On Wed, Jun 13, 2012 at 1:50 PM, Cameron Childress <[email protected]>wrote:
> > This is *exactly* a parallel > to the housing bubble, where people who had no business owning a house (or > as much house) were able to get a loan that they were never going to be > able to pay back. > I would say similar, but with a key difference: Nothing inherent in home ownership would logically increase the borrowers likelihood of paying off a loan. Whereas college graduates will earn nearly $1 million dollars more in their life time than a non graduate. Of course, just giving a poor kid the money to go to college doesn't guarantee you'll get a graduate....but doing the opposite does guarantee the inverse. I don't think there's an education bubble anywhere near as egregious as the housing bubble. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:351939 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
