Housing Prices Since 1890

I was always told that taking out debt to fund the purchase of a home or education would always pay for itself.

This graphic is from Nate Silver’s new book.

20121028-200353.jpg

It’s interesting that housing prices were relatively stable before the misguided policies of the Clinton and Bush administrations perpetuated a bubble. These policies were rooted in the idea that every American should own a home.

One can’t help but wonder whether the same will hold true for education. Is the notion that everyone needs to have a college education (and misguided policy) leading to a student loan bubble?

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