I bought a house in late 2001. People thought I was crazy to pay what I did, but still, in less than five years, I could’ve sold that house for double what I paid. But just two years later, if I wanted to sell it, I would have taken a loss.
When people talk about the “value of a quality education,” they’re probably not talking about education. What does a “quality” education look like? It’s expensive. The money doesn’t really get you a better education. It gets you social capital.