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Old 06-04-2021, 02:55 AM
 
Location: Florida
10,512 posts, read 4,072,062 times
Reputation: 8519

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Quote:
Originally Posted by Rachel976 View Post
All I can say is....that Teacher’s Union sure has the Dems fought and paid for!

I can see it as a reward for others in the program - first responders who put their lives on the line during COVID - but teachers?? They didn’t even have to leave the house for a year, and have fought tooth-and-nail against returning to the classroom. Around here at least, teachers earn close to $100,000 by mid-career, and that’s with summers off. Why should they be excused from down payment requirements?

https://www.foxbusiness.com/money/ho...yment-mortgage
Why not set it up where the teachers live at the schools until they can save up enough to buy their own home?

 
Old 06-04-2021, 03:09 AM
 
Location: Morrison, CO
34,257 posts, read 18,628,370 times
Reputation: 25833
Teacher's Unions, and all Public Sector Unions are just money laundering schemes for Democrats. If private lenders want to take that RISK let them, but NOT with my money aka government, tax dollar backing. No. We've had enough bail outs.
 
Old 06-04-2021, 03:29 AM
 
Location: My house
7,430 posts, read 3,572,736 times
Reputation: 7830
Ah yes, the plight of a teacher. We're you a mediocre/average student with a desire to get an arts degree after high school? Can't figure out what you want to do? Want summers off, excellent health insurance, competitive pay, a pension? Become a teacher. Sure, you have to deal/babysit with other people's dysfunctional children 5 days a week from 8am to 3pm....but it's so rewarding to "make a difference" in these kids lives, and you will be constantly patted on the back for doing so.
 
Old 06-04-2021, 05:00 AM
 
Location: Texas
37,963 posts, read 17,905,834 times
Reputation: 10379
Quote:
Originally Posted by momonkey View Post
Risk?

They'll sell the new mortgage five minutes after it's created.
Only after packaging it with other risky loans and labeling them AA
 
Old 06-04-2021, 05:18 AM
 
19,387 posts, read 6,522,499 times
Reputation: 12310
Quote:
Originally Posted by natalie469 View Post
What exactly is mid career. Maybe you can show the pay scale for teachers in your state. Thanks
Here ya go. After 20 years, teachers are getting in the 80s and 90s, and after 25 years, it’s mostly 90s with some touching $100k. (Pulli to the faculty parking lot, and you see Lexuses and BMWs galore.)

And the other point is, lumping teachers - who never even had to leave the house while earning full pay - in with those in the front line - like firemen, police, medical personnel - just cries of Teacher Union influence.

https://www.lcps.org/cms/lib/VA01000...ry%20Scale.pdf
 
Old 06-04-2021, 05:22 AM
 
19,387 posts, read 6,522,499 times
Reputation: 12310
Quote:
Originally Posted by moneill View Post
First responders, police too EMT workers.......And it is a bi-partisan bill -- Republican backed -- one from Florida even.

Boy -- teachers here in the southeast would love to make that kind of money.
Yeah, as I said, I’m good with first responders, police, EMT getting this - but why teachers? They never even had to take off their pajama bottoms the entire year!

(As far as the southeast, everything is relative. My cousin earns $50,000 and recently bought a lovely 3-bedroom single home for less than $200,000.)
 
Old 06-04-2021, 05:23 AM
 
19,387 posts, read 6,522,499 times
Reputation: 12310
Quote:
Originally Posted by momonkey View Post
Risk?

They'll sell the new mortgage five minutes after it's created.
Who’s guying to buy a 100% mortgage where the homeowner doesn’t have a cent of equity?
 
Old 06-04-2021, 05:32 AM
 
Location: Austin TX
11,027 posts, read 6,520,217 times
Reputation: 13259
I don’t object to no-money-down mortgages for teachers. It doesn’t cost me a cent for a teacher to get a gov’t backed mortgage with no money down. No or low money down mortgages have allowed MANY people to get into a home. I bought my first home with a 3% down payment many decades ago; I’d have never been able to own without such a plan.

Teachers need to live locally to their schools. In poor neighborhoods, wealthy neighborhoods ... they all have schools that need teachers. Saving my outrage on this one.
 
Old 06-04-2021, 05:39 AM
 
19,387 posts, read 6,522,499 times
Reputation: 12310
Quote:
Originally Posted by warhorse78 View Post
Why not set it up where the teachers live at the schools until they can save up enough to buy their own home?
Why can’t they rent like other professionals do early in their career, saving money towards a down payment? According to your thinking, we should allow accountants to live in their employers’ offices, too.
 
Old 06-04-2021, 05:41 AM
 
13,485 posts, read 9,991,265 times
Reputation: 14378
Quote:
Originally Posted by Rachel976 View Post
Yeah, as I said, I’m good with first responders, police, EMT getting this - but why teachers? They never even had to take off their pajama bottoms the entire year!

(As far as the southeast, everything is relative. My cousin earns $50,000 and recently bought a lovely 3-bedroom single home for less than $200,000.)
Are you kidding? Where I live teachers had to turn their entire curriculum into an online learning format in a matter of days.

And teachers I know go through the emotional wringer, looking out for kids that are troubled, emotionally and physically abused, hungry, angry, violent, and that doesn’t even factor in some of the parents who threaten and harass them all hours of the day and night.

And doing the job remotely was even worse, because they lost connection with kids they were concerned about and knew they couldn’t get away from whatever crap situation they were in.

It’s a freakin horrid job and I don’t know how many of them do it.
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