Young and priced out of the US housing market: Mortgage debt traded for student debt. The dramatic fall in homeownership for those 40 and younger.

By drhousingbubble The New York Fed issues a quarterly report on credit conditions in the US. The recent report highlights a continuing trend showing young Americans are going deep into debt to pay for their expensive college educations. In fact, student debt is now the largest non-mortgage related debt in the country. This problem reflects a big […]

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