Well, guess what? The number of spots for Calif residents is constantly squeezed out because of the out-of-state applicants. That happens regardless.

I don’t think it’s fair for foreigners to take the spots of residents just because they have money. UC is supported by taxpayers – which those foreigners are not.

This part about living expenses is just a side story if you want and you want to make a big deal about it. Not sure why you are up in arms. Do you think getting a student loan so one can wear latest fashion, buy an iphone, iPad, starbucks, etc is smart?

I don’t think it would pop the bubble if we limit the loans for the living expenses, ok? But it may make the kids think twice and find clever ways to cut costs.

Back to OP:
What do you think it’s going to happen in the future? What will cause the bubble to pop – or let out air slowly?