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Student loans major reason millenials aren't buying houses

By tovarichpeter   Jul 17, 9:58am   292 views   8 comments   watch (0)   quote      

https://www.bloomberg.com/news/articles/2017-07-17/student-debt-is-hurting-millennial-homeownership

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Comments 1-8 of 8     Last »

1   Goran_K   631/631 = 100% civil   Jul 17, 10:05am  ↑ like (4)   ↓ dislike   quote    

Funny how easy access to FAFSA money caused so much inflation to tuition cost.

2   APOCALYPSEFUCK_is_ADORABLE   1347/1347 = 100% civil   Jul 17, 11:01am  ↑ like (3)   ↓ dislike   quote    

First time I heard of this was 1991.

Broker said the ratios with student debt just weren't working out.

Industry's answer: abandon underwriting standards. Embrace low-doc, no-doc and neutron mortgages.

That all worked out just great.

3   zzyzzx   989/989 = 100% civil   Jul 17, 11:13am  ↑ like (1)   ↓ dislike   quote    

4   jvolstad   197/197 = 100% civil   Jul 17, 1:58pm  ↑ like   ↓ dislike   quote    

Why do these kids take out so many loans? Go to school part-time, work full-time, and you will graduate debt-free.

Better yet, join the military.

5   jvolstad   197/197 = 100% civil   Jul 17, 2:00pm  ↑ like   ↓ dislike   quote    

APOCALYPSEFUCK_is_ADORABLE says

First time I heard of this was 1991.

Broker said the ratios with student debt just weren't working out.

Industry's answer: abandon underwriting standards. Embrace low-doc, no-doc and neutron mortgages.

That all worked out just great.

You can't put a price on the American Dream.

6   HEY YOU   1069/1069 = 100% civil   Jul 17, 6:21pm  ↑ like   ↓ dislike   quote    

How many Rep/Cons have not & will not pay back their education loans?
Losers!

7   Fucking White Male   480/482 = 99% civil   Jul 17, 8:54pm  ↑ like   ↓ dislike   quote    

HEY YOU says

How many Rep/Cons have not & will not pay back their education loans?

Losers!

2 years JC in CA = $4K inclusive of books, fees, etc.
2 years Cal State = $16K inclusive of books, fees, etc.

Assuming you had to take a loan for the entire amount = $20K.

Less than the average cost of a new car.

How bow dah?

8   Strategist   2045/2050 = 99% civil   Jul 17, 9:47pm  ↑ like   ↓ dislike   quote    

jvolstad says

APOCALYPSEFUCK_is_ADORABLE says

First time I heard of this was 1991.

Broker said the ratios with student debt just weren't working out.

Industry's answer: abandon underwriting standards. Embrace low-doc, no-doc and neutron mortgages.

That all worked out just great.

You can't put a price on the American Dream.

I think the price is $1.5 million in investment to be eligible for permanent residency and eventually a citizenship on US.
What a fucking bargain.

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