• LostWon@lemmy.ca
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    1 year ago

    I don’t know how accurate it might be but I heard of a theory recently for the US that the recent reversal where students will be required to repay their loans in full is going to tank the housing market because a large chunk of people from the very demographic that would normally be first-time buyers won’t be able to afford to buy. There were supposed to be a bunch of cascading effects from this, but I’m sorry I can’t remember further details now.

    • 3ntranced@lemmy.world
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      1 year ago

      Loan repayments resumed yesterday for over 100 million Americans. Now there are a lot of different options especially their income-driven ‘SAVE’ plan which calculates repayments based on earnings. So for me who’s struggling between jobs, I don’t have to pay jack until they see reported income luckily.

      But the housing market here in Midwest US doesn’t seem like it’s changing for the better anytime soon. Median Housing cost is like triple average yearly salary, and on top of that our taxes are just abhorrent.