Here, from Fannie Mae, some not-so-light reading on the effects of education on home ownership:

As student loan debt has mounted and young-adult homeownership rates have fallen over the past decade, considerable attention has focused on the nexus among student loans, education, and homeownership. Recent analyses suggest that the benefits of attaining a college education outweigh the downsides of student loan debt when it comes to achieving homeownership.

Although valuable, this recent research doesn’t fully disentangle the complex, interconnected avenues by which educational attainment and other factors shape the homeownership prospects of young adults. In particular, the intergenerational channels by which parental resources affect their children’s homeownership status have not been fully separated from the roles of their children’s education and other endowments. Parental wealth enhances children’s chances for homeownership through direct financial assistance around the time of home purchase. But prior to that, family economic resources might also support college attendance by the children. In turn, higher education supports higher earnings and thus provides a financial foundation for achieving homeownership. Without knowledge of parental resources, children’s educational attainment might assume an exaggerated importance in homeownership achievement. However, if education has an effect that is independent of parental resources, it would suggest that public policies to promote higher education could have the added benefit of promoting greater homeownership attainment.

In the second of a series of studies sponsored by Fannie Mae, Dowell Myers, Gary Painter, and Julie Zissimopoulos of the University of Southern California unpack the complex relationships among adult children’s homeownership attainment, their education and other characteristics, and their parents’ resources.

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