College bubble and housing bubble

[SK in CV]

[quote=carlsbadworker] In fact, as Larry Summers observe, everything that the government touches, from healthcare to post office, is bound to have lower productivity growth and as a result its share of household expanses is going to increase. [/quote]

Pretty typical of Summers to ignore facts and just spout idealogy. The USPS works. Very well, actually. Cheapest postage in the world. Increased efficiency every year for the last 10 on significantly lower volume. Retirement plan 99% fully funded. Without a single penny of government money. Summers proves his foolishness again.

(And Medicare works too. Very well.)

[north park girl]

[quote=walterwhite]Maybe burst is the wrong word. How about balk? Or at least hesitate, question and think before enrolling.[/quote]

I was considering an MBA last year, even applying to a few top schools for technology (Stanford, MIT, Berkeley). After getting rejected from all three, I thought about casting a wider net, then saw this article about law school debt: http://www.nytimes.com/2011/01/09/business/09law.html

Now rethinking the whole MBA thing–at least with law school you come out with a more concrete skill–with business programs I feel like I’m paying for a name on a resume and possibly a network, less so an education.

As for undergrad programs, I don’t see it letting up anytime soon. There’s a perception that more expensive is better (I remember reading an article about a school that raised tuition and got MORE applications the subsequent year). If you read college guidebooks that compare different schools, they talk as much about the campus, food, dorms, and athletic facilities as they do the classes–these things seem important to a 17 year old. Looking back, I wasn’t nearly mature enough to get the most out of all the opportunities there were at my school–I had too much fum living with 300 people my age unsupervised.

A teacher friend of mine told me that if she got back into the classroom (she manages after school programs now) she would do an exercise with her high school students working backwards: say you want to live in a nice house one day. Maybe in a nice San Diego neighborhood. Look at the cost of a house, how much payments are. Add in other expenses and taxes, how much do you need to make to afford that (don’t forget saving for retirement)? What kind of jobs would pay that much? How much education do you need to do that job (most science fields, you need a PhD, for example, an undergrad degree won’t cut it)? How much does all that cost? Make sure to add it to your list of expenses. I think every student should do this–gets students thinking about the future in a realistic way and picking a major that gets them where they want, and also realizing how expensive being an adult is!

[north park girl]

[quote=walterwhite]Maybe burst is the wrong word. How about balk? Or at least hesitate, question and think before enrolling.[/quote]

I was considering an MBA last year, even applying to a few top schools for technology (Stanford, MIT, Berkeley). After getting rejected from all three, I thought about casting a wider net, then saw this article about law school debt: http://www.nytimes.com/2011/01/09/business/09law.html

Now rethinking the whole MBA thing–at least with law school you come out with a more concrete skill–with business programs I feel like I’m paying for a name on a resume and possibly a network, less so an education.

As for undergrad programs, I don’t see it letting up anytime soon. There’s a perception that more expensive is better (I remember reading an article about a school that raised tuition and got MORE applications the subsequent year). If you read college guidebooks that compare different schools, they talk as much about the campus, food, dorms, and athletic facilities as they do the classes–these things seem important to a 17 year old. Looking back, I wasn’t nearly mature enough to get the most out of all the opportunities there were at my school–I had too much fum living with 300 people my age unsupervised.

A teacher friend of mine told me that if she got back into the classroom (she manages after school programs now) she would do an exercise with her high school students working backwards: say you want to live in a nice house one day. Maybe in a nice San Diego neighborhood. Look at the cost of a house, how much payments are. Add in other expenses and taxes, how much do you need to make to afford that (don’t forget saving for retirement)? What kind of jobs would pay that much? How much education do you need to do that job (most science fields, you need a PhD, for example, an undergrad degree won’t cut it)? How much does all that cost? Make sure to add it to your list of expenses. I think every student should do this–gets students thinking about the future in a realistic way and picking a major that gets them where they want, and also realizing how expensive being an adult is!

[north park girl]

[quote=walterwhite]Maybe burst is the wrong word. How about balk? Or at least hesitate, question and think before enrolling.[/quote]

I was considering an MBA last year, even applying to a few top schools for technology (Stanford, MIT, Berkeley). After getting rejected from all three, I thought about casting a wider net, then saw this article about law school debt: http://www.nytimes.com/2011/01/09/business/09law.html

Now rethinking the whole MBA thing–at least with law school you come out with a more concrete skill–with business programs I feel like I’m paying for a name on a resume and possibly a network, less so an education.

As for undergrad programs, I don’t see it letting up anytime soon. There’s a perception that more expensive is better (I remember reading an article about a school that raised tuition and got MORE applications the subsequent year). If you read college guidebooks that compare different schools, they talk as much about the campus, food, dorms, and athletic facilities as they do the classes–these things seem important to a 17 year old. Looking back, I wasn’t nearly mature enough to get the most out of all the opportunities there were at my school–I had too much fum living with 300 people my age unsupervised.

A teacher friend of mine told me that if she got back into the classroom (she manages after school programs now) she would do an exercise with her high school students working backwards: say you want to live in a nice house one day. Maybe in a nice San Diego neighborhood. Look at the cost of a house, how much payments are. Add in other expenses and taxes, how much do you need to make to afford that (don’t forget saving for retirement)? What kind of jobs would pay that much? How much education do you need to do that job (most science fields, you need a PhD, for example, an undergrad degree won’t cut it)? How much does all that cost? Make sure to add it to your list of expenses. I think every student should do this–gets students thinking about the future in a realistic way and picking a major that gets them where they want, and also realizing how expensive being an adult is!

[north park girl]

[quote=walterwhite]Maybe burst is the wrong word. How about balk? Or at least hesitate, question and think before enrolling.[/quote]

I was considering an MBA last year, even applying to a few top schools for technology (Stanford, MIT, Berkeley). After getting rejected from all three, I thought about casting a wider net, then saw this article about law school debt: http://www.nytimes.com/2011/01/09/business/09law.html

Now rethinking the whole MBA thing–at least with law school you come out with a more concrete skill–with business programs I feel like I’m paying for a name on a resume and possibly a network, less so an education.

As for undergrad programs, I don’t see it letting up anytime soon. There’s a perception that more expensive is better (I remember reading an article about a school that raised tuition and got MORE applications the subsequent year). If you read college guidebooks that compare different schools, they talk as much about the campus, food, dorms, and athletic facilities as they do the classes–these things seem important to a 17 year old. Looking back, I wasn’t nearly mature enough to get the most out of all the opportunities there were at my school–I had too much fum living with 300 people my age unsupervised.

A teacher friend of mine told me that if she got back into the classroom (she manages after school programs now) she would do an exercise with her high school students working backwards: say you want to live in a nice house one day. Maybe in a nice San Diego neighborhood. Look at the cost of a house, how much payments are. Add in other expenses and taxes, how much do you need to make to afford that (don’t forget saving for retirement)? What kind of jobs would pay that much? How much education do you need to do that job (most science fields, you need a PhD, for example, an undergrad degree won’t cut it)? How much does all that cost? Make sure to add it to your list of expenses. I think every student should do this–gets students thinking about the future in a realistic way and picking a major that gets them where they want, and also realizing how expensive being an adult is!

[north park girl]

[quote=walterwhite]Maybe burst is the wrong word. How about balk? Or at least hesitate, question and think before enrolling.[/quote]

I was considering an MBA last year, even applying to a few top schools for technology (Stanford, MIT, Berkeley). After getting rejected from all three, I thought about casting a wider net, then saw this article about law school debt: http://www.nytimes.com/2011/01/09/business/09law.html

Now rethinking the whole MBA thing–at least with law school you come out with a more concrete skill–with business programs I feel like I’m paying for a name on a resume and possibly a network, less so an education.

As for undergrad programs, I don’t see it letting up anytime soon. There’s a perception that more expensive is better (I remember reading an article about a school that raised tuition and got MORE applications the subsequent year). If you read college guidebooks that compare different schools, they talk as much about the campus, food, dorms, and athletic facilities as they do the classes–these things seem important to a 17 year old. Looking back, I wasn’t nearly mature enough to get the most out of all the opportunities there were at my school–I had too much fum living with 300 people my age unsupervised.

A teacher friend of mine told me that if she got back into the classroom (she manages after school programs now) she would do an exercise with her high school students working backwards: say you want to live in a nice house one day. Maybe in a nice San Diego neighborhood. Look at the cost of a house, how much payments are. Add in other expenses and taxes, how much do you need to make to afford that (don’t forget saving for retirement)? What kind of jobs would pay that much? How much education do you need to do that job (most science fields, you need a PhD, for example, an undergrad degree won’t cut it)? How much does all that cost? Make sure to add it to your list of expenses. I think every student should do this–gets students thinking about the future in a realistic way and picking a major that gets them where they want, and also realizing how expensive being an adult is!

[eavesdropper]

[quote=north park girl] A teacher friend of mine told me that if she got back into the classroom (she manages after school programs now) she would do an exercise with her high school students working backwards: say you want to live in a nice house one day. Maybe in a nice San Diego neighborhood. Look at the cost of a house, how much payments are. Add in other expenses and taxes, how much do you need to make to afford that (don’t forget saving for retirement)? What kind of jobs would pay that much? How much education do you need to do that job (most science fields, you need a PhD, for example, an undergrad degree won’t cut it)? How much does all that cost? Make sure to add it to your list of expenses. I think every student should do this–gets students thinking about the future in a realistic way and picking a major that gets them where they want, and also realizing how expensive being an adult is![/quote]

Kudos to your friend, the teacher!! We could use more like her.

I’ll go a bit farther: when I was younger, they were still trying to force female students into Home Economics, which was supposed to teach you how to take care of a house and cook and sew for your (obligatory) husband. I think that they did away with that too quickly. They should expand the course into a Life Management curriculum, and all male and female students should have to take it for 3 class periods per week in 10th and 11th grades. It should include all of the topics/skills they’ll need in life that their parents are supposed to teach them, but aren’t skilled in themselves. Basic personal finance (including the meaning of interest and how to calculate it, budgeting, use of credit, how to choose and purchase a car, insurance), basic nutrition and cooking, basic household cleaning and maintenance, minor household repairs/construction/electrical (I’m talking minor drywall patching or replacing the cord on a lamp), child care and first aid. I think that the essentials of investing and minor retirement planning should also be taught. If a parent cares enough to school their kids in these skills, those students can test out of the requirement.

If kids were in school for excessive amounts of time, this would create a hardship. But most high-schoolers are in attendance for 2 to 4 hours per day, exclusive of lunch, study halls, and extracurricular activities. Geez, if we can’t teach them to read past a 6th grade level, or to add and subtract without a calculator, let’s at least teach ’em to take care of their basic needs.

[eavesdropper]

[quote=north park girl] A teacher friend of mine told me that if she got back into the classroom (she manages after school programs now) she would do an exercise with her high school students working backwards: say you want to live in a nice house one day. Maybe in a nice San Diego neighborhood. Look at the cost of a house, how much payments are. Add in other expenses and taxes, how much do you need to make to afford that (don’t forget saving for retirement)? What kind of jobs would pay that much? How much education do you need to do that job (most science fields, you need a PhD, for example, an undergrad degree won’t cut it)? How much does all that cost? Make sure to add it to your list of expenses. I think every student should do this–gets students thinking about the future in a realistic way and picking a major that gets them where they want, and also realizing how expensive being an adult is![/quote]

Kudos to your friend, the teacher!! We could use more like her.

I’ll go a bit farther: when I was younger, they were still trying to force female students into Home Economics, which was supposed to teach you how to take care of a house and cook and sew for your (obligatory) husband. I think that they did away with that too quickly. They should expand the course into a Life Management curriculum, and all male and female students should have to take it for 3 class periods per week in 10th and 11th grades. It should include all of the topics/skills they’ll need in life that their parents are supposed to teach them, but aren’t skilled in themselves. Basic personal finance (including the meaning of interest and how to calculate it, budgeting, use of credit, how to choose and purchase a car, insurance), basic nutrition and cooking, basic household cleaning and maintenance, minor household repairs/construction/electrical (I’m talking minor drywall patching or replacing the cord on a lamp), child care and first aid. I think that the essentials of investing and minor retirement planning should also be taught. If a parent cares enough to school their kids in these skills, those students can test out of the requirement.

If kids were in school for excessive amounts of time, this would create a hardship. But most high-schoolers are in attendance for 2 to 4 hours per day, exclusive of lunch, study halls, and extracurricular activities. Geez, if we can’t teach them to read past a 6th grade level, or to add and subtract without a calculator, let’s at least teach ’em to take care of their basic needs.

[eavesdropper]

[quote=north park girl] A teacher friend of mine told me that if she got back into the classroom (she manages after school programs now) she would do an exercise with her high school students working backwards: say you want to live in a nice house one day. Maybe in a nice San Diego neighborhood. Look at the cost of a house, how much payments are. Add in other expenses and taxes, how much do you need to make to afford that (don’t forget saving for retirement)? What kind of jobs would pay that much? How much education do you need to do that job (most science fields, you need a PhD, for example, an undergrad degree won’t cut it)? How much does all that cost? Make sure to add it to your list of expenses. I think every student should do this–gets students thinking about the future in a realistic way and picking a major that gets them where they want, and also realizing how expensive being an adult is![/quote]

Kudos to your friend, the teacher!! We could use more like her.

I’ll go a bit farther: when I was younger, they were still trying to force female students into Home Economics, which was supposed to teach you how to take care of a house and cook and sew for your (obligatory) husband. I think that they did away with that too quickly. They should expand the course into a Life Management curriculum, and all male and female students should have to take it for 3 class periods per week in 10th and 11th grades. It should include all of the topics/skills they’ll need in life that their parents are supposed to teach them, but aren’t skilled in themselves. Basic personal finance (including the meaning of interest and how to calculate it, budgeting, use of credit, how to choose and purchase a car, insurance), basic nutrition and cooking, basic household cleaning and maintenance, minor household repairs/construction/electrical (I’m talking minor drywall patching or replacing the cord on a lamp), child care and first aid. I think that the essentials of investing and minor retirement planning should also be taught. If a parent cares enough to school their kids in these skills, those students can test out of the requirement.

If kids were in school for excessive amounts of time, this would create a hardship. But most high-schoolers are in attendance for 2 to 4 hours per day, exclusive of lunch, study halls, and extracurricular activities. Geez, if we can’t teach them to read past a 6th grade level, or to add and subtract without a calculator, let’s at least teach ’em to take care of their basic needs.

[eavesdropper]

[quote=north park girl] A teacher friend of mine told me that if she got back into the classroom (she manages after school programs now) she would do an exercise with her high school students working backwards: say you want to live in a nice house one day. Maybe in a nice San Diego neighborhood. Look at the cost of a house, how much payments are. Add in other expenses and taxes, how much do you need to make to afford that (don’t forget saving for retirement)? What kind of jobs would pay that much? How much education do you need to do that job (most science fields, you need a PhD, for example, an undergrad degree won’t cut it)? How much does all that cost? Make sure to add it to your list of expenses. I think every student should do this–gets students thinking about the future in a realistic way and picking a major that gets them where they want, and also realizing how expensive being an adult is![/quote]

Kudos to your friend, the teacher!! We could use more like her.

I’ll go a bit farther: when I was younger, they were still trying to force female students into Home Economics, which was supposed to teach you how to take care of a house and cook and sew for your (obligatory) husband. I think that they did away with that too quickly. They should expand the course into a Life Management curriculum, and all male and female students should have to take it for 3 class periods per week in 10th and 11th grades. It should include all of the topics/skills they’ll need in life that their parents are supposed to teach them, but aren’t skilled in themselves. Basic personal finance (including the meaning of interest and how to calculate it, budgeting, use of credit, how to choose and purchase a car, insurance), basic nutrition and cooking, basic household cleaning and maintenance, minor household repairs/construction/electrical (I’m talking minor drywall patching or replacing the cord on a lamp), child care and first aid. I think that the essentials of investing and minor retirement planning should also be taught. If a parent cares enough to school their kids in these skills, those students can test out of the requirement.

If kids were in school for excessive amounts of time, this would create a hardship. But most high-schoolers are in attendance for 2 to 4 hours per day, exclusive of lunch, study halls, and extracurricular activities. Geez, if we can’t teach them to read past a 6th grade level, or to add and subtract without a calculator, let’s at least teach ’em to take care of their basic needs.

[eavesdropper]

[quote=north park girl] A teacher friend of mine told me that if she got back into the classroom (she manages after school programs now) she would do an exercise with her high school students working backwards: say you want to live in a nice house one day. Maybe in a nice San Diego neighborhood. Look at the cost of a house, how much payments are. Add in other expenses and taxes, how much do you need to make to afford that (don’t forget saving for retirement)? What kind of jobs would pay that much? How much education do you need to do that job (most science fields, you need a PhD, for example, an undergrad degree won’t cut it)? How much does all that cost? Make sure to add it to your list of expenses. I think every student should do this–gets students thinking about the future in a realistic way and picking a major that gets them where they want, and also realizing how expensive being an adult is![/quote]

Kudos to your friend, the teacher!! We could use more like her.

I’ll go a bit farther: when I was younger, they were still trying to force female students into Home Economics, which was supposed to teach you how to take care of a house and cook and sew for your (obligatory) husband. I think that they did away with that too quickly. They should expand the course into a Life Management curriculum, and all male and female students should have to take it for 3 class periods per week in 10th and 11th grades. It should include all of the topics/skills they’ll need in life that their parents are supposed to teach them, but aren’t skilled in themselves. Basic personal finance (including the meaning of interest and how to calculate it, budgeting, use of credit, how to choose and purchase a car, insurance), basic nutrition and cooking, basic household cleaning and maintenance, minor household repairs/construction/electrical (I’m talking minor drywall patching or replacing the cord on a lamp), child care and first aid. I think that the essentials of investing and minor retirement planning should also be taught. If a parent cares enough to school their kids in these skills, those students can test out of the requirement.

If kids were in school for excessive amounts of time, this would create a hardship. But most high-schoolers are in attendance for 2 to 4 hours per day, exclusive of lunch, study halls, and extracurricular activities. Geez, if we can’t teach them to read past a 6th grade level, or to add and subtract without a calculator, let’s at least teach ’em to take care of their basic needs.

[Scarlett]

I am ALL for it!!!

[Scarlett]

I am ALL for it!!!

[Scarlett]

I am ALL for it!!!

[Scarlett]

I am ALL for it!!!

[Author]

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