The ugly twins, 'wealth effect' and 'momentum investment' have appeared so one last near-topic post...
Houses are not quite tulips, but if you're not familiar with the reference i'd suggest reading this before making
any investments financed by debt. Don't worry, this is not an apocalyptic piece, just an educational one.
SKIP the title and first half, start half way down at "
A cause to celebrate?":
BBC Economics Editor, Evan Davis Analysis - BBC News website
Actually there is one potential advantage associated with youth and taking on risky investments that could incur debt, but it's not something i'd promote so i'll leave that angle as an exercise for the reader.