Re:After Decades of Growth, Colleges Find It’s Survival of t...
by ocschwar on Wednesday February 21, 2018 @11:56AM
(#16430844)
> Also, how the hell is college so damn expensive
It's a positional good, and the buyers are bidding for it using borrowed money, and bidding from a position that is underinformed and cannot be anything but underinformed.
It's a positional good, and the buyers are bidding for it using borrowed money, and bidding from a position that is underinformed and cannot be anything but underinformed.
It's the epitome of a bubble.