America’s Student Debt Machine
I was talking to my girlfriend the other day about this trying to wrap my head around what this will mean for the economy 20-30 years from now. We don&#x27;t have student debt so we&#x27;re in advantageous position. I keep wondering, what will happen to the housing market once the boomers die and their estates (and homes) are put on the market -- do prices drop because so many people have debt and can&#x27;t buy homes? Do they rise because the gap is filled by foreign investors and those who don&#x27;t have debt and&#x2F;or have the wealth to scoop these homes up? I haven&#x27;t been able to find any literature w.r.t to the long term impact of the student debt crisis.