Thursday, September 2, 2010
Mark J. Perry
(University of Michigan-Flint, School of Management), The Higher Education Bubble Is About to Burst
Note that the housing bubble resulted from about a 4-time increase in home prices between 1978 and 2006, and college tuition has now increased by more than twice that amount since 1978 - it's gone up by more than a factor of ten times. The college tuition bubble makes the housing price bubble seem pretty lame by comparison.