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I think there s a very interesting personal financial liability that people aren t talking about, with why young people aren t buying homes. that is student loan debt. the average student loan debt in this country is over $32,000. and the average monthly payment is over almost $330. you know you look at an average student college graduate they can t find jobs and they have to pay off bad debt and they might have some poor credit because of it i mean would you want to go find a house, and property taxes rising? the woes of your generation i wonder that every when i was your age young man there were minimumhindrances and jimmy carter and hyperinflation and i still managed to buy a home. got my parents to lend me some money. but that was then. kyle i m listening to all of this and i m hearing maybe the reason why guys like charlie and maybe as many in his generation are fed up is because they have seen the experience of their parents. they ve seen the experience much what happened to ....
You have to buy shares because now the stock is going up. what happened? well they did better than expect expected. listen they were due to surprise us. but long-term i mean i think this is a company that still faces tremendous problems and you know you re not big on i think it s going to be sold. what do you think, craig? i think he s right. i think google and facebook really control the space. and i found it interesting that prior to their earnings release all morning the buzz was, one way or another it was either going to be up 13% after hours or down 13% after hours. you know you re right about that. that s exactly what people were saying. there was no middle ground. yeah and i find that fascinating. and i agree with charlie. he s probably he probably knows already. he s just not telling they re going to be bought by somebody because i don t think on the platform they currently run they can actually make money in the long-term. but they used to say that re ....
Management cheryl sandberg came in and righted the ship. then they started to monetize their mobile apps and things like that. but it s still a cool company. i like twitter. i love using it. you like getting the tweets from viewers? the nasty e-mails, and the attacks. charlie holds the records for nasty tweets. i have 48,000 followers. and 49,999 loathe you. one of the problems that twitter has and this is why a lot of people think it s going to be sold they don t have good management. they lost so many people they re desperately looking for a ceo. which is just as important sometimes. and charlie s right unless they can find a way to monetize this and that was what facebook did in such a startling fashion. think about the money they started cranking out overnight. and i think unless they can start showing that this thing can make money it might be a ....
you know well you know neil i think he has an argument right? you ve seen the crash in real estate. you ve seen arguably your parents, or charlie s parents, get foreclosed upon in their homes. because the banks, all of a sudden, tightened credit standards significantly from having very lax standards. so those people maybe had a home foreclosed on which is somewhat tragic. and you then become a renter you move to the renter space, and you sit back and your credit has been damaged. right? and maybe your job is not as stable as it once was, and so you wait to put that down payment aside, which becomes more and more difficult, especially in a tax environment that we re in. and then you lastly add, neil i m from westchester county about 20 minutes north of manhattan and you look at some of the real estate tax rates and what you re paying well that is a big problem you re right about that. charlie do you you re right about that. charlie, when you talk to folks ....
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