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Originally Posted by Edify_Always_In_All_Ways  Despite the instability of capitalism, having an education allows the same people who are now getting their houses taken to invest wisely and live in an apartment until they can actually afford what they're buying. |
Risk taking is an integral part of rational economic man. The important aspect is that there will always be an inefficiently high number risking home ownership because of the fear of old age poverty. No level of education will eliminate those problems. We'd instead need to see changes to the welfare state.