[lurk]

Young adults, listen well: stay out of all forms of debt. You will be glad you did.

[dragnet2]

My advice to anyone wanting to buy a home?

You better have a bullet proof super secure good paying job, which offers great benefits and yearly raises and ya better have a great retirement along with it.

Otherwise it’s a damn good chance that home will become your worst enemy...

[grania]

I don't understand why people don't rent somewhere really inexpensive or live in a trailerpark or with relatives or whereever until their college debt is paid. Heck, I don't know why they go into debt for college. I don't understand why they aren't taking public transportation or driving cheap used cars.

I know nothing about the world of most of these Generation Xers. But one thing I'm pretty sure of is that they'll never be far enough out of debt to save for retirement.

[MrB]

Imagine how different the housing market would be if we followed the biblical model of “no loans longer than 7 years”.