Twenty - somethings are not borrowing money to buy homes at the rate they were a decade ago — a trend that may have as much to do
with high levels of student debt and poor job prospects as it has to do with trauma from the housing bust, according to new research and analysis discussed at the recent National Association of Real Estate Editors (NAREE) conference.
The takeaway: Even
a high level of student debt can be more easily tackled by a well - prepared graduate who settles in an area where opportunities abound.
The same report adds that
high levels of student debt are stunting the financial growth of millions, causing them to delay home ownership, marriage, and even having kids.
Though opponents of the plan lost a three - year court battle earlier this summer, allowing it to proceed, many NYU faculty and neighborhood organizations remain staunchly opposed, calling it unnecessary and fiscally irresponsible in the face of NYU's
high levels of student debt, which are some of the worst in the country.
High levels of student debt and stagnant career opportunities have long kept millennials sidelined from the real estate market and, even with recent improvements in the labor market, affordability continues to be a major concern.