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Wanna share why having loans make people price-ineslastic? Mortgages are a thing and people aren't indifferent to house prices.
by bdjsiqoocwk 3y ago
Wanna share why having loans make people price-ineslastic? Mortgages are a thing and people aren't indifferent to house prices.
- gnicholas 3y agoMortgages don't qualify for income-based repayment schemes or forgiveness for govt/nonprofit employees.
- quickthrowman 3y agoMortgages must be paid on time or your lender will foreclose on your home and liquidate it to pay off your debt. That is impossible to do with an education. Add in loan forgiveness and income based repayment from the sibling comment, and the fact that a mortgage is securitized by collateral and it’s almost like a student loan and a mortgage have nothing in common aside from being loans.