OT 21: DFD Giveth and DFD Taketh Away

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SAWCE wrote: Wed Aug 21, 2024 1:36 pm
max225 wrote: Wed Aug 21, 2024 12:36 pm Also... I know we're getting a bit on the personal side here. But why does she have student loans when her parents are this wealthy? It seems like an unnecessary burden for you guys to carry especially with the kid considering. Pawpaw is just swimming in dough.
That’s a great question. Especially as I’ve seen the in-laws fund her younger sister doing dumb shit like this acting academy in Dublin and then in New York. I’d wager everything I will ever own that she will never make it as an actress, and they know they’re just throwing money away. But, they coddle the fuck out of here. She has very severe bi-polar and I think they feel guilty that it went undiagnosed as long as it did and that she almost killed herself jumping out a second story window because something she as seeing told her that if she didn’t she would die in her room. It’s really sad to see, but also, at this point they are 100% handicapping her by treating her the way they do.

From what I know, they paid for Michelle’s undergrad. She didn’t do great there due to some mental health stuff, so I’m not sure if that’s why they didn’t fund her graduate degree or what. But she was also duped into going to and paying for USC so maybe he just wasn’t down with footing the bill for a private school like that? I think their financial situation has also changed a significant amount in the 10+ years since Michelle went to grad school.
younger kid always appears to get favored since the parents get more disposable income.

maybe they have a plan to help more once uncle sugar forgives what they forgive. I mean, I dont think the gov should be forgiving student debt, but at the same time dont hate the player hate the game and all - why not wait a beat and let the government reduce that debt and keep the money...
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golftdibrad1 wrote: Wed Aug 21, 2024 2:08 pm
SAWCE wrote: Wed Aug 21, 2024 1:36 pm

That’s a great question. Especially as I’ve seen the in-laws fund her younger sister doing dumb shit like this acting academy in Dublin and then in New York. I’d wager everything I will ever own that she will never make it as an actress, and they know they’re just throwing money away. But, they coddle the fuck out of here. She has very severe bi-polar and I think they feel guilty that it went undiagnosed as long as it did and that she almost killed herself jumping out a second story window because something she as seeing told her that if she didn’t she would die in her room. It’s really sad to see, but also, at this point they are 100% handicapping her by treating her the way they do.

From what I know, they paid for Michelle’s undergrad. She didn’t do great there due to some mental health stuff, so I’m not sure if that’s why they didn’t fund her graduate degree or what. But she was also duped into going to and paying for USC so maybe he just wasn’t down with footing the bill for a private school like that? I think their financial situation has also changed a significant amount in the 10+ years since Michelle went to grad school.
younger kid always appears to get favored since the parents get more disposable income.

maybe they have a plan to help more once uncle sugar forgives what they forgive. I mean, I dont think the gov should be forgiving student debt, but at the same time dont hate the player hate the game and all - why not wait a beat and let the government reduce that debt and keep the money...
:dat:

Also, I’m not sure how them paying her loans would work tax-wise.. like would that count as another “gift” where they’d be taxed on the amount they give her to pay them off? Could see that being part of the reason for them not just paying them for her now.
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Just take care of your business and if you get a windfall, you get a windfall. You can't live your life waiting for your parents to help you out with X the same way you can't live your life waiting for an inheritance. That comment from Max is shockingly communist for him. Way to go Leonid Brezhnev.
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Desertbreh wrote: Wed Aug 21, 2024 2:43 pm Just take care of your business and if you get a windfall, you get a windfall. You can't live your life waiting for your parents to help you out with X the same way you can't live your life waiting for an inheritance. That comment from Max is shockingly communist for him. Way to go Leonid Brezhnev.
:word: that’s the plan. The house down payment assistance they gave us is more than I ever expected to be given by anyone in my lifetime, so there is zero expectation for them to do more.
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golftdibrad1 wrote: Wed Aug 21, 2024 2:08 pm
SAWCE wrote: Wed Aug 21, 2024 1:36 pm

That’s a great question. Especially as I’ve seen the in-laws fund her younger sister doing dumb shit like this acting academy in Dublin and then in New York. I’d wager everything I will ever own that she will never make it as an actress, and they know they’re just throwing money away. But, they coddle the fuck out of here. She has very severe bi-polar and I think they feel guilty that it went undiagnosed as long as it did and that she almost killed herself jumping out a second story window because something she as seeing told her that if she didn’t she would die in her room. It’s really sad to see, but also, at this point they are 100% handicapping her by treating her the way they do.

From what I know, they paid for Michelle’s undergrad. She didn’t do great there due to some mental health stuff, so I’m not sure if that’s why they didn’t fund her graduate degree or what. But she was also duped into going to and paying for USC so maybe he just wasn’t down with footing the bill for a private school like that? I think their financial situation has also changed a significant amount in the 10+ years since Michelle went to grad school.
younger kid always appears to get favored since the parents get more disposable income.

:dat:

10 and 14 years between myself and half sisters. They have wildly different lives/lifestyles.
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SAWCE wrote: Wed Aug 21, 2024 2:18 pm
golftdibrad1 wrote: Wed Aug 21, 2024 2:08 pm

younger kid always appears to get favored since the parents get more disposable income.

maybe they have a plan to help more once uncle sugar forgives what they forgive. I mean, I dont think the gov should be forgiving student debt, but at the same time dont hate the player hate the game and all - why not wait a beat and let the government reduce that debt and keep the money...
:dat:

Also, I’m not sure how them paying her loans would work tax-wise.. like would that count as another “gift” where they’d be taxed on the amount they give her to pay them off? Could see that being part of the reason for them not just paying them for her now.
https://finance.yahoo.com/news/pay-off- ... 08209.html

It would trigger it if over $17k (or whatever new 2024 value). but unlikely to get audited. I did a $50k "loan" to close on new house before old house was sold. Repaid it with "interest" a few months later.

Its odd that parents paying directly for school wouldnt trigger this since kid is a dependent til 26.
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dubshow wrote: Wed Aug 21, 2024 3:34 pm
golftdibrad1 wrote: Wed Aug 21, 2024 2:08 pm

younger kid always appears to get favored since the parents get more disposable income.

:dat:

10 and 14 years between myself and half sisters. They have wildly different lives/lifestyles.
100%. 12 years between me and my youngest, and I saw it as she was growing up, but after our mom passed it became even more apparent just how different their relationship was.
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dubshow wrote: Wed Aug 21, 2024 3:42 pm
SAWCE wrote: Wed Aug 21, 2024 2:18 pm

:dat:

Also, I’m not sure how them paying her loans would work tax-wise.. like would that count as another “gift” where they’d be taxed on the amount they give her to pay them off? Could see that being part of the reason for them not just paying them for her now.
https://finance.yahoo.com/news/pay-off- ... 08209.html

It would trigger it if over $17k (or whatever new 2024 value). but unlikely to get audited. I did a $50k "loan" to close on new house before old house was sold. Repaid it with "interest" a few months later.

Its odd that parents paying directly for school wouldnt trigger this since kid is a dependent til 26.
:word: that’s what I figured.
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Desertbreh wrote: Wed Aug 21, 2024 2:43 pm Just take care of your business and if you get a windfall, you get a windfall. You can't live your life waiting for your parents to help you out with X the same way you can't live your life waiting for an inheritance. That comment from Max is shockingly communist for him. Way to go Leonid Brezhnev.
I’ll quote the original post that sparked this discussion, not sure how far back you read today. But, depending on how the other party handles business over the coming days/weeks, we may be interested in hiring your services if the matter falls under your area of expertise. Maybe even something simple like having some letters sent on your firm’s letterhead to let them know we mean business and expect them to get their shit together.
SAWCE wrote: Tue Aug 20, 2024 5:13 pm Vent time..

Michelle has been providing supervision hours to therapist trainees for this clinic in San Diego. It’s part of some grant program where over two years of doing the work for them she gets $50k in student loans forgiven. For the amount of hours she puts in, that’s a payout of about double her hourly rate she bills clients, and tax free since the money is sent directly to her loan holder.

A few months ago when it was time for the clinic to submit her paperwork, they sent it to her to verify and they had a bunch of information wrong. She sent them corrections and got an “okay thanks” back. She just got a notice from the grant program that her application was denied. If they fucked up and didn’t make the corrections and she doesn’t get that money due to their negligence I’m gonna rage hard on her behalf.

Might need some legal assistance from our Palm Desert brother if they can’t resolve shit on their end. My thought is that if it was negligence on their part in submitting the application wrong that we go after them for that $50k, or calculate the rate of private supervision in San Diego and how many hours she worked and go after that, which I think would be higher than $50k.
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SAWCE wrote: Wed Aug 21, 2024 3:56 pm
Desertbreh wrote: Wed Aug 21, 2024 2:43 pm Just take care of your business and if you get a windfall, you get a windfall. You can't live your life waiting for your parents to help you out with X the same way you can't live your life waiting for an inheritance. That comment from Max is shockingly communist for him. Way to go Leonid Brezhnev.
I’ll quote the original post that sparked this discussion, not sure how far back you read today. But, depending on how the other party handles business over the coming days/weeks, we may be interested in hiring your services if the matter falls under your area of expertise. Maybe even something simple like having some letters sent on your firm’s letterhead to let them know we mean business and expect them to get their shit together.
SAWCE wrote: Tue Aug 20, 2024 5:13 pm Vent time..

Michelle has been providing supervision hours to therapist trainees for this clinic in San Diego. It’s part of some grant program where over two years of doing the work for them she gets $50k in student loans forgiven. For the amount of hours she puts in, that’s a payout of about double her hourly rate she bills clients, and tax free since the money is sent directly to her loan holder.

A few months ago when it was time for the clinic to submit her paperwork, they sent it to her to verify and they had a bunch of information wrong. She sent them corrections and got an “okay thanks” back. She just got a notice from the grant program that her application was denied. If they fucked up and didn’t make the corrections and she doesn’t get that money due to their negligence I’m gonna rage hard on her behalf.

Might need some legal assistance from our Palm Desert brother if they can’t resolve shit on their end. My thought is that if it was negligence on their part in submitting the application wrong that we go after them for that $50k, or calculate the rate of private supervision in San Diego and how many hours she worked and go after that, which I think would be higher than $50k.
Yeah I saw that. You have my number. Let's see what happens.
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Desertbreh wrote: Wed Aug 21, 2024 3:59 pm
SAWCE wrote: Wed Aug 21, 2024 3:56 pm

I’ll quote the original post that sparked this discussion, not sure how far back you read today. But, depending on how the other party handles business over the coming days/weeks, we may be interested in hiring your services if the matter falls under your area of expertise. Maybe even something simple like having some letters sent on your firm’s letterhead to let them know we mean business and expect them to get their shit together.

Yeah I saw that. You have my number. Let's see what happens.
Thank you sir!

Hoping nothing comes of it and they figure out what they did wrong and fix it and send us on our merry way.
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Desertbreh wrote: Wed Aug 21, 2024 2:43 pm Just take care of your business and if you get a windfall, you get a windfall. You can't live your life waiting for your parents to help you out with X the same way you can't live your life waiting for an inheritance. That comment from Max is shockingly communist for him. Way to go Leonid Brezhnev.
Bros in laws have an Aston Martin rotting in a garage. I’m sure they can swing 50k to pay off the woman’s debt. Mind you it’s their daughter. As opposed to your tax money. So :gtfo: with that communist comment
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It’d be nice if the $50k cleared her whole student loan balance.. it’s six figs bros :(
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SAWCE wrote: Wed Aug 21, 2024 6:56 pm It’d be nice if the $50k cleared her whole student loan balance.. it’s six figs bros :(
Well that’s some fuck :-/
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SAWCE wrote: Wed Aug 21, 2024 6:56 pm It’d be nice if the $50k cleared her whole student loan balance.. it’s six figs bros :(
Ouch. :(
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max225 wrote: Wed Aug 21, 2024 7:26 pm
SAWCE wrote: Wed Aug 21, 2024 6:56 pm It’d be nice if the $50k cleared her whole student loan balance.. it’s six figs bros :(
Well that’s some fuck :-/
Yeah.. the $50k would make a significant dent, plus all the interest saved on that amount. Will go a long way in paying her shit off much much sooner
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max225 wrote: Wed Aug 21, 2024 6:47 pm
Desertbreh wrote: Wed Aug 21, 2024 2:43 pm Just take care of your business and if you get a windfall, you get a windfall. You can't live your life waiting for your parents to help you out with X the same way you can't live your life waiting for an inheritance. That comment from Max is shockingly communist for him. Way to go Leonid Brezhnev.
Bros in laws have an Aston Martin rotting in a garage. I’m sure they can swing 50k to pay off the woman’s debt. Mind you it’s their daughter. As opposed to your tax money. So :gtfo: with that communist comment
I mean… I guess? It’s there money and they paid for her undergrad. I don’t really see how that’s their problem/responsibility.

I mean I feel for her and Sawce man and everyone in that position, college costs are insane. But still not really like the parents owe anything.
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D Griff wrote: Wed Aug 21, 2024 9:32 pm
max225 wrote: Wed Aug 21, 2024 6:47 pm

Bros in laws have an Aston Martin rotting in a garage. I’m sure they can swing 50k to pay off the woman’s debt. Mind you it’s their daughter. As opposed to your tax money. So :gtfo: with that communist comment
I mean… I guess? It’s there money and they paid for her undergrad. I don’t really see how that’s their problem/responsibility.

I mean I feel for her and Sawce man and everyone in that position, college costs are insane. But still not really like the parents owe anything.
They do more so than a strangers paycheck. But that’s like just my opinion man. If I had Aston money my son/daughter wouldn’t be burdened by a lifetime of debt when I can eliminate it with the snap of my fingers.
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It is nice to know that even though they could, Michelle has never once even voice a desire for them to. She owns that she made a decision and is dealing with the ramifications.

Yeah, it’d be great if they did, but given how she could have turned out (like her sister) the lack of entitlement is top tier. She’s a good woman and person all around.
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SAWCE wrote: Wed Aug 21, 2024 6:56 pm It’d be nice if the $50k cleared her whole student loan balance.. it’s six figs bros :(
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:dafuq: thats wild. I mean STILL? yall in mid 30's...
SAWCE wrote: Wed Aug 21, 2024 11:31 pm It is nice to know that even though they could, Michelle has never once even voice a desire for them to. She owns that she made a decision and is dealing with the ramifications.

Yeah, it’d be great if they did, but given how she could have turned out (like her sister) the lack of entitlement is top tier. She’s a good woman and person all around.
Thats good for you and her. But man...six figs for an graddegree that might pay 70k/year entry level is wild math to justify.
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golftdibrad1 wrote: Thu Aug 22, 2024 7:35 am
SAWCE wrote: Wed Aug 21, 2024 6:56 pm It’d be nice if the $50k cleared her whole student loan balance.. it’s six figs bros :(
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:dafuq: thats wild. I mean STILL? yall in mid 30's...
SAWCE wrote: Wed Aug 21, 2024 11:31 pm It is nice to know that even though they could, Michelle has never once even voice a desire for them to. She owns that she made a decision and is dealing with the ramifications.

Yeah, it’d be great if they did, but given how she could have turned out (like her sister) the lack of entitlement is top tier. She’s a good woman and person all around.
Thats good for you and her. But man...six figs for an graddegree that might pay 70k/year entry level is wild math to justify.
Yeah.. she was young and dumb. Pretty sure she started at less than $70k, closer to $50k iirc, too working for the county doing CPS after graduation. Living in SD all she could afford was the minimum income-based payments. The plan was to stay there and do the 10 years as a public servant and get that loan forgiveness, but she saw too much bad shit and couldn’t stick it out. It’s where she was when we met and her mental health was rapidly deteriorating.
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max225 wrote: Wed Aug 21, 2024 10:11 pm
D Griff wrote: Wed Aug 21, 2024 9:32 pm

I mean… I guess? It’s there money and they paid for her undergrad. I don’t really see how that’s their problem/responsibility.

I mean I feel for her and Sawce man and everyone in that position, college costs are insane. But still not really like the parents owe anything.
They do more so than a strangers paycheck. But that’s like just my opinion man. If I had Aston money my son/daughter wouldn’t be burdened by a lifetime of debt when I can eliminate it with the snap of my fingers.
And that would be awesome of you to do for your kid, but I don't think anyone should be/feel entitled to it. End of day, no one is entitled to shit. Some people have rich parents, get everything, squander it all, end up in a tent on blue in SF. Others fuck up and continue a life of coddled luxury for life. Others make a lot out of nothing. End of the day, we own our own lives. I'm very pro trying to help others out where possible, but it's foolish to expect the same and life is easier when you have pretty low expectations.
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D Griff wrote: Thu Aug 22, 2024 9:32 am
max225 wrote: Wed Aug 21, 2024 10:11 pm

They do more so than a strangers paycheck. But that’s like just my opinion man. If I had Aston money my son/daughter wouldn’t be burdened by a lifetime of debt when I can eliminate it with the snap of my fingers.
And that would be awesome of you to do for your kid, but I don't think anyone should be/feel entitled to it. End of day, no one is entitled to shit. Some people have rich parents, get everything, squander it all, end up in a tent on blue in SF. Others fuck up and continue a life of coddled luxury for life. Others make a lot out of nothing. End of the day, we own our own lives. I'm very pro trying to help others out where possible, but it's foolish to expect the same and life is easier when you have pretty low expectations.
Whatever. Our friends wife who just fucking gave birth is drowning in debt and has parents that can easily remedy her situation. She needs all the help she can get and has a new life to take care of.

And you’re talking about people who are the scum of the earth in SF? Completely different things.
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Here is another idea. Get an interest free loan from parents so that you at least don’t have that shit balloon and pay them instead of a creditor. Everyone wins
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max225 wrote: Thu Aug 22, 2024 9:55 am Here is another idea. Get an interest free loan from parents so that you at least don’t have that shit balloon and pay them instead of a creditor. Everyone wins
except sallie

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