Will student loan debt impact housing?

[Marcus Auerbach]

Just heard some concerns from Gary Keller about $3T student loan debt outpacing consumer debt at a two to one ratio. Looking at the chart this seems far from healthy. And how can it impact the housing market? Gary say Millenials are happy to buy a home, but held back by student loan debt.

Where will this go?

[Nicole Heasley Beitenman]

I've been saying this to anyone who will listen. Jaron, I'm in the same place as you--5 years out of college, did some really smart things and some really stupid things with my money, and am now serious about getting rid of the student loan debt. I also have friends banking on the 10-year forgiveness plan that the current administration is fighting tooth and nail to eliminate. It's incredibly shortsighted to depend on the government to fulfill their side of that bargain.

I absolutely believe that student loan debt combined with millennial behavior in general (less desire to settle in one place permanently, more job-hopping, greater focus on experiences rather than material possessions) will impact the housing market. The demand for rentals will only increase.