EDelahanty
10-Year Member
- Joined
- May 7, 2010
- Messages
- 1,577
An article which appeared on CNBC this morning reminded me of the discussion of sticker shock a week ago.
Mounting student debt - now a trillion $ - is damaging the recovery of the housing market. Student debt has special protection against discharge through bankruptcy. The debt service is absorbing an excessive amount of disposable income, limiting how much young graduates can afford to pay for housing and impeding their ability to accumulate a nest egg for a down payment.
http://finance.yahoo.com/news/why-housing-stalled-1-trillion-160443449.html
Mounting student debt - now a trillion $ - is damaging the recovery of the housing market. Student debt has special protection against discharge through bankruptcy. The debt service is absorbing an excessive amount of disposable income, limiting how much young graduates can afford to pay for housing and impeding their ability to accumulate a nest egg for a down payment.
http://finance.yahoo.com/news/why-housing-stalled-1-trillion-160443449.html