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Student debt may hurt housing recovery...
Student debt may hurt housing recovery...

Student debt may hurt housing recovery...
 
http://www.washingtonpost.com/business/economy/student-debt-may-hurt-housing-recovery-by-hampering-first-time-buyers
 
My initial reaction to this story was but a simple "Yep".  I mean, I don't necessarily see anything profound or earth-shattering about news that student loan debt might hurt those bearing said debt- or any other debt for that matter.  Money going out the door towards anything inherently leaves less money to pay for other wants, needs and/or responsibilities.
 
A bit more thought got me riled up a bit, in that I really don't care for where this story in particular and the student loan debt argument in general is headed.  Got medical bills?  Yep, they could zap your savings and hurt your chances of getting a house right away.  Bought more car than you can afford?  Bingo- another obligation that could stunt one's path to homeownership.
 
And I call that....life.
 
I've seen a number of credit reports over the past 13 years or so I've spent in the property management business- upwards of 3,000 to be sure, possibly 4,000.  I've seen one from a practicing attorney who was fully capable of passing the bar and earning a great living, yet she'd ... more

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