Comment by agitator

Because if you for example you held off on buying a house to pay off loans, and the day after you saved up enough for your down payment, your buddy Jeff, who ignored his loans, racking up interest, making questionable financial decisions, suddenly gets his loans payed off and now is competing in the housing market with you and everyone else, and home prices rise as a result, pushing your first home out of reach yet again, you are going to be pretty pissed off.