Relevant:
- Is another California housing bubble possible?
- The higher education racket gets long in the tooth: For-profits account for 47 percent of defaults but make up only 13 percent of total enrollments.
- The California problem of making too many renters into home owners
- Renting the California Dream -- Typical Southern California mortgage payment down 54 percent from peak. Rents move up in the face of stagnant household income.
- Are we seeing an echo housing bubble in California? The low inventory low interest rate mania. The psychology of buying in a perpetual bubble machine.
2011-05-05 — doctorhousingbubble.com
``In 1980 the typical California household would be able to finance 17 bachelor's degrees at a UC with one year of household income. In 2000 that number had dropped to 5. Today it is only enough to purchase one bachelor's degree at the UC system. Now keep in mind we are looking at the cheaper public option partially backed by the state of California. You have other institutions in SoCal like USC that charge over $50,000 per year. Without a doubt higher education is in a bubble more so in the private sector.''
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