<p>Student</a> Debt Stifles Housing Recovery | Moneyland | TIME.com</p>
<p>*“As monthly student debt payments increase for college graduates, so does their struggle to qualify for a mortgage</p>
<p>*</p>
<p>This is what we’ve been saying for a long time. Those who are contemplating taking on big debt need to consider that once they’re working that their low/no-debt colleagues will be moving on with their lives (buying homes, marrying, etc), while those with big debt will be stagnating for 10-20 years.</p>
<p>Until the housing crash, student debt might not have mattered & these folks might have been able to get a mortgage … that they would not be able to afford.</p>
<p>With so much college debt, some are putting off marriage, kids, houses - that all slows the economy. Four years at college are not going to be “transformative” in the way applicants were thinking if they emmerge paralysed with debt.</p>
<p>Happy that our son says he will ramp up his modest student loan repayments so he can position himself to buy before housing takes off again.</p>
<p>Mildly surprised that he seems to have actually absorbed some of our old folk wisdom.</p>