Menu

Home › Forums › Other › College bubble and housing bubble

Viewing 15 posts - 226 through 240 (of 311 total)
1 2 3 … 15 16 17 … 19 20 21
  • Author
    Posts
  • May 7, 2011 at 11:06 AM #694554
    SK in CV
    Participant

    [quote=Scarlett]totally true. And nice clothing isn’t necessary. We don’t know how many of those with premium clothes and iphones have students loans and how many don’t – but there seem to be the majority of them. Maybe those with nice clothes do eat top ramen because those are their priorities. So it’s hard to prove one way or the other, who is doing what, but in general student life seems better and more expensive and more people are enjoying better clothes/electronics etc. than when I was in college 20 years ago.[/quote]

    Having had two kids just recently finish up at UC (one here at UCSD and the other at UC Santa Cruz), here’s what I’ve seen. Most kids don’t have much money. If their parents can somehow afford to pay for their tuition and rent, spending money is usually the student’s responsibility. Most have a job to cover that. (That’s how my kids did it.) The very lucky ones have iphones their parents pay for, but not most.

    My son (at UCSC) lived in a 3 bedroom apartment with 5 other kids (one “lived” in a large closet.) It was a house converted into 3 apartment units, so they shared a single DSL connection with wireless among about 15 kids. Much of their food came from dumpster diving. They know exactly when the bakery and produce stores throw out their unsalable stuff. The used clothing stores in downtown Santa Cruz are packed with students every weekend. They ride bikes to save on gas money. If they eat at restaurants, it’s cheap restaurants.

    While the surroundings were a bit nicer at UCSD, I didn’t see a lot of kids wasting money. They work. Particularly those on grants or student loans. My daughter tutored high school kids 16-20 hours a week. Her roommate gave ice skating lessons. They price shop. Their nice clothes come from Marshall or Ross.

    Not a lot different than when I was in college, when my first semester cost $200 including books. And we ate tuna from a can and a lot of quesadillas.

    May 7, 2011 at 11:12 AM #693375
    bearishgurl
    Participant

    [quote=SK in CV] . . . Not a lot different than when I was in college, when my first semester cost $200 including books. And we ate tuna from a can and a lot of quesadillas.[/quote]

    I still eat tuna from a can and quesadillas :=]

    May 7, 2011 at 11:12 AM #693453
    bearishgurl
    Participant

    [quote=SK in CV] . . . Not a lot different than when I was in college, when my first semester cost $200 including books. And we ate tuna from a can and a lot of quesadillas.[/quote]

    I still eat tuna from a can and quesadillas :=]

    May 7, 2011 at 11:12 AM #694060
    bearishgurl
    Participant

    [quote=SK in CV] . . . Not a lot different than when I was in college, when my first semester cost $200 including books. And we ate tuna from a can and a lot of quesadillas.[/quote]

    I still eat tuna from a can and quesadillas :=]

    May 7, 2011 at 11:12 AM #694206
    bearishgurl
    Participant

    [quote=SK in CV] . . . Not a lot different than when I was in college, when my first semester cost $200 including books. And we ate tuna from a can and a lot of quesadillas.[/quote]

    I still eat tuna from a can and quesadillas :=]

    May 7, 2011 at 11:12 AM #694559
    bearishgurl
    Participant

    [quote=SK in CV] . . . Not a lot different than when I was in college, when my first semester cost $200 including books. And we ate tuna from a can and a lot of quesadillas.[/quote]

    I still eat tuna from a can and quesadillas :=]

    May 7, 2011 at 11:23 AM #693380
    SK in CV
    Participant

    [quote=bearishgurl]

    I still eat tuna from a can and quesadillas :=][/quote]

    Me too on the quesadillas. Canned tuna not so much. Not even tuna noodle surprise with potato chip crust.

    May 7, 2011 at 11:23 AM #693458
    SK in CV
    Participant

    [quote=bearishgurl]

    I still eat tuna from a can and quesadillas :=][/quote]

    Me too on the quesadillas. Canned tuna not so much. Not even tuna noodle surprise with potato chip crust.

    May 7, 2011 at 11:23 AM #694065
    SK in CV
    Participant

    [quote=bearishgurl]

    I still eat tuna from a can and quesadillas :=][/quote]

    Me too on the quesadillas. Canned tuna not so much. Not even tuna noodle surprise with potato chip crust.

    May 7, 2011 at 11:23 AM #694211
    SK in CV
    Participant

    [quote=bearishgurl]

    I still eat tuna from a can and quesadillas :=][/quote]

    Me too on the quesadillas. Canned tuna not so much. Not even tuna noodle surprise with potato chip crust.

    May 7, 2011 at 11:23 AM #694564
    SK in CV
    Participant

    [quote=bearishgurl]

    I still eat tuna from a can and quesadillas :=][/quote]

    Me too on the quesadillas. Canned tuna not so much. Not even tuna noodle surprise with potato chip crust.

    May 7, 2011 at 11:33 AM #693385
    briansd1
    Guest

    [quote=bearishgurl]

    The preferences are generational and also there are many more designer items available now, as well as knockoffs than there were in “yesteryear.”[/quote]

    I think that it has to do with easy credit.

    When I was young, if you drove a Cadillac, you were The Man. Now, everybody can lease a luxury car.

    If you throw enough money at a sector you will cause inflation. We threw at lot of money a higher education by allowing students to get into debt (and private lenders to benefit).

    Good documentary:
    http://www.pbs.org/wgbh/pages/frontline/collegeinc/

    econprof is right, an adjustment is good.

    May 7, 2011 at 11:33 AM #693463
    briansd1
    Guest

    [quote=bearishgurl]

    The preferences are generational and also there are many more designer items available now, as well as knockoffs than there were in “yesteryear.”[/quote]

    I think that it has to do with easy credit.

    When I was young, if you drove a Cadillac, you were The Man. Now, everybody can lease a luxury car.

    If you throw enough money at a sector you will cause inflation. We threw at lot of money a higher education by allowing students to get into debt (and private lenders to benefit).

    Good documentary:
    http://www.pbs.org/wgbh/pages/frontline/collegeinc/

    econprof is right, an adjustment is good.

    May 7, 2011 at 11:33 AM #694070
    briansd1
    Guest

    [quote=bearishgurl]

    The preferences are generational and also there are many more designer items available now, as well as knockoffs than there were in “yesteryear.”[/quote]

    I think that it has to do with easy credit.

    When I was young, if you drove a Cadillac, you were The Man. Now, everybody can lease a luxury car.

    If you throw enough money at a sector you will cause inflation. We threw at lot of money a higher education by allowing students to get into debt (and private lenders to benefit).

    Good documentary:
    http://www.pbs.org/wgbh/pages/frontline/collegeinc/

    econprof is right, an adjustment is good.

    May 7, 2011 at 11:33 AM #694216
    briansd1
    Guest

    [quote=bearishgurl]

    The preferences are generational and also there are many more designer items available now, as well as knockoffs than there were in “yesteryear.”[/quote]

    I think that it has to do with easy credit.

    When I was young, if you drove a Cadillac, you were The Man. Now, everybody can lease a luxury car.

    If you throw enough money at a sector you will cause inflation. We threw at lot of money a higher education by allowing students to get into debt (and private lenders to benefit).

    Good documentary:
    http://www.pbs.org/wgbh/pages/frontline/collegeinc/

    econprof is right, an adjustment is good.

  • Author
    Posts
Viewing 15 posts - 226 through 240 (of 311 total)
1 2 3 … 15 16 17 … 19 20 21
  • You must be logged in to reply to this topic.