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fru-gal

It's Not Just The Poor Who Can't Make Rent

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Read a US real estate blog yesterday (SoCal focuessed).

..majority of the $1.3 trillion in student debt carried by younger Americans, 'not older baby boomers who went to college when state schools were nearly free and private institutions were dirt cheap that you could work at a fast food joint and pay for your annual tuition. It was also a time when buying a home wasn’t some giant global speculative gamble.'

Some of the same complaints/issues as here; flood of foreign money paying high prices, or investors.

Re lower priced markets

12 Dec, 2015

Millennials are not going to save the housing market. Will they buy homes in other parts of the country where the typical home costs something like $230,000? Maybe. But that is a stretch for someone that is barely scraping buy. That is why we are facing rental Armageddon.

[...]Source: Google Consumer Surveys

[...]Half of Millennials don’t even have $1,000. Even more to the point, 83.5 percent have $20,000 or less saved up.

http://www.doctorhousingbubble.com/millennials-will-not-save-the-housing-market-50-percent-millennials-save-1k-or-less/

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Read a US real estate blog yesterday (SoCal focuessed).

..majority of the $1.3 trillion in student debt carried by younger Americans, 'not older baby boomers who went to college when state schools were nearly free and private institutions were dirt cheap that you could work at a fast food joint and pay for your annual tuition. It was also a time when buying a home wasn’t some giant global speculative gamble.'

Some of the same complaints/issues as here; flood of foreign money paying high prices, or investors.

Re lower priced markets

Apparently in the USA if you want to go bankrupt you are still on the hook for student debt. The banks have students by the balls, all thanks to the Clintons.

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