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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I wonder if young people saddled with monthly loan payments will be in a position to start a family and afford the homes that older people are selling as they move on to the next stage of their life.

I'm an empty nester in a home I bought for around $600,000 in NoVA about 20 years ago. It is now worth over $900,000 and is inching up toward $1 mill. And it's old and needs a lot of work. My neighborhood tends to attract buyers in their 20s-30s who are starting a family (we are known to have good schools). Where are all these people who can afford a house close to $1 mill. going to come from?

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Most people with loans have manageable loans. It is only a small minority with excessive loans and those tend to be in higher paying professions. Your market isn't affected as most aren't either. Too much histrionics going on. [/quote]

Actually, "The Federal Reserve reports that the median student debt for all borrowers in 2022 was between $20,000 and $24,999. That means about half of student loan borrowers owe more than that, and half owe less." I don't know about you, but it seems to me that when half of all college grads are starting adult life with loans above $25,000, it's going to be a while before they can afford to become homeowners. [/quote]

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