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Looking back, most of us about 35 and older had it relatively easy.

Sure, we had student-loan debts that had to be paid off, but they usually weren’t crushing debts. For the most part, they were of the five-figure varieties — $10,000, $20,000, or sometimes even higher for med students.

But today? Six-figure student-loan debts are not at all uncommon for grads — and in a lousy economy for young people to boot. No matter how you cut it, inflation simply doesn’t account for the generational difference in debt-to-income ratios. That value of that old college degree is as much a burden as it is a plus to young people

So what happens under these conditions? Many young people are not even thinking of buying homes, and they have a very hard time getting mortgages even if they’re so inclined to take the leap into homeownership. It’s not a good long-term trend.

File under: Thank goodness for Empty Nesters

Contact me to find out more about Boston condos for sale or to set up an appointment call/text 617-595-3712.

Boston condos

Boston condos for sale

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For more information please contact one of our on-call agents at 617-595-3712.

Updated:  1st Q 2018

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