Nearly a third of parents and students believe that a college education is overpriced compared with its value, according to a recent Sallie Mae and Ipsos study.
The market and the general public had been massively overconfident due to the prior trend of market growth, overpricing the stock and artificially inflating the market as a result.
Moreover, with the cost of debt rising, owners of office towers, hotels, shopping malls and other types of property risk being stuck with lower returns on assets that may now be overpriced.