It's a Ponzi Scheme. Isn't that wildly apparent?
When your kids no longer want to go to university, and instead want to become real estate investors and homedebtors since that's where the real money is, you know not only are you post-peak, but you're f*cked.
An increasing number of young Britons are choosing to skip university in a bid to get onto the housing ladder more quickly, according to a new survey.
The Lloyds TSB study found that one in ten 18 to 24-year-olds has chosen not to go into higher education in order to start saving money towards buying property.
One in three respondents called for university tuition fees to be cut in order to help bring down the average first-time buyer age.
It seems that homebuying is now more important to many young Britons than getting a degree, with three quarters of respondents saying that homeownership is the goal they would most like to achieve before turning 30 – coming ahead of getting married and having children.