first time home buyer: Drowning in Student Debt: Why Some Millenials Can't Afford to Buy
- 07/05/18 03:28 PM
I recently read an article from the National Association of Realtors® that only 20% of millennials (aged 22-35) with student debt own a home. Of the 80% who don't own homes, a whopping 83% believe that their student debt has affected their ability to buy. Further, these millennials stated that they expected their student debt to delay purchasing a home for a median of 7 years, with 84% expecting to delay home ownership by at least 3 years. I found this information dismaying, as both a real estate professional who often works with first-time buyers, and as a mom whose son … (3 comments)
I recently read an article from the National Association of Realtors® that only 20% of millennials (aged 22-35) with student debt own a home. Of the 80% who don't own homes, a whopping 83% believe that their student debt has affected their ability to buy. Further, these millennials stated that they expected their student debt to delay purchasing a home for a median of 7 years, with 84% expecting to delay home ownership by at least 3 years. I found this information dismaying, as both a real estate professional who often works with first-time buyers, and as a mom whose son … (3 comments)
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