Don T Blame Student Debt For The Lack Of Millennial Home Ownership: Article Analysis

In the article “Don’t Blame Student Debt for The Lack of Millennial Home Ownership”, overviews the percentage of students who are in debt because of their decision to pursue post-secondary education. Because of the debt hampering millennials, the article discusses whether student debt “is preventing young people from buying homes and in turn preventing the housing market and broader economy from achieving a full recovery.” (Sharf, Samantha) The argument of student debt led to the comparison of median age home buyers from the 70’s and the early 2000s as well as in the years of 2010-2013. Interestingly, the years 2010-2013 had higher median age buying homes then 1970 and lower median age then the 2000s. Also, more Americans are in student debt

Interestingly, for a student to own a home depends on how much debt they are in and their income as well as their college education.

Critique: The article has a lot of pros and cons. The obvious con, is the amount of debt millennials are collecting and the fact that education is not getting any cheaper. Because education is very expensive most of us are not able to afford it, we are left with no choice but to take loans to gain knowledge and social experience so we can accomplish our dreams. The pro however, is the number of millennials pursuing post-secondary education and not limiting themselves from the amount of occupations that is available to them with college degrees. On that note, I definitely agree that it’s not student loans that’s preventing millennials from owning a home, but the level of education they have and the amount of currency they are getting paid.

It truly, doesn’t matter whether it’s paid through loans or parents, but what matters is the degree because more business are looking for a college education. In fact, nowadays to find a decent job you need at least an associate degree. And if you are an individual who is planning to start a business like I am, understanding the materials of an entrepreneurship is very important. Also, with more young people educated they’re will be more business in the future and more people buying a house because of the high level jobs they have. For me and other people who are in my position need to have at least the basics of starting a business and also go depth in the business world to be successful entrepreneur. According to the book “successful entrepreneurs see problems to be solved or opportunities that aren’t being addressed in the marketplace; they recognize opportunity niche. They also make improvements to existing products or systems.” (Better Business, 138) That means I need to understand the power of advertising and be a motivated entrepreneur that is willing to take risk and be flexible with the customers and be a well-rounded person. With the degree of business, I can be some of the individuals who earn a big salary annually and be able to pay back my debt and own a house so I don’t have to pay