The cost of college has exploded over the last decade, outpacing even the housing bubble. The culprits are the same wolves, just dressed up a little differently: easy credit, greed, and lots of kool-aid to to around. The toxic combination of high student debt levels and a terrible job market is crippling the financial future of recent college grads. From a real estate perspective, this could impact the starter-home markets for the a decade or more as the next generation of first-time homebuyers is already burdened with too much debt.
Remember this too about college debt:
Even worse, government-backed student loan debt cannot be walked-away from or discharged in bankruptcy. Many will be saddled with their debts for decades to come.
HOW MANY TIMES do I have to bang on and on about how government meddling makes things worse in the education sector? Especially where money is involved? I mean, REALLY. Talk about creating a victim class!
And what about us young nerds? Basically, we're screwed, aren't we? I've railed against the housing bubble before, so I won't repeat myself. I've ranted, am ranting, and will keep on ranting about the higher ed bubble, so I'll let it go for now. Just read the whole linked article.
2 comments:
Ranting is good for the soul, if I do say so ...
Cathartastic!
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