I’m not trying to say the number is good or bad. The discussion I was prompting was the impact on local real estate.
As far as who got it and why, that’s a whole other universe of discussion.
The link was from UCSD and it showed the number of non resident students.
Your claim that it was 16,000 is off by a factor of 4. It is about 4500 including foreign and out of state.
Yes college is expensive and housing is a key part of the cost, thus the inflated demand for RE as the student population grows and more affluent students are coming in. I do disagree with the idea that students should be admitted based on ability to pay. The spots should go primarily to California residents based on academic achievement.
Looking more broadly, the number of students here is but a drop in the ocean in the sea of affluent people who may decide to buy here or elsewhere in the US in the coming years. I expect this wave of investment to continue for years and possibly decades. This may not be a comfortable proposition but it is today’s reality and even D Trump will not be able to significantly turn the tide in spite of all the fear. In fact, once it becomes clear than even he can’t slow immigration, the speed will likely pickup again (hopefully mostly of legal immigration).
So you know what I do agree with: college should be affordable, locals and out of state students should pay their fair share, administrators and overheads should be kept to a minimum. Student debt loads should be capped to avoid overspending and students should be given financial counseling before taking on debt.
I could go on but the discussion is about real estate.
