• Warfle99@lemmy.world
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    1 year ago

    We own a home because of the student loan pause. They sure as hell can take that. There is plenty left for the rich to scoop up. The student loan pause allowed me and many others to move forward in life.

    • FinnFooted@lemmy.world
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      1 year ago

      Sure, they can try to come after your assets. My point is:

      1. Having student loan debt doesnt guarantee you have assets like having a home loan does. You have a home. Many with student loans do not.

      2. Because the debt is not linked to an asset, the failure of people to pay back student loans en masse will not inherently lower the demand and thus value of an asset.

      3. Cheap homes have already been taken by cooperations. people with student loans selling their house probably won’t degrade the housing market. Something else will probably tho cos that’s also a shit show right now.