theHRguy@lemmy.world to Today I Learned@lemmy.worldEnglish · 2 months agoTIL: There are 27.4 Empty Homes for Each Homeless Person in the U.Slockmedium.comexternal-linkmessage-square256fedilinkarrow-up1799arrow-down122
arrow-up1777arrow-down1external-linkTIL: There are 27.4 Empty Homes for Each Homeless Person in the U.Slockmedium.comtheHRguy@lemmy.world to Today I Learned@lemmy.worldEnglish · 2 months agomessage-square256fedilink
minus-squareTubularTittyFrog@lemmy.worldlinkfedilinkEnglisharrow-up1·2 months agoyes, they very much do. most people aren’t selling their 401K anytime soon if they aren’t in their 60s. but the value of that asset very much impacts their sense of financially security and their spending habits.
minus-squareWoodScientist@lemmy.worldlinkfedilinkEnglisharrow-up1·2 months agoSo your parents borrowed against the value of their home to put you through college. They could have also taken out parent plus loans to do the same thing. Why is this an argument for letting home prices soar?
minus-squareTubularTittyFrog@lemmy.worldlinkfedilinkEnglisharrow-up1·2 months agoyou can’t take out loans if you have no collateral.
minus-squareWoodScientist@lemmy.worldlinkfedilinkEnglisharrow-up1·2 months agoYes you can take out parent plus loans without collateral. That’s their entire reason for existing.
yes, they very much do. most people aren’t selling their 401K anytime soon if they aren’t in their 60s.
but the value of that asset very much impacts their sense of financially security and their spending habits.
So your parents borrowed against the value of their home to put you through college. They could have also taken out parent plus loans to do the same thing. Why is this an argument for letting home prices soar?
you can’t take out loans if you have no collateral.
Yes you can take out parent plus loans without collateral. That’s their entire reason for existing.