"Student loan debt will put a major clamp on future home buyers. First, in 2000 student loan debt made up roughly 2 percent of all household debt. Today it is up to 7 percent. A startling increase. What is hidden in this figure is how much is being taken on by young households, the future pipeline of the first time buyer. Many are coming out with the debt of a new automobile and many others are coming out with a mortgage but with no home. The fact that young adults are doubling up and moving back home shows that the normal sequence of buying a home is being stifled by another bubble in higher education"

Comments: Be the first to add a comment

add a comment | go to forum thread