Posted on 05/09/2011 3:05:23 AM PDT by Daisyjane69
For a few years I have discussed the potential of a higher education bubble and the fallout it will have on the housing market. Logically you would assume that young adults with back breaking amounts of student loan debt would have a harder time taking on another giant commitment through a 30 year mortgage. At the very least this would stifle home sales from young households given that the vast majority of mortgage originations are now stemming from government backed sources that require income verification. Even with ultra low down payment programs like loans backed by the FHA many people are still struggling with the idea of saddling debt on top of already large piles of debt like a poorly played hand of Jenga. We already know housing was a bubble and we are dealing with the ramifications of the pop back in 2007. Yet the higher education bubble keeps moving higher and higher. I think viewing a chart of California home prices and the University of California tuition over the years might shed a bit of perspective here.
(Excerpt) Read more at doctorhousingbubble.com ...
Yes. Somehow, I find it hard to believe they would have difficulties doing that.
Elite liberals have an inflated sense of their worth... fools.
Why aren’t they oding it themselves? Would they have expected a abolitionist become slaveowner by inheritance or marriage to free the slaves? Or are THEY continuing to live off the fruits of a form of indentured servitude upon captured youth?
Well, then let them do it. Empty bragging is easy. Drop all the pensions and derivative positions associated with the poisoned fruits of the modern academic tree.
They already have second jobs as media commentators.
And in a truly competitive academic environment, they should be able to more than hold their jobs.
With "Professor" in front of their name. What I'm saying is DROP all the benefits direct and indirect that the academic title and association presents. And then see who pays them to speak.
They would probably still be commentators, if nothing else than by their prior body of work.
It is entirely too easy to get ‘Professor’ in front of your name. See the recent anti-nuke idiots in Japan, for example.
It is. Thanks.
For years I tried to come up with a solution for the
“good academics”, for a “soft transition” Now, although
ultimately I have confidence that there will be support
for such in the long run, I am not sure that the transition
will be pleasant for any.
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