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- Student debt is actually not holding back the housing market, says economists
- How your parents affect your chances of buying a home
Increasing housing prices have the biggest effect on those who have not yet purchased a home-- young people who are attempting to reach one of the milestones of adulthood by putting down money for their first place of their own. Two articles from the Washington Post, and one from City Lab, look at how various economic factors affect those who are not current home owners when attempting to find affordable housing.
“For many would-be home buyers, the biggest obstacle isn’t the income to cover the mortgage or the credit score to qualify for one. It’s the huge pile of cash you have to hand over on closing day. A first home — especially in a high-cost city — demands not just that you make enough to cover the payments, but also that you have a lot to start with.”