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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] 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] I'm sorry I don't feel the least bit bad for people who haven't been paying back loans they took out for the past several years. Especially not the professionals whose income kept getting higher and higher. Those people had no reason to stop paying their loans. [/quote]
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