WALTER RUSSELL MEAD: Higher Education Bubble Hits Housing Market:

Don’t think you’re off the hook if you aren’t one of these students who owes money. Many economists now believe that we may be approaching a crisis point at which the crushing debt burden faced by twenty and thirty somethings will forestall important life steps like buying a car, getting married, or owning a home. This last item in particular could be a serious blow for the still-shaky housing market. For Boomers looking to retire and supplement their savings with house equity, this is going to hurt: if the rising generation is too burdened by debt to pay top dollar for housing, retiring Boomers are going to get less of a windfall than they were hoping.

Yep. As I’ve said before, it’s hard to buy a house when you’ve basically already got a mortgage.