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re: A guy goes to school just for the student loan cash
Posted on 3/3/14 at 1:31 pm to RebelOP
Posted on 3/3/14 at 1:31 pm to RebelOP
quote:
And the start of the student loan default bubble has officially started.
Its terrifying.
Hopefully this keeps the housing market low for the next few years as the banks start foreclosing to recoup some money. I am going to buy in that timeframe.
This student loan bubble could make the housing bubble look like childs play.
2
Posted on 3/3/14 at 1:33 pm to TheCaterpillar
quote:
This student loan bubble could make the housing bubble look like childs play.
I don't know how the housing market will look in this environment. There is a group of economic producers who can't buy homes with their debt obligations so it's a two prong economic issue.
I could see at least raising the tax deduction of interest. Also, putting a cap on the income tax bomb when forgiveness happens under the ibr and similar programs.
This post was edited on 3/3/14 at 1:36 pm
Posted on 3/3/14 at 2:32 pm to TheCaterpillar
The housing market is about 20x bigger. Real estate is collateral for loans but housing loans can be discharged through giving in payment of the collateral or bankruptcy.
This is a whole different beast than any housing market. You're basically creating a limited indentured servitude for most Americans to move up or maintain their class standing. Which to me is the very antithesis of America.
This is a whole different beast than any housing market. You're basically creating a limited indentured servitude for most Americans to move up or maintain their class standing. Which to me is the very antithesis of America.
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