The Cost of Higher Ed
Student Debt Drives Down Homeownership
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  • lukelea

    Quote: “Today a greater percentage of the overall population went into debt to pay for college than two decades ago. Consequently, a far larger number of people may be having trouble buying a house in the 21st century than the 20th,”

    To which we might add that the exploding cost of healthcare, especially for the young, who are now mandated to buy coverage at prices that will help subsidize the care of older, sicker portions of the population and of the formerly uninsured, is further eating into their disposable income. At least I think I am right about this.

    • Andrew Allison

      You may be right, but I for one am waiting to see just how many of the “invincibles” were dumb enough to pay an ACA premium in order to subsidize the takers.

  • rheddles

    One of your commenters made the point yesterday, but modesty prevents me from identifying the reader without access to the FRBNY report but with common sense.

    • Andrew Allison

      Thank you for pointing out that we spend billions to fund government agencies which produce reports which merely reflect common sense.

  • Boritz

    “…a far larger number of people may be having trouble buying a house in the 21st century than the 20th, which isn’t good news for our economic outlook.”

    Don’t forget that the money is still going into construction, specifically Taj Mahalesque construction on university campuses.

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