The next generation of home buyers has too much college debt

Housing Storm reports:

The cost of college has exploded over the last decade, outpacing even the housing bubble. The culprits are the same wolves, just dressed up a little differently: easy credit, greed, and lots of kool-aid to to around. The toxic combination of high student debt levels and a terrible job market is crippling the financial future of recent college grads. From a real estate perspective, this could impact the starter-home markets for the a decade or more as the next generation of first-time homebuyers is already burdened with too much debt.

Even worse, government-backed student loan debt cannot be walked-away from or discharged in bankruptcy. Many will be saddled with their debts for decades to come.