A Door County architect says student loan refinancing or forgiveness could make housing more affordable for some families. College graduates face high interest rates and long repayment terms for student loans. Virge Temme says that makes it all but impossible for potential home buyers to come up with a down payment. Temme suggests that refinancing or even forgiveness would create a market for new home buyers.
Temme says another obstacle for prospective home buyers is stagnant wages. She points out that the federal minimum wage has not been raised in just over a decade and is not keeping up with inflation.
