The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: SouthFloridaGuy who wrote (2518)	5/6/2002 1:35:18 PM
From: Ahda	Read Replies (1) of 306849

Young Americans don't give a sh!t about their credit. Some young Americans not all. It is the value of their parents and the advertising we advocate that causes the excessive use of credit. This promotes growth in the finance industry. The debt factor for an extended degree is not exactly cheap You get grants but you still have to repay the loan you take out. The cost of the education includes the loss of income one would receive if they were in the working force. Break even one assumes comes at a later date due to the higher salary one will hopefully draw. Today the cost is greater as many post grad students find they have to intern for a year in order to get a job. They also find that because the job market is tighter than was and the wages are less than were anticipated. In people who do not have adequate training you have exactly the same problem of extended use of credit. Only they are looking at long term debt in the continued interest charges that are attached to their cost of groceries. The quirk of it all is here in Southern CA costs of housing continues to rise as expectations of increased wages are diminishing.

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