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Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by Mirioron on Tuesday December 10, 2019 @11:32PM (#21759617)
Why would transportation costs be higher in the US? Gasoline is two times cheaper in the US than in Sweden. Food is roughly the same price, depending of what you eat.
Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by sykick on Wednesday December 11, 2019 @12:41AM (#21759901)
Public transportation is very bad in the U.S. Even in major cities. For the vast majority of people a car is a necessity in the U.S. Most Americans end up in debt to buy a car. Then there is insurance and the opportunity cost of the government having to spend a great deal of money on road maintenance that could otherwise be spent on things like education.
Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by treden on Wednesday December 11, 2019 @02:28AM (#21760368)
European cities have much higher population density, and the lower personal income (often via higher taxes and, ironically, worker protection laws) changes the tradeoff between driving and taking pub trans, so more people take the bus. The tradeoff is that a lot of people live in small boxes.

And european governments have plenty of bs job creation engines like roadwork, too.

Would be nice to have some data. One related observation, that seems less surprising the longer I live here, is that europe has no spacex, google, tesla, nasa, coherent mars rovers, the list goes on... if you give people stuff, they're mostly just afraid someone's going to take it away. But yeah, to echo someone else's comment, I'd rather be poor, or even average, in Europe. I guess being super wealthy here wouldn't be that bad either, since nobody's nipping at your heels.

Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by maeln on Wednesday December 11, 2019 @04:40AM (#21760968)
> europe has no spacex, google, tesla, nasa, coherent mars rovers, the list goes on...

The European Space Agency, Airbus, a huge number of car manufacturer, ... It's not surprising that the #1 economy in the world has more big company than the #3 one (when they decide to group). A lot can be said also about the American culture and politics when it comes to entrepreneurship. But presenting Europe like its devoid of any important industry is also outright false :) .

Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by reallydontask on Wednesday December 11, 2019 @04:24AM (#21760891)
> And european governments have plenty of bs job creation engines like roadwork, too.

Do you really think that there isn't economic value in roadworks?

Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by dillonmckay on Wednesday December 11, 2019 @05:43AM (#21761268)
US BS job creation is in healthcare, particularly insurance processing and billing, not roads.
Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by sschueller on Wednesday December 11, 2019 @06:33AM (#21761532)
Printing paper checks in the 21st century....
Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by imtringued on Wednesday December 11, 2019 @07:00AM (#21761656)
>that seems less surprising the longer I live here, is that europe has no spacex, google, tesla, nasa, coherent mars rovers

These lists are meaningless. I can do the same thing and get smug about Intel, TSMC and Samsung buying EUV equipment from Europe.

Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by swagasaurus-rex on Tuesday December 10, 2019 @11:37PM (#21759638)
Cars are required in most cities in the US to hold a job due to lack of public transportation.

Cars are required in most rural areas in the US because there is no other way around.

Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by Izkata on Wednesday December 11, 2019 @12:55AM (#21759956)
On that second point, a perspective note for non-US people who don't realize: Sweden has about the same geographic area as just California. Only covers about 5% of the whole contiguous US.
Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by Gwypaas on Wednesday December 11, 2019 @01:28AM (#21760076)
And there's 40 million people in California compared to 10 million in Sweden. So comparatively California is a densely populated mecca.
Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by lotsofpulp on Wednesday December 11, 2019 @04:05AM (#21760786)
Transportation costs for most individuals are related to density at a city level, not a nation level, so I don’t see the relevance of comparing density of a nation.
Re:Student Loans a Lot Like the Subprime Mortgage Debacle, W... by ryannevius on Wednesday December 11, 2019 @01:28AM (#21760072)