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.
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?