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A college education or a house? You decide


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2015 Jul 11, 4:56pm   2,101 views  6 comments

by tovarichpeter   ➕follow (6)   💰tip   ignore  

http://money.cnn.com/2015/07/08/real_estate/college-degree-buy-a-home/index.html?iid=surge-stack-dom

In those markets, a household with a college degree isn't making that much more than a household without," said Ralph McLaughlin, Trulia's housing economist. "The burden that student debt brings to a household with a college degree makes it slower to save for a down payment." A home is the biggest purchase most people will make, and there's been a lack of buying activity among Millennials. Student loan debt tends to get blamed. While going to college usually means higher lifetime earnings, hefty student loans can erode savings and make it harder to accumulate a down payment. "It's pretty clear...

#housing

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1   Dan8267   2015 Jul 16, 7:03am  

tovarichpeter says

A college education or a house?

Correction: A college education degree or a house?

2   Tenpoundbass   2015 Jul 16, 7:33am  

In a time when everyone is walking around with a Doctorate in useless information in their pant pocket.
Who is really ever more educated than others?

3   🎂 Rin   2015 Jul 16, 4:14pm  

A college degree simply means ... white collar barrier of entry.

I'm waiting for a news article to actually make that point. In other words, you can have all the experience in the world, but as a blue collar machinist, w/o that BA in underwater basketweaving, earned remotely (from some Penn/Cal/Indiana State online), despite many years of operating and fixing equipment, you cannot run a facility as a manager.

4   Tenpoundbass   2015 Jul 16, 6:13pm  

Rin says

you can have all the experience in the world, but as a blue collar machinist, w/o that BA in underwater basketweaving, earned remotely (from some Penn/Cal/Indiana State online), despite many years of operating and fixing equipment, you cannot run a facility as a manager.

Well the whole point is, people with all of the experience in the wolrd, should be able to get small business loans and take a crack at their own manufacturing business. Rather than dabbling deeper in any companies inner politics. That's for college boys. And like you say, we can't all be college boys.

5   HEY YOU   2015 Jul 16, 6:17pm  

Overpay for either.

6   🎂 Rin   2015 Jul 17, 4:47am  

CaptainShuddup says

Rin says

you can have all the experience in the world, but as a blue collar machinist, w/o that BA in underwater basketweaving, earned remotely (from some Penn/Cal/Indiana State online), despite many years of operating and fixing equipment, you cannot run a facility as a manager.

Well the whole point is, people with all of the experience in the world, should be able to get small business loans and take a crack at their own manufacturing business. Rather than dabbling deeper in any companies inner politics. That's for college boys. And like you say, we can't all be college boys.

This is not entirely true.

If college was a true examination system, kinda like London Univ's distance program, which BTW, has been around since Victoria's time, it can be both cheap and accessible to those who're holding actual jobs than some wasted years on a campus full of drunkards.

http://www.londoninternational.ac.uk/courses/search/?solrsort=sort_title%20asc&filters=tid%3A557

And many lazy types do not complete the above, as there's no grading curve, automatically making the F and D students into C and B students, by virtue of attendance. Even in pressure cooker nations like Singapore, where students study much of the time, less than 5% graduate with first class honors, a.k.a magna cum laude by US standards. In contrast, America's higher education is a joke as it appears that everyone's an honors graduate these days.

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