“a home mortgage is secured by… the home. Which a bank can sell. It may go up in value, it may go down, but at the end of the day, there is real property with some economic value underlying the loan.”
I do not know how this is related to my thesis: “It is not like people disagree with the notion that one should not take on “enormous” amount of debt; it is more about what constitutes as enormous. This cutoff has a very wide range.”
“I wouldn’t encourage people to look to the housing market as the way to think about education loans.”
I respect you point of view. We just see things from different perspectives.