College Graduate $200k In Debt Celebrates New Minimum-Wage Job By Shopping For A $750k One-Bedroom Home At 20% Interest

[Votto]

College Graduate $200k In Debt Celebrates New Minimum-Wage Job By Shopping For A $750k One-Bedroom Home At 20% Interest​

Life·Aug 21, 2025 · BabylonBee.com

FRANKLIN, TN — According to sources, a local Gen Z college graduate $200,000 in debt with a minimum wage job was celebrating by shopping for a new $750,000 home at 20% interest.

"I worked hard and followed the rules, and now it's time to reap the benefits," said Liam Oliver Franklin, who recently acquired a highly sought-after job in his field for $7.25 per hour. "Now, should I buy the 1-bedroom house in the slums for $750,000, or the 1-bedroom house in the suburbs for $1.2 million? Decisions, decisions."

Franklin reportedly graduated with honors from a prestigious university after studying hard his entire life. He was told by admissions that his massive student loans would be paid off in no time.

"My only concern is figuring out how to pay my $1800 per month loan payment while also affording a $12,000 house payment," he said. "I might have to get a job driving for DoorDash. They pay well, right?"

At publishing time, Franklin had decided to settle for a $2,000 per month apartment owned by BlackRock while saving up for a home and earning money on the side by making racist memes to post on X.

 

[Blaster]

If he had learned a trade he wouldn't be in debt and would have a high paying job so he could afford a nice place to live.

 

[DGS49]

This is all tongue-in-cheek of course, but it is worth noting that millions of people who are doing fine now in their 50's were flat broke at 30 and didn't know whether or when they would get out of the hole they had dug for themselves. That was certainly my situation. But two people with OK jobs, living within their means, can get out of it in time.

The huge student loans, however, that's a tough one. There is NO EXCUSE for a working-class student to get that far I not debt for a college education that does not virtually guarantee a good job - and everyone reading this knows what I mean.

I financed my college with the GI Bill, assistance from three employers, a couple of state grants, a small student loan, and otherwise I paid as I went. Community college then a state 4-year school. Graduated with no debt at age 28.

The irony is, my four siblings all said they couldn't go to college because our parents couldn't afford to pay the cost (which was true). They even said it to ME, as I was going through it with no family support. Strange shit.