New Posts
  • Hi there guest! Welcome to PoliticalJack.com. Register for free to join our community?

Millennials drag homeownership down to 1965 levels

The student loan debt is a huge thing. Thing is...many of these student loans were accumulated for college courses that would bring those students 'nothing' in return. Today there are so many going to college just to say they went....they don't care or really think of the future. They accumulate all this debt....then have no jobs to pay it back. Like your link stated....so many families now are renting because they don't qualify for a mortgage. Then there becomes a shortage of rentals...and those owning them raise their prices because they know someone will pay it. They have no choice if a bank won't finance a home for them. It's a vicious circle.
 
Back
Top