15,000 graduated from college in the greater Triangle area this year.
Yes it's true, great schools like NC State, UNC at Chapel Hill, Duke, Meredith, Shaw, Campbell, graduated approx 15,000 students this year. Graduates in medicine, engineering, textiles, science, nursing, law, veterinary medicine, business, art, education, agriculture and so many more.
OK so lets get the negative stuff out of the way. They are straddled with debt! There aren't any jobs for them...Please! They can't afford to buy a house! They are adding to the jobless ranks!
On the plus side close to 15,000 students graduated from college and are about to make there way into the working world where they will get jobs, they will pay off their student loans and they will spend money. They might not buy a house but they will buy beer, clothes, cars, food, flat screen TVs, furniture, kayaks, etc. So we'll just have to sell houses to the people who make beer, cook food, and design furniture.
Now I'm not naive enough to think that everything is just fine out there but some perspective is called for. It can't be all doom and gloom other wise it will always be doom and gloom.
So with 15,000 new workers out there I asked myself, would now be a good time for somebody to buy a house?
Here in Johnston County, North Carolina the whole county qualifies for 100% financing through the USDA program, couple that with the $8000 in tax credit and low interest rates... there probably has never been a better time. Now if you fear for your job then all of this means nothing, but will things turn around and the economy start humming again, come December the tax credit's gone, interest rates are up and maybe you'll have to put some money down on that house.
I'm just saying!
