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A comment on A generation of American men give up on college. Parent comment

Re:A generation of American men give up on college by loonster on Tuesday September 07, 2021 @12:41PM (#28446860)
As the percentage goes lower the amount of debt will increase. The same thing happened in mortgages. The monthly payment stayed relative constant (plus inflation).
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Re:A generation of American men give up on college by ric2b on Tuesday September 07, 2021 @02:20PM (#28448036)
We're talking about teenagers, not adults with several years of household finance experience.
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Re:A generation of American men give up on college by loonster on Wednesday September 08, 2021 @01:24PM (#28460253)
It doesn't matter. People care more about the monthly payment than they do the debt #. You can afford a much higher debt burden if the interest rate is smaller.

For fun, assume you can afford $1000/month in housing costs. With a 30yr mortgage and 20% interest rate. How expensive of a house can you afford? What if interst rates dropped to 10%? 5? 2.5?

Very strong correlation with home prices over the last 40 years.

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