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re: NYTimes Ezra Klein on affordability in the modern era -
Posted on 7/17/22 at 3:26 pm to Strannix
Posted on 7/17/22 at 3:26 pm to Strannix
quote:
And the median home was a 1000 square foot craftsman not a 3000 square foot mcmansion
You can thank Blackrock and their peers for buying all those 1000 sq ft homes and tearing then down and building the 3000 sq ft mcmansions.
0
Posted on 7/17/22 at 3:29 pm to meansonny
quote:
Tuition at kennesaw state is $2700 per semester. My son is making $14/hr with 10 hours overtime per week this summer.
Books are $700. Fees about another $1k.
quote:
He actually has the hope scholarship
"you can pay for college out of pocket, but of course, my kids don't pay for college out of pocket"
So fricking stupid. 18-21 year olds can't pay for college out of pocket when a ghetto arse apartment is $800 a month, gas is $4/gallon, and eggs are $4/dozen.
Posted on 7/17/22 at 3:47 pm to JohnnyKilroy
quote:
Oh so it's possible as long as you go to the 2nd or third tier public schools. What if I don't live in or near Kennesaw? The backbone of that plan is to keep living rent free at home while going to school.
In state tuition at LSU is 12k per year before fees and books.
Lol
You are an elitist, too.
Kennesaw state bought southern polytech. The rigor is equal to Georgia tech for engineering. I know.
They share faculty. Kennessaw's student population is the largest in Georgia.
All of that is to say that University of Georgia costs $2000 more per semester than KSU. Even graduating from UGA without student loans is achievable if you are willing to commute from a parent's residence (again... the real inflation is in room and board. Not tuition)
Posted on 7/17/22 at 3:52 pm to Mingo Was His NameO
quote:
So fricking stupid
Are you an elitist? Or an idiot.
My son is paying his way through school (just like i did). He is paying his room and board to live on campus and maintaining his hope scholarship.
I live in a title 1 county (the entire county population receives free and reduced lunch at the public school).
Most of my friends kids are living at home and going to the University of North Georgia.
None of them need student loans (because none of them are like my son and trying to pay the $12,000 per year to cover room and board).
This isnt rocket science.
If you dont want student loans, live a different lifestyle (at home and go to school instate).
Posted on 7/17/22 at 4:39 pm to Shiftyplus1
Another thing to consider is women working.
Posted on 7/17/22 at 4:47 pm to Mingo Was His NameO
quote:Really?
So fricking stupid. 18-21 year olds can't pay for college out of pocket
They can't serve in the military, then pay for school on the GI Bill?
Interesting!
What changed?
Posted on 7/17/22 at 4:48 pm to Eurocat
quote:
Another thing to consider is women working.
Posted on 7/17/22 at 5:53 pm to NC_Tigah
I'm talking about this NCTigah -
Back in the 60s and early 70s child care costs were often zero because mom did not work. Or if mom did, gradma almost certainly did not. Net cost zilch.
Of course some did so the national average cannot have been an actual zero, but I can see the jump being huge because of a huge, huge increase in demand.
quote:
Child care costs grew by about 2,000 percent — yes, you read that right — between 1972 and 2007.
Back in the 60s and early 70s child care costs were often zero because mom did not work. Or if mom did, gradma almost certainly did not. Net cost zilch.
Of course some did so the national average cannot have been an actual zero, but I can see the jump being huge because of a huge, huge increase in demand.
Posted on 7/17/22 at 6:27 pm to 1tufftiger
quote:
The government was originally designed to be made up of average citizens…
No it wasn’t. It was originally designed to be led by the leading men, both locally and nationally. This is why only male property owners could vote and run for office. The idea was that those that own the country should rule it. Thomas Jefferson called for “an aristocracy of talent and taste”. George Washington was patrician in temperament, as were most of the founders.
Posted on 7/17/22 at 6:32 pm to Eurocat
The entire finanacial system is way out of balance and will crash if don't fix it, and soon.
The US economy cannot handle the inconsistencies....and the world goes as the USA goes.
The US economy cannot handle the inconsistencies....and the world goes as the USA goes.
Posted on 7/17/22 at 6:46 pm to meansonny
quote:
Kennesaw state bought southern polytech. The rigor is equal to Georgia tech for engineering. I know.
Stop.
quote:
Kennessaw's student population is the largest in Georgia.
And? Should we be touting UCF over UF or Miami?
quote:
All of that is to say that University of Georgia costs $2000 more per semester than KSU.
Umm UGA is 3x as much per semester for in-state tuition vs KSU.
quote:
You are an elitist, too.
Yea man, LSU is so elite.
This post was edited on 7/17/22 at 6:49 pm
Posted on 7/17/22 at 6:46 pm to Eurocat
quote:
but I can see the jump being huge because of a huge, huge increase in demand.
Dumb regulation
My daycare of 50 kids from baby to 6 year olds had 3 ladies
Posted on 7/17/22 at 6:53 pm to Eurocat
quote:
The numbers are startling. The median home price in 1950 was 2.2 times the average annual income; by 2020, it was six times average annual income. Child care costs grew by about 2,000 percent — yes, you read that right
This isn’t an affordability crisis. It’s a crisis of financing as a way of life. People in the 70s would’ve barely signed up for a house payment of $1000 dollars. They’ll sign up for a truck payment of $1300 and not blink an eye today.
This post was edited on 7/17/22 at 6:54 pm
Posted on 7/17/22 at 6:58 pm to Eurocat
quote:
Back in the 60s and early 70s child care costs were often zero because mom did not work. Or if mom did, gradma almost certainly did not. Net cost zilch.
Here’s a surprise. Childcare is subsidized by the government.
Posted on 7/17/22 at 8:37 pm to Eurocat
In the 60s, only people who actually needed a college education, went to college.
And back then we didn’t upend the market with subsidies that created runaway cost increases.
And back then we didn’t upend the market with subsidies that created runaway cost increases.
Posted on 7/17/22 at 8:59 pm to DesScorp
quote:
The idea was that those that own the country should rule it
I think you mean govern it...right?
"Ruling" is pretty much the antithesis of America.
Posted on 7/17/22 at 9:01 pm to the808bass
quote:
Childcare is subsidized by the government.
And just like college the prices went through the roof.
Posted on 7/17/22 at 9:05 pm to Eurocat
Every guy with an offshore fishing boat over $150k is a blue collar business owner.
Do what you want with that info but about half those boats are over $300k.
You wouldn’t like them because you have to piss over the side.
Do what you want with that info but about half those boats are over $300k.
You wouldn’t like them because you have to piss over the side.
Posted on 7/17/22 at 9:41 pm to the808bass
I'd rather have a kid with a mom working and in subsidized health care, rather than have her work and be totally on welfare. At least she would be showing an example holding down a job.
Posted on 7/18/22 at 4:33 am to Eurocat
quote:and this is where you and Ezra Klein go badly wrong.
Back in the 60s and early 70s child care costs were often zero because mom did not work.
How much did the average working woman make in the 60s and early 70s?
Answer that, and you'll have an answer as to how much stay-at-home-parent families actually paid for childcare back then.
In fact, the cost of childcare wasn't "zero" in the 60s and 70s. It was nowhere close to zero. Assuming the contributional worth of a stay-at-home parent/spouse to be zero is asinine, then or now. Assuming further that a "zero-contributional" parent/spouse is the mother/wife transcends beyond chauvinism. It's apeish.
With that bit aside, let's look further at Klein's "2000%" claim.
2000% sounds astronomical!!! HUGE!!! But ... is it?
Want to guess the difference between today's dollar and that of 1960?
The difference would be 1000%.
Between now and 1970?
The difference would be 800%.
So what Klein was actually saying is the cost of child daycare has more than doubled. Okay. Along with that 2.5X increase has come regulation, and structuring, leaving today's daycare in closer resemblance to elementary school, than to what amounted to group baby-sitting in the 1960's. So child daycare is more expensive, but it's also more structured, safer, and regulated, and of course now, in terms of affordability, it's subsidized.
Ezra Klein wants you to accept him as a problem-solver. But he isn't a problem-solver. Ezra Klein is a liberal writer. That's it. He blogs. He writes. He is not an economist. He is not a businessman. His experience at solving problems is limited to grammar checkers and whether he has fresh milk in the fridge.
If you want a real perspective as to where we are going wrong in the modern era, here is an example.
The median business experience amongst top officials in the Biden Administration is ZERO!
Who is one of the Biden Administration's major influencers according to twitter analytics?
Ezra Klein.
This post was edited on 7/18/22 at 4:43 am
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