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Real Estate
Reply to "Feels like market is hitting a wall"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Only a month or two left before student loan repayments restart. I expect to see a bigger shift in the market once that happens. And if spring season is a dud next year, that could impact prices [/quote] The people buying million dollar houses aren't concerned about their student loan repayments.[/quote] Tell that to the new lawyer, doctor, or PE associate. They have the cash flow for a home, doesn’t mean they aren’t cornered about their student loan payment. [/quote] They knew this when they signed the docs for their loans. Pay what you owe, build it into your budget. One would think and assume all of these "lawyers, doctors and PE associates" have the basic knowledge to understand this. [/quote] Exactly. They will "built it into [their] budget" by deferring home purchases because suddenly they can only afford $2K-$3K less per month. Economists are predicting a slowdown in consumer spending beginning in October because of student loan payments.[/quote] Who is paying $3000/month in student loans?[/quote]
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