[paulddraper]

> Cars and houses are both heavily regulated for the exact reason of information asymmetry.

Not really. I've bought and sold houses and cars while knowing relatively little.

The real difference between cars, houses, and educations is that the first two are collateral and lenders do due diligence to avoid foreclosure.

Educations can't be forclosed on -- there is no collateral, and relatedly the loans are non-dischargable.