When we talk about Americans barely into adulthood who are saddled with debilitating levels of debt, the conversation is almost always about student loan debt. But there’s a growing body of evidence suggesting that today’s young adults are also drowning in credit-card debt — and that many of them will take this debt to their graves.
renters
Market for Investment and Vacation Homes Has Been Booming
Buyers snatched up houses as investment properties and second homes at an especially fast clip last year. The number of homes purchased for investment purposes rose a whopping 65% in 2011, from 749,000 to 1.23 million …
McMansion Cul-de-Sacs Become College Student Ghettos
You know all those people who bought spacious deluxe new homes in sprawling exurb developments, then lost the properties in foreclosure when the real estate market collapsed? Well, their younger siblings in college may now be …