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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]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] People straight out of grad school aren't buying houses, they are renting. Always have, always will. I rented for 15 years before I bought a place at age 36. People have always had student loan payments, this is not a new thing. I don't know why Gen Z and Millennials think that they are so special and are the only people who have had to deal with this. Grow up and stop playing the victim.[/quote] Lots of people have SL’s and are paying on them for 10+ years due to high balances. Especially in this area where having a graduate degree is more common. Hardly “straight out of grad school.” And you have people who did undergrad and then went to grad school a little later in life and are now paying student loans in their 40s/50s too. I don’t think the student loan payments restarting is going to make a huge difference in the market ultimately, but it is going to be a concern for some people and you’d be surprised at their ages, it’s not just early-mid 30s Millennials. [/quote]
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