Comments by "Ace1000ks1975" (@Ace1000ks19751982) on "The Problem with "Free" College | Joe Rogan u0026 Andrew Yang" video.

When a lot of money is funneled into any sector, it usually results in prices going up. For example when, it was very easy to get loans to buy homes from 2000 to 2007.
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Exactly, but the problem with student loans is you can't default on it, or file bankruptcy to get rid of it. Those loans are owed to the Federal government via Sallie Mae. When I graduated from university in 2001, I had $2000 in student loan debts, and they wanted it right after I graduated my undergraduate degree. Fortunately, I didn't have a lot of student loan debt, because I was working while I was going to school. This is why it took me longer to graduate. I had money, because I had a job while I was going through university. Too bad these Millennials are financially illiterate, most of them will never get underneath this debt. I knew this one girl, she had $75,000 in student loan debts, and this was in 2009. She owes $100,000 now, because she missed payments, and she didn't pay. The interest keep on accruing. The government can find you via your Social Security number and garnish 15% of your paycheck. Being a debtor must suck.
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@tormentorox1 when a bubble pops, people tend to get hurt. The best way is not to get caught up in a bubble, but sometimes we can't do anything about it. For example, if you need to rent or buy real estate, you have no choice. A lot of students who are going to college don't have a choice either, they have to pay these high prices. The same goes for commodity prices which are speculated, like what happened to oil and gasoline back in 2008. You need to put gasoline in your car.
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