Student Loans Reduce Home Sales
22/09/14 15:14
Tim Logan reports at latimes.com that 83 Billion in real estate sales are failing to be made on account of student loan debt held by those from age 20 to 40.
Quoting a report from John Burns Consulting these points are also reported:
- a monthly student loan payment of $250 reduces the home price one may buy by $44,000
- Most households paying $750+ per month in student loans are priced out of the housing market
- Households in the under 40 age group paying over $250 each month in student loans number 5.9 Million, up from 2.2 Million in 2005
Quoting a report from John Burns Consulting these points are also reported:
- a monthly student loan payment of $250 reduces the home price one may buy by $44,000
- Most households paying $750+ per month in student loans are priced out of the housing market
- Households in the under 40 age group paying over $250 each month in student loans number 5.9 Million, up from 2.2 Million in 2005