 12 00:00:34,640 --> 00:00:39,679 long Leaf Politics longleafpol dot com and a contributing columnist 13 00:00:39,719 --> 00:00:40,679 to The Charlotte Observer. 14 00:00:40,799 --> 00:00:42,039 Speaker 1: Andrew, how are you doing, sir? 15 00:00:43,320 --> 00:00:45,439 Speaker 3: Oh, I'm doing all right. Thanks for having me on 16 00:00:45,479 --> 00:00:45,840 the show. 17 00:00:45,960 --> 00:00:50,520 Speaker 2: Oh sure, we'd love to chat about the Twitter addie 18 00:00:50,640 --> 00:00:56,320 dust up over doctors. I saw this percolating over I 19 00:00:56,320 --> 00:00:58,759 guess it was over the weekend. I first started seeing 20 00:00:58,799 --> 00:01:02,600 this stuff in the feeds, and you wrote about this 21 00:01:02,920 --> 00:01:07,040 a couple of days ago, and I got to be honest, like, 22 00:01:07,280 --> 00:01:11,680 I went through the I watched the video that the 23 00:01:11,760 --> 00:01:14,560 lawmaker put out that you reference in the piece and 24 00:01:15,120 --> 00:01:18,480 his explanation seemed reasonable, and then I went and read 25 00:01:18,560 --> 00:01:21,040 the bill and it seemed like it's not doing the 26 00:01:21,120 --> 00:01:23,959 thing that everybody is accusing the bill of doing. 27 00:01:24,480 --> 00:01:26,640 Speaker 1: So give people an idea. 28 00:01:26,719 --> 00:01:31,280 Speaker 2: First off, what is this doctor bill that has now 29 00:01:31,359 --> 00:01:34,719 prompted outrage online? 30 00:01:35,079 --> 00:01:38,280 Speaker 3: Yeah, I'll try to give you the short rundown. I mean, basically, 31 00:01:38,359 --> 00:01:42,239 six eight weeks ago, the General Assembly passed a law unanimously, 32 00:01:42,400 --> 00:01:45,040 you know, not a single vote against it aimed at 33 00:01:45,040 --> 00:01:48,280 trying to get more doctors to North Carolina, particularly in 34 00:01:48,400 --> 00:01:53,239 rural areas. And one of the ways is through interstate compacts. Basically, 35 00:01:53,319 --> 00:01:57,879 of your licensed doctor in another state, it's easier now 36 00:01:57,959 --> 00:02:02,079 to refer you to practice inrth Carolina. Now, the other one, 37 00:02:02,159 --> 00:02:06,239 you know that that's fairly innocuous, and nobody's really talked 38 00:02:06,359 --> 00:02:07,040 about that. 39 00:02:07,000 --> 00:02:08,520 Speaker 2: No, And it seems like that should have been done 40 00:02:08,560 --> 00:02:11,560 a long time ago, Like that's just like that would 41 00:02:11,599 --> 00:02:14,479 have been a fix that should have been done decades ago. 42 00:02:14,520 --> 00:02:17,479 Speaker 3: But anyway, yeah, yeah, you would, you would think so. 43 00:02:17,680 --> 00:02:21,560 But you know, either way, it's done now. Good second 44 00:02:21,599 --> 00:02:26,520 way is to create a slightly easier pathway for doctors 45 00:02:26,560 --> 00:02:30,039 who went to medical school and have practiced in other 46 00:02:30,080 --> 00:02:33,680 countries to come to the United States and specifically North 47 00:02:33,680 --> 00:02:37,719 Carolina to practice. I mean, there's always been some ways 48 00:02:37,759 --> 00:02:41,280 for you know, doctors to immigrate to the United States 49 00:02:41,319 --> 00:02:44,680 and begin to practice. Eventually, this shortened the timeframe a 50 00:02:44,719 --> 00:02:49,439 little bit in certain circumstances, and the reaction to this 51 00:02:49,599 --> 00:02:54,240 has just been over the top in my view. Some 52 00:02:54,280 --> 00:02:57,240 of the folks online will have you believe that, you know, 53 00:02:57,280 --> 00:03:00,319 North Carolina is just going to go overseas and you know, 54 00:03:00,479 --> 00:03:04,599 scoop up random people who got a paper degree from 55 00:03:04,639 --> 00:03:07,639 a diploma mill and sit them right in hospitals. But 56 00:03:08,120 --> 00:03:10,400 you know, how I read the bill, how the law 57 00:03:10,680 --> 00:03:14,240 actually reads, does not create that at all. 58 00:03:15,240 --> 00:03:18,560 Speaker 2: Yeah, I mean some of the stipulations here that the 59 00:03:19,319 --> 00:03:23,360 International Pathway. In order to qualify, a doctor has to 60 00:03:23,360 --> 00:03:26,240 have a full time job offer in a North Carolina 61 00:03:26,319 --> 00:03:31,360 hospital or clinic with an on site North Carolina licensed 62 00:03:31,599 --> 00:03:37,080 supervising physician. They have to be in good standing with 63 00:03:37,199 --> 00:03:40,080 a foreign medical license. They have to have one hundred 64 00:03:40,080 --> 00:03:44,400 and thirty weeks of recognized medical education from a designated school, 65 00:03:45,080 --> 00:03:48,199 have either two years of accredited post grad training or 66 00:03:48,240 --> 00:03:53,280 ten years of active practice, prove clinical competency through recognized 67 00:03:53,319 --> 00:03:57,919 exams and pass background checks, be proficient in English, and 68 00:03:58,000 --> 00:04:03,039 have legal work authorization like that seems like that seems 69 00:04:03,039 --> 00:04:05,599 pretty solid to me. Like, yeah, if we want to 70 00:04:05,639 --> 00:04:10,039 get some doctor from Britain or France or somewhere, like yeah, 71 00:04:10,280 --> 00:04:12,439 like we should be able to get somebody as long 72 00:04:12,479 --> 00:04:15,919 as they meet this criteria. And this is a like 73 00:04:15,960 --> 00:04:20,399 this is a short term fix, because you mentioned this 74 00:04:20,480 --> 00:04:25,160 in the in your piece at the Observer that like, yes, 75 00:04:25,240 --> 00:04:28,439 we can do things to increase the ranks of the 76 00:04:28,519 --> 00:04:31,439 doctors for the long term, but that doesn't solve the 77 00:04:31,480 --> 00:04:34,120 problem of a short staffed clinic right now. 78 00:04:35,839 --> 00:04:39,199 Speaker 3: That's exactly right. And you know doctor Grant Campbell, who's 79 00:04:39,399 --> 00:04:41,240 in the General Assembly and has been one of the 80 00:04:41,319 --> 00:04:44,399 leading voices on this bill. You know, he's also working 81 00:04:44,480 --> 00:04:48,240 on things like getting more slots in medical schools, getting 82 00:04:48,279 --> 00:04:51,959 more residency slots and all. That's great, And honestly, I 83 00:04:52,000 --> 00:04:54,360 wish we had been working on this years ago, but 84 00:04:55,000 --> 00:04:57,439 I'm glad we're doing it now. But anyway, even if 85 00:04:57,480 --> 00:05:00,519 all that were to go into effect immediately, it doesn't 86 00:05:00,519 --> 00:05:02,600 solve the short term problem. 87 00:05:03,160 --> 00:05:05,040 Speaker 2: Yeah, because it takes a while for a doctor to 88 00:05:05,040 --> 00:05:05,759 become a doctor. 89 00:05:06,160 --> 00:05:07,759 Speaker 1: Rightly, you can. 90 00:05:07,680 --> 00:05:11,319 Speaker 2: Increase the slots in the medical schools, but they still 91 00:05:11,319 --> 00:05:14,000 have to go through the medical school, do the residency. 92 00:05:14,240 --> 00:05:16,279 They got to go through all of that year's long 93 00:05:16,360 --> 00:05:20,920 process before they can ever get a job at a clinic. 94 00:05:21,040 --> 00:05:24,639 So this seems like a reasonable way to get people 95 00:05:24,720 --> 00:05:27,639 who are doctors in other countries and meet all of 96 00:05:27,680 --> 00:05:31,040 the other criteria and get screened that they then would 97 00:05:31,040 --> 00:05:33,600 be able to practice in the short term. 98 00:05:33,639 --> 00:05:34,319 Speaker 1: It just makes sense. 99 00:05:34,360 --> 00:05:38,439 Speaker 2: And you actually talked with Grant Campbell, who's from Caberis County, 100 00:05:39,079 --> 00:05:41,639 and I thought this was pretty sad, he says. I 101 00:05:41,680 --> 00:05:44,439 wish I had never even touched it at this point 102 00:05:45,000 --> 00:05:48,639 because of all of the abuse that he has been 103 00:05:48,680 --> 00:05:49,319 subjected to. 104 00:05:49,439 --> 00:05:51,319 Speaker 1: And I've seen that. 105 00:05:52,480 --> 00:05:54,360 Speaker 2: I wasn't aware until I read your piece that this 106 00:05:54,360 --> 00:05:58,160 thing was approved unanimously. So what is every single member 107 00:05:58,720 --> 00:06:03,120 of the legislature rhino or something or I guess they're 108 00:06:03,120 --> 00:06:05,639 accusing Campbell of whying to everybody about it. 109 00:06:07,040 --> 00:06:09,199 Speaker 3: Yeah, I mean that's what they're saying. And I don't 110 00:06:09,199 --> 00:06:14,279 want to overstate how I don't think the opposition has 111 00:06:14,279 --> 00:06:18,360 been as broad as it might seem online. I'm sure 112 00:06:18,439 --> 00:06:20,920 you know you're aware of this. You know, when the 113 00:06:20,920 --> 00:06:24,839 bots get involved, it can quickly start to feel overwhelming, 114 00:06:24,839 --> 00:06:28,240 when really it's only you know, one to two or 115 00:06:28,279 --> 00:06:31,639 three people who are really driving all the activity. But 116 00:06:31,800 --> 00:06:34,920 you know, to me, the bigger issue isn't isn't about 117 00:06:34,959 --> 00:06:37,160 this one particular bill, And I don't want to be, 118 00:06:37,439 --> 00:06:39,160 you know, the public face of this bill. I'm not 119 00:06:39,240 --> 00:06:42,160 a doctor like I'm sure there are probably ways to 120 00:06:42,240 --> 00:06:46,319 improve it. I'm not smart enough to say what those are, 121 00:06:46,319 --> 00:06:49,279 but I'm sure the General Assembly will work on that. 122 00:06:49,319 --> 00:06:53,319 To me, the bigger issue is around the immigration issue 123 00:06:53,360 --> 00:06:56,600 in general. You know, I think over the past year, 124 00:06:57,000 --> 00:07:00,199 America has done the right thing in really focusing on 125 00:07:00,360 --> 00:07:04,600 curbing illegal immigration. But I worry that as a country 126 00:07:04,800 --> 00:07:07,680 we're starting to take things a little bit too far 127 00:07:08,360 --> 00:07:12,199 and not recognizing that. You know, there used to be 128 00:07:12,199 --> 00:07:15,399 a consensus that immigration in general is a good thing 129 00:07:15,560 --> 00:07:18,680 and that we want the United States to be a 130 00:07:18,720 --> 00:07:21,959 magnet for the best and brightest from around the world, 131 00:07:22,000 --> 00:07:24,920 and I worry that we're losing that and this could 132 00:07:24,959 --> 00:07:25,920 be a symptom of that. 133 00:07:26,279 --> 00:07:28,439 Speaker 2: Yeah, it's possible. I've been saying that too, and I 134 00:07:28,560 --> 00:07:32,279 hear from you know, listeners and emailers and you know. 135 00:07:32,199 --> 00:07:33,079 Speaker 1: People online too. 136 00:07:33,399 --> 00:07:37,519 Speaker 2: There definitely has been that kind of a backlash to say, 137 00:07:37,680 --> 00:07:40,040 you know, set it to zero, no more, We're not 138 00:07:40,079 --> 00:07:41,160 taking anybody else in. 139 00:07:41,360 --> 00:07:42,600 Speaker 1: And my view has always been. 140 00:07:42,439 --> 00:07:44,399 Speaker 2: With you just articulated, which is that I want the 141 00:07:44,439 --> 00:07:46,480 best and the brightest on the planet to come here 142 00:07:46,879 --> 00:07:49,680 because they they love the idea of being able to 143 00:07:50,519 --> 00:07:54,759 do what they want under our ordered liberty, and. 144 00:07:54,959 --> 00:07:56,000 Speaker 1: They can take advantage of that. 145 00:07:56,040 --> 00:07:58,120 Speaker 2: And then we get we get to yield the fruits 146 00:07:58,120 --> 00:08:00,439 of their labor as well, we get the path, we 147 00:08:00,519 --> 00:08:03,360 get the R and D, we get those productive members 148 00:08:03,399 --> 00:08:07,160 of society. So, yeah, I do wonder, Yeah, I do 149 00:08:07,279 --> 00:08:10,879 share that concern of yours. But also I understand why 150 00:08:10,879 --> 00:08:13,199 people are like, don't take anybody else in, because you know, 151 00:08:13,360 --> 00:08:16,560 housing is unaffordable. You know, AI is going to put 152 00:08:16,560 --> 00:08:19,360 everybody out of work, and so there are these other 153 00:08:19,439 --> 00:08:23,240 pressures that are also part of this conversation. And this 154 00:08:23,279 --> 00:08:26,920 gets to another piece that you write about. This is 155 00:08:27,000 --> 00:08:31,439 the graph that went viral which shows that the share 156 00:08:31,480 --> 00:08:35,120 of thirty year olds in the US who are both 157 00:08:35,399 --> 00:08:41,360 married and homeowners has declined. A majority of young people 158 00:08:41,679 --> 00:08:44,759 fell into that category. Half a century ago, but today 159 00:08:45,000 --> 00:08:50,360 it's only like ten percent being thirty and married and 160 00:08:50,440 --> 00:08:53,799 having a home, and that is that is not a 161 00:08:53,840 --> 00:08:54,440 good trend. 162 00:08:54,480 --> 00:08:56,159 Speaker 1: That is not sustainable, right. 163 00:08:57,960 --> 00:09:00,320 Speaker 3: That's exactly right. Yeah, I mean fifty years in the 164 00:09:00,399 --> 00:09:04,159 nineteen seventies, you know, having checked all those boxes was 165 00:09:04,200 --> 00:09:07,960 by far the most common scenario for a thirty year old, 166 00:09:07,960 --> 00:09:10,679 and now it's one of the least common. And you know, 167 00:09:11,080 --> 00:09:14,360 there's so many reasons why this is happening, you know, 168 00:09:14,440 --> 00:09:19,000 both cultural and economic, you know, and it's only going 169 00:09:19,000 --> 00:09:21,399 to get worse as we go For as we go forward, 170 00:09:21,399 --> 00:09:25,399 I mean we're already seeing entry level white collar hiring 171 00:09:25,799 --> 00:09:29,159 go way down, you know, as AI gets more prevalent 172 00:09:29,240 --> 00:09:32,279 in society. So I honestly think that this chart's only 173 00:09:32,320 --> 00:09:35,639 going to get worse, hopefully before it gets better. But 174 00:09:35,720 --> 00:09:38,559 I think it'll take a really sustained effort at the 175 00:09:38,600 --> 00:09:41,000 state level to try to push back on this. 176 00:09:41,200 --> 00:09:43,720 Speaker 2: Well, and this is the thing too, if you you know, 177 00:09:43,799 --> 00:09:47,480 if you are married, it's more likely that you're going 178 00:09:47,559 --> 00:09:50,879 to be able to afford a home than if you're single. 179 00:09:53,000 --> 00:09:56,600 I don't know where this idea came from that Hey, 180 00:09:56,639 --> 00:09:58,440 you know what, I could just stay single, and I'll 181 00:09:58,440 --> 00:10:00,000 be able to go out and buy my own home 182 00:10:00,000 --> 00:10:01,600 home and it'll be the home that I'm kind of 183 00:10:01,600 --> 00:10:05,159 accustomed to living in, eighteen to eighteen hundred square feet, 184 00:10:05,679 --> 00:10:08,080 you know, three bed, two and a half bath to 185 00:10:08,240 --> 00:10:12,399 car garage, and it's like, I don't know if that's realistic. 186 00:10:12,440 --> 00:10:16,360 And honestly, it'll be easier. I'm not saying it's easy, 187 00:10:16,399 --> 00:10:19,159 but it's easier if you have a partner who's also 188 00:10:19,200 --> 00:10:22,559 bringing in some revenue to the equation, it seems like. 189 00:10:22,639 --> 00:10:26,039 But so I don't know how you It seems like 190 00:10:26,039 --> 00:10:29,919 you got to break that the being single later in 191 00:10:30,000 --> 00:10:34,679 life trend before you can get to the homeowning trend. 192 00:10:34,720 --> 00:10:37,639 Speaker 3: Maybe yeah, I mean it's kind of a chicken or 193 00:10:37,639 --> 00:10:40,120 the egg problem, right, and that I think is more 194 00:10:40,159 --> 00:10:43,480 on the cultural side. Is you're absolutely right. I mean, 195 00:10:43,519 --> 00:10:47,279 people don't necessarily start thinking about buying a house until 196 00:10:47,320 --> 00:10:50,000 they are married. But then on the flip side, you know, 197 00:10:50,080 --> 00:10:53,559 people feel like they can't get married until they're financially 198 00:10:53,639 --> 00:10:58,559 stable and able to afford a home. So for whatever reason, 199 00:10:58,639 --> 00:11:03,200 that's the deal that our society has decided we're going 200 00:11:03,240 --> 00:11:06,600 to sign up for, and it just leads to the situation. 201 00:11:06,240 --> 00:11:08,120 Speaker 2: Where in now, well, yeah, and then you layer in 202 00:11:08,200 --> 00:11:12,679 the burdensome debt from college that you know, kids are 203 00:11:12,720 --> 00:11:15,759 graduating with, you know, one hundred hundred and fifty two 204 00:11:15,799 --> 00:11:19,039 hundred thousand dollars in debt, and you know, they've got 205 00:11:19,039 --> 00:11:22,639 a degree in a career track that is probably going 206 00:11:22,720 --> 00:11:25,960 to at best yield them a salary of sixty or 207 00:11:26,000 --> 00:11:28,840 seventy thousand dollars a year after fifteen to twenty years 208 00:11:28,879 --> 00:11:31,519 of experience. And it's just not it's not a good 209 00:11:31,519 --> 00:11:34,159 business model for them. But that's also yeah, I mean 210 00:11:34,159 --> 00:11:35,000 that was also part. 211 00:11:34,919 --> 00:11:35,120 Speaker 1: Of the. 212 00:11:36,600 --> 00:11:41,000 Speaker 2: Lie that was sold to these generations that go to college, 213 00:11:41,200 --> 00:11:43,320 get your degree, and you'll be able to get a 214 00:11:43,360 --> 00:11:46,639 really good job, and that is not the case any 215 00:11:46,679 --> 00:11:50,480 longer because of the cost of college education. I think 216 00:11:50,480 --> 00:11:52,960 that I think if we got it that you know, 217 00:11:53,360 --> 00:11:57,159 like and my idea on this is to simply make 218 00:11:57,200 --> 00:12:01,279 the colleges or make the loans rather chargeable in bankruptcy 219 00:12:01,720 --> 00:12:04,240 and let the let these kids declare bankruptcy and then 220 00:12:04,279 --> 00:12:06,759 the colleges don't get their loans, they don't get their 221 00:12:06,759 --> 00:12:08,840 money back, you know. And if I think if you 222 00:12:08,919 --> 00:12:10,919 make the colleges have to do the loans and you 223 00:12:10,960 --> 00:12:14,720 make them dischargeable, then I think they make better loans 224 00:12:15,240 --> 00:12:17,519 and I think they drive down the cost of their tuition. 225 00:12:18,679 --> 00:12:18,919 Speaker 4: Yeah. 226 00:12:19,000 --> 00:12:21,440 Speaker 3: I think that's a great point, and that could certainly 227 00:12:21,480 --> 00:12:23,799 be part of it. But the other side, on the 228 00:12:23,799 --> 00:12:27,399 flip side, if you just make uh, you know, have 229 00:12:27,519 --> 00:12:31,279 these loans not have the federal guarantees and you know 230 00:12:31,480 --> 00:12:34,720 where banks or lenders actually do have to underwrite as 231 00:12:34,919 --> 00:12:37,360 almost like a business plan, like all right, we'll give 232 00:12:37,360 --> 00:12:39,320 you this money for this degree, but how are you 233 00:12:39,360 --> 00:12:41,799 going to pay it back? That just doesn't factor into 234 00:12:41,840 --> 00:12:42,720 the equation at all. 235 00:12:42,919 --> 00:12:43,679 Speaker 1: No, it's a great point. 236 00:12:43,759 --> 00:12:46,759 Speaker 2: Yeah, they would not be writing loans for college degrees 237 00:12:46,799 --> 00:12:51,000 that had no viable economic future. Uh you know, basket 238 00:12:51,039 --> 00:12:53,080 weaving one oh one, Like, no, you're not going to 239 00:12:53,120 --> 00:12:54,639 have a job that you're going to be able to 240 00:12:54,639 --> 00:12:56,919 pay us back on this. So yeah, I think that's 241 00:12:56,919 --> 00:12:59,919 a I think that's a big part of it too. Hey, Andrew, 242 00:13:00,039 --> 00:13:01,799 it's always a pleasure to chat with you. Thanks for 243 00:13:01,840 --> 00:13:03,879 your time. As always, you can read Andrew's work at 244 00:13:03,919 --> 00:13:05,759 his substack newsletter Longleaf. 245 00:13:06,080 --> 00:13:07,879 Speaker 1: Is it substack? Actually? Is it a substack? 246 00:13:08,519 --> 00:13:12,000 Speaker 2: Okay, substack, It's long Leave Politics, and you can also 247 00:13:12,000 --> 00:13:14,399 read them at Charlotte Observer as well. We'll talk with 248 00:13:14,440 --> 00:13:17,320 you next week, Andrew, Thank you, sir, all right, thank you, 249 00:13:17,480 --> 00:13:17,919 take care. 250 00:13:18,159 --> 00:13:18,519 Speaker 1: All right. 251 00:13:18,559 --> 00:13:20,360 Speaker 2: If you're listening to this show, you know I try 252 00:13:20,399 --> 00:13:22,159 to keep up with all sorts of current events, and 253 00:13:22,200 --> 00:13:24,279 I know you do too. And you've probably heard me 254 00:13:24,320 --> 00:13:28,519 say get your news from multiple sources. Why well, because 255 00:13:28,519 --> 00:13:31,240 it's how you detect media bias, which is why I've 256 00:13:31,240 --> 00:13:34,600 been so impressed with ground News. It's an app, and 257 00:13:34,799 --> 00:13:37,720 it's a website and it combines news from around the 258 00:13:37,720 --> 00:13:40,399 world in one place so you can compare coverage and 259 00:13:40,519 --> 00:13:44,360 verify information. You can check it out at check dot ground, 260 00:13:44,679 --> 00:13:47,679 dot news slash pete. I put the link in the 261 00:13:47,720 --> 00:13:50,960 podcast description too. I started using ground News a few 262 00:13:50,960 --> 00:13:53,639 months ago and more recently chose to work with them 263 00:13:53,720 --> 00:13:56,480 as an affiliate because it lets me see clearly how 264 00:13:56,600 --> 00:13:59,919 stories get covered and by whom. The blind spot feature 265 00:14:00,080 --> 00:14:02,759 shows you which stories get ignored by the left and 266 00:14:02,840 --> 00:14:06,840 the right. See for yourself check dot ground, dot news, 267 00:14:07,200 --> 00:14:10,279 slash pete. Subscribe through that link and you'll get fifteen 268 00:14:10,320 --> 00:14:13,399 percent off any subscription. I use the Vantage plan to 269 00:14:13,440 --> 00:14:16,879 get unlimited access to every feature. Your subscription then not 270 00:14:16,919 --> 00:14:19,919 only helps my podcast, but it also supports ground news 271 00:14:19,960 --> 00:14:22,559 as they make the media landscape more transparent. 272 00:14:23,240 --> 00:14:25,759 Speaker 1: Let me jump over and chat with George. 273 00:14:25,759 --> 00:14:30,240 Speaker 4: Hello, George, Hey, Pete, Hey, Hey, listen. I wanted to 274 00:14:30,320 --> 00:14:34,080 weigh in on this college debt stuff. I make my 275 00:14:34,159 --> 00:14:38,000 living as a college admissions and financial aid coach private 276 00:14:38,080 --> 00:14:40,759 and the private market, that is, people hire me to 277 00:14:40,960 --> 00:14:45,080 work with their high school kids. I've got these comments 278 00:14:45,120 --> 00:14:49,200 to make. First of all, the colleges used to be 279 00:14:49,360 --> 00:14:52,279 responsible for the loans back in the days of the 280 00:14:52,320 --> 00:14:57,639 Stafford loans. They are horrible at debt collecting. They're horrible. 281 00:14:58,240 --> 00:15:01,440 That's why the government took an O. And the federal 282 00:15:01,519 --> 00:15:07,600 government does keep a default rate score for every university 283 00:15:07,600 --> 00:15:11,120 in college that participates in the federal student loan program, 284 00:15:11,840 --> 00:15:17,279 and that does affect their eligibility to borrow to access 285 00:15:17,360 --> 00:15:23,639 the government money. But the downside is the colleges get 286 00:15:23,679 --> 00:15:25,799 all their money up front, no matter what happens to 287 00:15:25,840 --> 00:15:29,200 the student. And that's what's you know, each semester, that's 288 00:15:29,279 --> 00:15:31,200 where problem goes. 289 00:15:31,639 --> 00:15:34,039 Speaker 1: Oh I bet yeah. A quick question. 290 00:15:34,200 --> 00:15:36,720 Speaker 2: You say they keep track of the default rates, but 291 00:15:37,279 --> 00:15:40,960 how do they default if you can't discharge in bankruptcy. 292 00:15:42,320 --> 00:15:46,519 Speaker 4: Well, the default rate is when they so the college 293 00:15:46,639 --> 00:15:51,799 is I'm sorry, these it gets a little, it gets 294 00:15:51,799 --> 00:15:53,440 a little convoluted. Big surprise. 295 00:15:53,639 --> 00:15:55,559 Speaker 1: Well it's it's government, so of course it does. 296 00:15:55,679 --> 00:16:00,000 Speaker 4: Yes. So here's what happens. You apply for federal student loans. 297 00:16:01,320 --> 00:16:05,559 They give you the loans. When you separate from the program, 298 00:16:05,600 --> 00:16:09,279 either because you leave college or you graduate six months later, 299 00:16:09,679 --> 00:16:15,759 repayment begins obligated. You can get deferments, you know, it's 300 00:16:15,799 --> 00:16:18,120 like oh, I don't have a job, or I got sick, 301 00:16:18,200 --> 00:16:20,320 or I got laid off, or I had a baby, 302 00:16:21,080 --> 00:16:25,120 and they'll give you deferments. But at a certain point they, 303 00:16:25,799 --> 00:16:33,440 the lending the servers, the lending service companies, will declare 304 00:16:33,480 --> 00:16:38,200 you to be in default. So, in other words, you 305 00:16:38,320 --> 00:16:40,559 have this kind of like when you go to the hospital, 306 00:16:40,639 --> 00:16:43,720 you can't pay the medical bill. Then the hospital eventually 307 00:16:44,000 --> 00:16:48,039 sent gives it out to a debt collector. Right, So 308 00:16:48,279 --> 00:16:54,519 that's what happens with these college loans, and those default 309 00:16:54,639 --> 00:16:59,120 rates are reported annually by every college and university to 310 00:16:59,200 --> 00:17:02,399 the Federal Student Office, and there I don't know the 311 00:17:02,440 --> 00:17:06,640 exact number or percentage they are allowed a certain percentage 312 00:17:06,680 --> 00:17:11,160 of default and remain in good standing. But if they 313 00:17:11,200 --> 00:17:14,640 get above that percentage, they're put on warning and then 314 00:17:14,640 --> 00:17:18,519 on probation, and then they can actually be disqualified from 315 00:17:18,720 --> 00:17:23,200 further participation in the federal student aid program, which means 316 00:17:23,279 --> 00:17:24,759 those colleges are out of business. 317 00:17:24,880 --> 00:17:27,359 Speaker 2: Because are you aware of any colleges that have actually 318 00:17:27,480 --> 00:17:27,759 hit that? 319 00:17:29,160 --> 00:17:32,279 Speaker 4: Yeah, they're you know, I can't call them off hand, 320 00:17:32,400 --> 00:17:36,119 but yeah, there are a few, and sadly, the few 321 00:17:36,160 --> 00:17:44,240 that I'm aware of or are historically black colleges and university. Yeah, 322 00:17:44,279 --> 00:17:47,279 and that is that is one of the tragedies of 323 00:17:47,319 --> 00:17:52,000 this student loan business that the government gotten in has 324 00:17:52,039 --> 00:17:55,599 gotten into. But here's one other point that people don't realize. 325 00:17:56,559 --> 00:17:59,799 An eighteen year old high school graduate on his or 326 00:17:59,839 --> 00:18:07,039 her own signature can participate in the direct student loan program, 327 00:18:07,079 --> 00:18:10,759 whereas the money is dispersed to the college in the 328 00:18:10,839 --> 00:18:15,799 name of that student and the student's signature unsecured loan, 329 00:18:16,319 --> 00:18:21,880 but it taps out at twenty seven thousand dollars. Beyond that, 330 00:18:22,039 --> 00:18:25,000 they have to have a co signer or they have 331 00:18:25,039 --> 00:18:28,480 to go into the commercial loan market and find some 332 00:18:31,240 --> 00:18:35,799 shady lender, some exorbitant interest rate, who will give them 333 00:18:35,839 --> 00:18:41,480 an unsecured personal loan for twenty or thirty thousand dollars? 334 00:18:41,519 --> 00:18:42,799 Speaker 3: And one other. 335 00:18:42,680 --> 00:18:47,400 Speaker 4: Comment, Pete, you know you mentioned one two hundred thousand 336 00:18:47,400 --> 00:18:53,119 dollars in debt. There are those outliers. But if you 337 00:18:54,039 --> 00:19:01,119 go to the National Center for Education Statistics, you will 338 00:19:01,160 --> 00:19:07,680 find that the average undergraduate loan is I think it's 339 00:19:07,759 --> 00:19:12,039 like thirty indebtedness. It's like thirty six thirty seven thousand 340 00:19:12,119 --> 00:19:15,559 dollars total. That's the average total. 341 00:19:15,839 --> 00:19:20,960 Speaker 1: You know, yeah, that's total for the four year degree. 342 00:19:20,240 --> 00:19:21,880 Speaker 4: If they got their four year degree. 343 00:19:22,079 --> 00:19:24,319 Speaker 1: Rights just the total on the loan. 344 00:19:25,039 --> 00:19:27,559 Speaker 4: And so one of the things that you know, I 345 00:19:27,720 --> 00:19:31,240 tell I teach when I have the opportunity to speak 346 00:19:31,279 --> 00:19:40,440 to groups, I say, look a a college partial college 347 00:19:40,519 --> 00:19:46,599 education with debt is much worse than no college education 348 00:19:46,720 --> 00:19:49,160 at all, with no If you're not going to complete 349 00:19:49,160 --> 00:19:51,799 your bachelor's degree, just go into the job market with 350 00:19:51,920 --> 00:19:53,359 a high school diploma. 351 00:19:53,440 --> 00:19:55,319 Speaker 2: Now, some good advice, George, I do have to run. 352 00:19:55,359 --> 00:19:56,720 I do appreciate the information. 353 00:19:56,880 --> 00:19:57,920 Speaker 4: Thank you. Sare you buddy? 354 00:19:57,960 --> 00:19:59,240 Speaker 1: All right? Thank you? Take care. 355 00:19:59,599 --> 00:20:02,279 Speaker 2: Here's a great idea. How about making an escape to 356 00:20:02,359 --> 00:20:05,839 a really special and secluded getaway in western North Carolina. 357 00:20:05,960 --> 00:20:08,119 Just a quick drive up the mountain and Cabins of 358 00:20:08,119 --> 00:20:12,480 Asheville is your connection. Whether you're celebrating an anniversary, a honeymoon, 359 00:20:12,559 --> 00:20:14,799 maybe you want to plan a memorable proposal, or get 360 00:20:14,799 --> 00:20:17,720 family and friends together for a big old reunion, Cabins 361 00:20:17,759 --> 00:20:20,480 of Asheville has the ideal spot for you where you 362 00:20:20,519 --> 00:20:23,079 can reconnect with your loved ones and the things that 363 00:20:23,200 --> 00:20:26,960 truly matter. 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I think the universities 381 00:21:30,759 --> 00:21:35,400 are well compensated. We are the ones left holding the bag. Yeah, 382 00:21:35,440 --> 00:21:41,839 this is sort of speaks to this concept over production 383 00:21:42,240 --> 00:21:45,039 of the elites, or as I. 384 00:21:45,000 --> 00:21:46,200 Speaker 1: Call them, the tholites. 385 00:21:47,599 --> 00:21:51,839 Speaker 2: They're not actually elites, They just you know, had family 386 00:21:51,839 --> 00:21:55,559 members that did something a couple generations ago and they 387 00:21:55,599 --> 00:21:58,880 live off of the residual income and trust funds and stuff. 388 00:21:59,160 --> 00:22:05,799 But there there is something to that, this overproduction in 389 00:22:05,880 --> 00:22:11,799 certain fields and like what do you do with this degree? 390 00:22:12,160 --> 00:22:13,039 Speaker 1: And it's not just. 391 00:22:12,960 --> 00:22:16,440 Speaker 2: In these you know, the weird social sciences types of 392 00:22:17,000 --> 00:22:21,000 degree tracts. You know, I say basket weaving or you know, 393 00:22:21,079 --> 00:22:24,039 theoretical dance or something like that, Like what do you 394 00:22:24,079 --> 00:22:26,160 actually do with that degree? 395 00:22:26,240 --> 00:22:27,000 Speaker 1: But there are. 396 00:22:26,839 --> 00:22:32,039 Speaker 2: Also some you know, math classes for example, there you 397 00:22:32,079 --> 00:22:36,039 know what do you do with the math degree. Usually 398 00:22:36,079 --> 00:22:38,799 you end up teaching right you go into the university, 399 00:22:39,240 --> 00:22:40,200 and that's. 400 00:22:40,039 --> 00:22:40,559 Speaker 1: Not a knock. 401 00:22:40,599 --> 00:22:43,039 Speaker 2: I'm not saying that that's bad, but there are only 402 00:22:43,119 --> 00:22:46,160 so many of those slots right to get into and 403 00:22:46,160 --> 00:22:49,640 it becomes very competitive, and so if you over produce 404 00:22:50,400 --> 00:22:54,279 people from those colleges with these degrees, they will not 405 00:22:54,359 --> 00:22:56,920 be able to work in the field that they've studied. 406 00:22:57,039 --> 00:22:57,200 Speaker 5: Right. 407 00:23:00,039 --> 00:23:04,000 Speaker 2: This is from anonymous. Do parents not pay for their 408 00:23:04,119 --> 00:23:08,200 kids college education anymore? I am fifty six and grew 409 00:23:08,240 --> 00:23:11,039 up in a middle class family. My parents paid me 410 00:23:11,559 --> 00:23:15,720 and my brother to attend public university. All my friends' 411 00:23:15,799 --> 00:23:17,839 parents did the same, as far as I knew. I 412 00:23:17,920 --> 00:23:19,960 consider myself middle class, and I did the same for 413 00:23:20,039 --> 00:23:22,200 my two kids. Both my kids tell me this is 414 00:23:22,240 --> 00:23:23,000 now the exception. 415 00:23:24,240 --> 00:23:25,160 Speaker 1: I actually. 416 00:23:26,480 --> 00:23:29,039 Speaker 2: We did something on this a couple months ago, I 417 00:23:29,039 --> 00:23:31,720 don't know, seven, eight months ago, something like that, and 418 00:23:33,000 --> 00:23:37,640 the advice from some financial guy. I forget the details 419 00:23:37,640 --> 00:23:41,039 of the story. I apologize for that, but he said basically, 420 00:23:41,519 --> 00:23:43,519 as a parent, if you're looking to help your kid, 421 00:23:44,599 --> 00:23:48,559 you would probably be better off giving them money towards 422 00:23:48,599 --> 00:23:52,039 their first home purchase versus the degrees. 423 00:23:53,640 --> 00:23:54,200 Speaker 1: I like. 424 00:23:54,400 --> 00:23:56,920 Speaker 2: I was one of four and my parents could not 425 00:23:57,000 --> 00:24:01,519 afford all four kids to go to college. It was 426 00:24:01,559 --> 00:24:02,440 basically stay. 427 00:24:02,200 --> 00:24:02,599 Speaker 1: At home mom. 428 00:24:02,720 --> 00:24:04,400 Speaker 2: She did a little part time work here and there. 429 00:24:04,440 --> 00:24:11,079 But you know, Dad made a decent salary, but you know, 430 00:24:11,119 --> 00:24:13,640 he didn't qualify back in those days for any of 431 00:24:13,680 --> 00:24:17,079 the student loans. So my brother went to the Citadel 432 00:24:17,960 --> 00:24:20,880 and that was expensive for an out of state student. 433 00:24:21,559 --> 00:24:25,079 And then a couple of years later, I go to 434 00:24:25,119 --> 00:24:29,640 college and I'm at Winthrop and it was at that 435 00:24:29,720 --> 00:24:32,480 time the cheapest South Carolina State school. By the time 436 00:24:32,480 --> 00:24:34,440 I left, it was the most expensive. They just kept 437 00:24:34,480 --> 00:24:38,440 jacking up the tuition and I had to take out loans, 438 00:24:38,559 --> 00:24:42,160 as did both of my younger sisters, So we all 439 00:24:43,039 --> 00:24:46,839 three out of the four of us had loans to repay. 440 00:24:47,039 --> 00:24:49,160 So that was not the norm for us, and that 441 00:24:49,279 --> 00:24:56,400 was back in the in the mid nineties. I think 442 00:24:56,400 --> 00:24:58,160 they should This is from Mark. I think they should 443 00:24:58,160 --> 00:25:00,759 make it affordable for one person to own a house. 444 00:25:01,400 --> 00:25:03,440 Let the married couple choose if they want to stay 445 00:25:03,480 --> 00:25:05,960 at home to take care of the children, because we 446 00:25:06,039 --> 00:25:08,200 need to do a better job with our children. I 447 00:25:08,240 --> 00:25:10,039 think that will make a better world in the future. 448 00:25:10,079 --> 00:25:13,160 It's all about the kids. And that's a very good 449 00:25:13,160 --> 00:25:15,519 point as well. I remember, and this was years ago, 450 00:25:15,640 --> 00:25:18,319 so I don't know if the economics still work. But 451 00:25:18,759 --> 00:25:22,200 if you have a dual income household, which now is 452 00:25:22,240 --> 00:25:25,559 basically required, I guess, but you know, twenty years ago, 453 00:25:26,799 --> 00:25:30,240 like eighty percent of the second income earner, so not 454 00:25:30,279 --> 00:25:32,279 the breadwinner, not the one who makes the most, but 455 00:25:32,319 --> 00:25:34,960 the one who makes the second most, like eighty percent 456 00:25:35,000 --> 00:25:40,000 of their income goes to daycare childcare. So like if 457 00:25:40,000 --> 00:25:43,480 you just cut your spending by twenty percent, then you 458 00:25:43,519 --> 00:25:45,599 would be able to have a parent. 459 00:25:45,440 --> 00:25:47,599 Speaker 1: Stay at home. That was the idea being advanced at 460 00:25:47,599 --> 00:25:47,920 that time. 461 00:25:47,920 --> 00:25:50,079 Speaker 2: Again, I don't know if the economics still work on that, 462 00:25:51,200 --> 00:25:53,519 but yeah, the answer, in my view, the answer to 463 00:25:53,920 --> 00:25:57,599 more housing, more affordable housing, is first off, get rid 464 00:25:57,599 --> 00:25:59,680 of all the people in the country that aren't supposed 465 00:25:59,720 --> 00:26:02,480 to be that are living in the houses. You're going 466 00:26:02,519 --> 00:26:05,039 to free up a lot of inventory, number one. But 467 00:26:05,079 --> 00:26:08,480 also number two, you got to allow more building of 468 00:26:08,519 --> 00:26:12,559 starter homes, you know, and that's difficult to do in 469 00:26:12,759 --> 00:26:16,119 urban centers. It's difficult to do when you've got land 470 00:26:16,160 --> 00:26:20,400 costs that are high because there's not enough buildable land left. 471 00:26:20,839 --> 00:26:26,200 So yeah, the starter homes are usually located farther away 472 00:26:26,240 --> 00:26:28,920 from the urban core. And that's where you start talking 473 00:26:28,960 --> 00:26:32,799 about mass transit options and trains and such to move 474 00:26:32,920 --> 00:26:39,240 people from lower land cost areas into the well paid, 475 00:26:39,559 --> 00:26:43,839 salaried areas. Right, that's the idea. That's what the proponents 476 00:26:43,839 --> 00:26:45,880 of mass transit argue for. 477 00:26:47,039 --> 00:26:48,920 Speaker 1: That if you because. 478 00:26:48,720 --> 00:26:53,000 Speaker 2: Otherwise you're trading large chunks of your life in a 479 00:26:53,599 --> 00:26:57,440 commute that can sometimes run like two to three hours 480 00:26:57,559 --> 00:27:01,920 a day. And what is your life worth to you? 481 00:27:02,000 --> 00:27:04,480 Because that's what we're talking about. That's what time is. 482 00:27:05,160 --> 00:27:07,799 You're sitting in a car for two hours, three hours 483 00:27:08,000 --> 00:27:11,160 going back and forth to work every single day. You 484 00:27:11,200 --> 00:27:15,240 don't get that time back. So's the that's the pitch 485 00:27:15,599 --> 00:27:22,039 for you know, high speed rail lines connecting the city 486 00:27:22,079 --> 00:27:25,240 centers where you have a lot of the higher paid 487 00:27:25,319 --> 00:27:32,039 jobs with the lower land value, lower cost housing that 488 00:27:32,079 --> 00:27:34,839 are that's farther away. All right, So you've heard me 489 00:27:34,880 --> 00:27:37,519 talk about Creative Video for almost a year, But did 490 00:27:37,559 --> 00:27:40,240 you know they also offer a game changing app for 491 00:27:40,359 --> 00:27:43,240 businesses that reward their teams with incentive trips. 492 00:27:43,400 --> 00:27:43,920 Speaker 1: Well, they do. 493 00:27:44,119 --> 00:27:46,799 Speaker 2: It's called Incentive Trip Kit. If you want a business 494 00:27:46,880 --> 00:27:49,599 or work at one that offers these incentive trips, this 495 00:27:49,799 --> 00:27:52,920 is a must have. It maximizes the impact and value 496 00:27:52,920 --> 00:27:56,000 of these motivational trips. It's a super easy to use 497 00:27:56,079 --> 00:27:59,960 app built just for your group, with private messaging, shared photo, 498 00:28:00,000 --> 00:28:03,640 those important trip documents, even a find the group locator 499 00:28:03,880 --> 00:28:06,119 just in case somebody gets separated. And when I say 500 00:28:06,119 --> 00:28:09,359 it's private, I mean it. No personal emails, no phone numbers, 501 00:28:09,559 --> 00:28:13,400 no ads, no account sign ups. Everyone uses one shared login, 502 00:28:13,519 --> 00:28:16,480 so it's super easy, no hassles. During the trip, everybody 503 00:28:16,519 --> 00:28:18,960 can post their best photos and short video clips, and 504 00:28:19,000 --> 00:28:21,200 folks back at the office can even follow along. And 505 00:28:21,200 --> 00:28:24,359 then after the trip, incentive trip kit turns those memories 506 00:28:24,359 --> 00:28:28,240 into a professional storytelling video you can use to motivate, inspire, 507 00:28:28,359 --> 00:28:31,200 and get people fired up for next year's trip. More fun, 508 00:28:31,440 --> 00:28:35,000 more memories, more ROI check it out now at incentive 509 00:28:35,079 --> 00:28:38,200 tripkit dot com or call Eric at eight eight eight 510 00:28:38,279 --> 00:28:41,519 five three three seventy six thirty seven Extension two oh 511 00:28:41,559 --> 00:28:44,720 seven for the details. From the text line, a lot 512 00:28:44,720 --> 00:28:49,480 of people commenting here this is from stand why don't 513 00:28:49,519 --> 00:28:51,480 we get the government out of the business of college 514 00:28:51,519 --> 00:28:53,920 and training for careers and make a combined effort between 515 00:28:53,920 --> 00:28:59,240 companies and education institutions. Businesses fund those institutions in exchange 516 00:28:59,240 --> 00:29:02,079 for the workers at for them. That way, taxpayers are 517 00:29:02,119 --> 00:29:03,240 never on the hook. 518 00:29:04,119 --> 00:29:04,359 Speaker 1: Yeah. 519 00:29:04,400 --> 00:29:07,799 Speaker 2: Look, I interviewed a guy runs an electric company. He's 520 00:29:07,839 --> 00:29:10,519 an electrician, and they have their own program to train 521 00:29:10,599 --> 00:29:13,880 up electricians because the local community college is still training 522 00:29:14,400 --> 00:29:19,880 students to get commercial electrical licensing for a plant that 523 00:29:19,960 --> 00:29:23,799 was in town but closed down decades ago. So it 524 00:29:24,039 --> 00:29:29,400 like there are models out there, Daisy says Pete. It's 525 00:29:29,480 --> 00:29:32,200 a sacrifice for a mom to stay home with her children, 526 00:29:32,599 --> 00:29:35,039 but it's a choice many couples refuse to make because 527 00:29:35,079 --> 00:29:37,880 it might require a smaller home or an older car. 528 00:29:38,480 --> 00:29:40,400 It's worth it to the children to have a full 529 00:29:40,440 --> 00:29:43,359 time mom. I realized sometimes it's impossible for this to happen, 530 00:29:43,640 --> 00:29:46,440 but I believe many could. But the kids drive the 531 00:29:46,480 --> 00:29:50,240 mom too crazy, and work is a reprieve. And this 532 00:29:50,279 --> 00:29:54,920 is Yes, it's the hardest job to do. Being a 533 00:29:54,960 --> 00:29:59,079 mom is the hardest job, and so I understand why 534 00:29:59,119 --> 00:30:01,759 people might not want to do it. You know, it's 535 00:30:01,880 --> 00:30:05,960 very difficult and you're always working. There's no reprieve. I 536 00:30:07,559 --> 00:30:11,319 understand that and don't mistake anything I'm saying. I'm not 537 00:30:11,359 --> 00:30:14,599 telling you this is what everybody needs to do. I'm 538 00:30:14,599 --> 00:30:17,400 a lowercase libertarian. People, i don't tell you how to 539 00:30:17,440 --> 00:30:19,440 live your life. I'm not telling you that. I'm just 540 00:30:19,519 --> 00:30:23,920 giving you information about data that's out there. And I 541 00:30:23,960 --> 00:30:26,400 don't think we do a service to people by telling 542 00:30:26,400 --> 00:30:29,359 them that there is a quote right way or wrong way, 543 00:30:29,440 --> 00:30:32,519 or a good way and a bad way to do 544 00:30:32,559 --> 00:30:37,480 this stuff. Everybody's different, and if we just say that 545 00:30:37,519 --> 00:30:41,160 these are just different choices, one is not worse than 546 00:30:41,160 --> 00:30:44,599 the other, maybe we break some of this peer pressure 547 00:30:44,640 --> 00:30:47,160 that forces people into thinking that this is what I 548 00:30:47,240 --> 00:30:50,880 have to do, you know, Mary, Welcome to the show. 549 00:30:50,880 --> 00:30:53,079 Hey Mary, Hi Pete. 550 00:30:53,359 --> 00:30:55,680 Speaker 5: I'm always had a lot to say, and i always 551 00:30:55,680 --> 00:30:57,119 get nervous, so I'm gonna try and get through it. 552 00:30:57,200 --> 00:30:59,599 Speaker 1: Okay, don't be nervous. 553 00:31:01,680 --> 00:31:04,680 Speaker 5: So my one point is my son and daughter in 554 00:31:04,799 --> 00:31:07,720 law when they got married, she still had college loans, 555 00:31:08,119 --> 00:31:10,319 and my son said when they would try to pay 556 00:31:10,319 --> 00:31:14,680 them off, it was practically impossible. It went to interest only, 557 00:31:14,920 --> 00:31:18,960 like they were horrible, horrible loans. And I feel like 558 00:31:19,160 --> 00:31:23,400 that could be a because they're no debt people, and 559 00:31:23,480 --> 00:31:25,440 I feel like that could be something if we could 560 00:31:25,519 --> 00:31:28,759 just somehow regulate these loans that make them easier for 561 00:31:28,880 --> 00:31:32,480 somebody to pay off. You know, that could be one thing. 562 00:31:32,839 --> 00:31:35,960 But the other thing is is I'm a boomer, and 563 00:31:36,039 --> 00:31:38,799 I know where we can be obnoxious and if going 564 00:31:38,920 --> 00:31:44,559 hates us, but I'm going full boomer right now. When 565 00:31:44,640 --> 00:31:48,519 I was young, I had two roommates. You know, when 566 00:31:48,519 --> 00:31:50,839 I was like eighteen, I had two roommates. We lived 567 00:31:50,839 --> 00:31:53,359 in a one bedroom apartment in a terrible part of town. 568 00:31:54,079 --> 00:31:57,680 My friends and we're all still friends. They shared the bedroom. 569 00:31:58,000 --> 00:32:00,640 I slept on a cot in the dining room nice 570 00:32:00,799 --> 00:32:03,480 and we were just tickled to death. Now the hard 571 00:32:03,480 --> 00:32:05,400 thing now is it's hard to find a landlord that 572 00:32:05,440 --> 00:32:09,400 will let you do that, right But and so that 573 00:32:09,599 --> 00:32:12,960 is one thing. But I think the expectations now are 574 00:32:13,160 --> 00:32:15,960 just outrageous. I mean, I know somebody who wants to 575 00:32:16,000 --> 00:32:18,599 stay home with her child and always complains about the 576 00:32:18,640 --> 00:32:21,039 cost of daycare. In the meantime, she always drives a 577 00:32:21,039 --> 00:32:24,200 brand new car, she always has the latest iPhone, Her 578 00:32:24,319 --> 00:32:27,759 nails are done, her hair is always professionally done. And 579 00:32:27,799 --> 00:32:30,680 those are things that we would have never. 580 00:32:30,960 --> 00:32:32,119 Speaker 4: Dreamed of doing. 581 00:32:32,200 --> 00:32:35,160 Speaker 5: We would not have had our nails done or you know, 582 00:32:35,680 --> 00:32:38,599 browse threaded or anything like that. And so I think 583 00:32:38,599 --> 00:32:42,400 there's a bit of an unrealistic expectation of what life 584 00:32:42,440 --> 00:32:43,160 should look like. 585 00:32:43,440 --> 00:32:45,519 Speaker 2: I think you are you know, I think I know 586 00:32:45,559 --> 00:32:48,079 you are exactly right. Mary actually did that very story. 587 00:32:48,119 --> 00:32:50,720 The size of the homes that people expect to have 588 00:32:51,119 --> 00:32:52,680 completely out of whack with what they earn. 589 00:32:52,720 --> 00:32:54,279 Speaker 1: I gotta run, though I appreciate the call. Good to 590 00:32:54,279 --> 00:32:57,880 hear from you. Mary. All right, that'll do it for 591 00:32:57,960 --> 00:33:00,200 this episode. Thank you so much for listening. 592 00:33:00,279 --> 00:33:02,400 Speaker 2: I could not do the show without your support and 593 00:33:02,440 --> 00:33:05,160 the support of the businesses that advertise on the podcast, 594 00:33:05,519 --> 00:33:07,599 so if you'd like, please support them too and tell 595 00:33:07,640 --> 00:33:09,319 them you heard it here. You can also become a 596 00:33:09,359 --> 00:33:14,039 patron at my Patreon page or go to dpetecleanershow dot com. Again, 597 00:33:14,279 --> 00:33:16,839 thank you so much for listening, and don't break anything 598 00:33:16,839 --> 00:33:18,559 while I'm gone.