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July 27, 2015
Fortune: Student loan debt is not hurting America's housing market
The problem is, there isn’t any proof that higher student loan debt is actually causing young people to own homes at lower rates than they did in the past, or that the overall student loan burden is leading to a smaller share of first-time home buyers.
Agreed! $1.36 trillion in student loan debt is just the tiniest of straws. There's no proof that it is hurting the housing market camel in the slightest!
Do you want to know something else? There isn't any proof that Fortune.com can stop me from clicking on its subscribe link. Not one single shred of evidence! Might do it right now! Might do it tomorrow! There's just no telling how soon I might click on it. ;)
Real Estate Newsletter Articles this Week: Existing-Home Sales Increased to
4.15 million SAAR in November
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At the Calculated Risk Real Estate Newsletter this week:
[image: Existing Home Sales]*Click on graph for larger image.*
• NAR: Existing-Home Sales Increase...
17 hours ago
6 comments:
With housing, if the price is too high, it has to come down.
Problem is demographics are pushing too many people into the market on the demand-side, and for some reason we're not building the new supply for these new entrants.
Shortages are never good and totally invalidates my first assertion about prices coming down above.
All the other over-crowded markets -- Vancouver BC, London, Tokyo, Sydney -- show home prices can run up to take every dollar the buyer has.
At any rate the "buyer's market" ended here quite suddenly in 2011, in most places at least.
Perhaps they will build in earnest just before the next bust. Sigh.
Without the big ramp in student loan debt, the housing market would be in even worse shape.
Don't bother asking me for evidence of this either. It's akin to judicial notice.
Pffft. Everyone knows student loan debt is a different color than "real" debt. Real debt you can discharge.
mab,
First thing I was going to do was ask for evidence, but then you played the judicial notice card!!
Rob Dawg,
I like the imagery!
one debt
two debt
red debt
blue debt
Totally harmless! ;)
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