My favor part of the spin the CBS put on this story was how these debts were 'crimping' the lifestyles of this college grads. They didn't have as much money to spend travelling and buying stuff and they were able to buy homes. Huh? College grads buying homes before they even start up their careers? Wow, do these kids have unreal expectations.
*****Huh? College grads buying homes before they even start up their careers? Wow, do these kids have unreal expectations.*****
Actually, a friend of mine and his brother bought a house near campus while they were going to college. The monthly payments werent much more than they would pay for an apartment. After his brother's graduation, he continued to live there and charged rent for a couple of roommates. Then he graduated just last fall, and is making money on the deal now, while building equity. And being near UT (in Austin), the value of the house is only going to increase.
I wouldnt say thats a bad plan.
My favor part of the spin the CBS put on this story was how these debts were 'crimping' the lifestyles of this college grads.
I have the same problem. Every darn day I have to go to work, and it REALLY cuts into the funtime. LIFE...it's just sooooo unfair.