Heavy load...
As you've probably heard, Millennial just aren't buying houses like young people used to, Sarah Holder reports on citylab.com
This story has been told many ways: Living with roommates, renting rather than buying and spending on other things besides apartments and bungalows, Holder wrote.
Partly to blame is the fact that housing prices have rapidly outpaced incomes since 1980. But there's another trend that magnified the effects of this: An increase in college attendance and mounting student debt due to a spike in tuition costs, she added.
For more of a timely report: https://www.citylab.com/equity/2018/01/student-loans-are-killing-homeownership/551300/
Photo: Pinterest.
Apartment for sale, close to train.
As you've probably heard, Millennial just aren't buying houses like young people used to, Sarah Holder reports on citylab.com
This story has been told many ways: Living with roommates, renting rather than buying and spending on other things besides apartments and bungalows, Holder wrote.
Partly to blame is the fact that housing prices have rapidly outpaced incomes since 1980. But there's another trend that magnified the effects of this: An increase in college attendance and mounting student debt due to a spike in tuition costs, she added.
For more of a timely report: https://www.citylab.com/equity/2018/01/student-loans-are-killing-homeownership/551300/
Photo: Pinterest.
Next time on The Allen Report:
IBM's Head of Watson Likes Elon Musk but "Hates" A.I. Scaremongering.
IBM's Head of Watson Likes Elon Musk but "Hates" A.I. Scaremongering.
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