Economics
Student Loans Prevent Nearly 20% of Millennials From Buying a Home
Photographer: Christopher Furlong/Getty Images
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About one in five millennials say that student loan debt is holding them back from homeownership, according to a survey commissioned by Bankrate.com. But, maybe that’s not such a bad thing because a majority of new home purchases come with regrets.
Almost two-thirds of millennial homeowners (ages 23-38) have buyers remorse over their home purchase. The most common regret among millennials is that they did not adequately anticipate unexpected maintenance costs.