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It's become nearly unlivable for middle class people in some parts of the country. I'm guessing most people here are already home-owners and thus haven't noticed it as much but it's nearly impossible for people starting out today. Lower CoL now!
The Fed tracks something called the "financial obligations ratio" and even breaks it out separately for homeowners and renters. Currently the ratio is twice as high for renters than it is for homeowners and the gap is rising.
But this country is all about homeowners so nobody cares until homeowners feel the pain.
The two are not mutually exclusive, I wasn't trying to imply that. All I was saying is that even entrepreneurship courses wont really give you that. I think not just college grads but most people are clueless when it comes to being an entrepreneur.
The cost of college is rather high. Say you do community college for two/two & 1/2 years but it still don't offset the cost of the two years at university. Two years of university still cost two years. You just cut off two years from it.
For real? All three of my kids graduated from college. My oldest went to law school. They started working when they were freshmen in high school. None of them owe any student loans and I'm not an old rich white dude either. You work your way through it. It's the pay as you go program. If you can only afford to pay for 9 credit hours in one semester then that's all you take. If you can afford more the next semester then you take more. A very simple concept.
For real? All three of my kids graduated from college. My oldest went to law school. They started working when they were freshmen in high school. None of them owe any student loans and I'm not an old rich white dude either. You work your way through it. It's the pay as you go program. If you can only afford to pay for 9 credit hours in one semester then that's all you take. If you can afford more the next semester then you take more. A very simple concept.
HowTF did your oldest pay for law school without loans? I worked since I was a freshman in high school but min wage jobs don't pay enough for law school.
Doubling the workforce and increasing divorce rates would have had the same impact.
The same way people that default on mortgages screw people over that want to buy cheap houses. If you want to buy a house for $30K you can't get a 30 year loan.
It honestly doesn't matter what the quality of the property is. When lenders see that the majority of housing isn't owner occupied the underwriters take that into account. I imagine that they ask themselves why should they loan money for that property when most people don't want to own it. It isn't that hard to find condos that qualify for loans.
WhoTF thinks most people don't want to own it - and WhereTF do they get that idea? Rent slaves would love to own it but can't.
Of course, these lenders are the same lenders who won't lend to the rent slaves the funds needed to acquire the property, so it's all rather circular.
HowTF did your oldest pay for law school without loans? I worked since I was a freshman in high school but min wage jobs don't pay enough for law school.
Scholarships, work study, savings, internships, grants, part-time work and more part-time work.
It has been pointed out by several studies that raising the min wage brings more people into into poverty than it takes out. Your min wage was raised 2X in the past 4 years, are you doing better or no?
I'm doing the same but that's because I'm a rent slave, therefore all wage increases are captured by my landlord.
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Lower CoL now! 
breaks it out separately for homeowners and renters. Currently the ratio is twice as high for renters than it is for homeowners and the gap is rising.
