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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I am not interested in judging how other people spend their money. Showing off wealth is a life style sure.

I am just really curious why college tuition keep increasing yoy, it is not even tied to any performance benchmark. [/quote]

Sounds like you aren’t interested in looking further than your navel.

Are you really not aware of how these schools spend money and why tuition has gone up?
Low class ratios and nice facilities don’t grow on trees. 
[b]Also, much of the student experience is subjective. It isn’t just what you learn, but how you feel about the experience.[/b]
Also, remember most kids are not paying full freight. The rich are subsidizing the less-well-off.

[/quote]

Did you know that in a study participants were presented with two glasses of wine and told one is from a $100 bottle and one is from a $20 bottle (roughly), and they consistently rated the $100 wine much higher across every metric?

The trick?  It’s the exact same wine.[/quote]

LOL, nice try. That trick might work for wine, but it won’t work for something you have to live and breathe for 4 years.

Have someone look at a $650,000 old 1000 square foot house and then a $1.2 mil updated 2500 square foot house in the same area. But switch the price tags and try to trick them!
Do you really think that someone will believe that the fake “$1.2 mil” 1000 square foot house is “better” than the updated 2500 square foot house because it has a higher price tag?

I get your point, since I have a relative who refuses to buy store-brand foods because she believes them inferior. But hardly comparable to the bigger ticket items and experiences in life.[/quote]

The bigger, more expensive, updated house might be a total POS and the older, less expensive, smaller house might be a charming well-crafted quality home.  I could EASILY believe the price tags could be switched and you’d have people calling it fair.  I’m shocked that you can’t.

Are you a product of a school that would be 90K today, by any chance?[/quote]

I think you kind of proved my point. So the 2500 house might be a POS, yes, that is one possibility. The bigger point is that in comparing these houses and their prices, one might be prompted to ask questions and investigate, and ask WHY the seemingly nicer home is priced lower.  
You would ask questions, you would get inspections done, you compare property taxes, schools, and myriad other things. 
 You would not simply accept at face value that the home with the higher price is better or worse, right? [/quote]

That was not remotely your point.  See the bolded word for a clue as to where you’ve gone wrong.  Hint: In your argument as presented YOU have accepted one house as better than the other based on price and rather arbitrary criteria such as how new and how big, none of which suggests any concern about real quality or value.  To you, expensive + big + new = better.  There are people on the other side of the coin to whom expensive + small + old = better.  So I repeat, I could EASILY believe the price tags could be switched and significant chunk of the population would evaluate accordingly.  (e.g. Small, old, inexpensive is gross; small, old, and expensive is classic and charming.  Big, new, and expensive = luxurious; hug, new, inexpensive = builder grade garbage that will fall apart in five years.)

“Do you really think that someone will believe that the [b]fake[/b] “$1.2 mil” 1000 square foot house is “better” than the updated 2500 square foot house because it has a higher price tag?”

I must ask again, are you a product of one of these expensive institutions? [/quote]

Nope, I went to an inexpensive college no one in DCUM ever talks about, and have no debt. Must be why I’m such a stupid old sod, eh?

You are right about new construction being generally not that great, so maybe this isn’t the best example. But you are still FOS on principal.

I’ll try again: let’s say you are planning a vacation to Mexico for spring break. You can spend 2k or 15k. You can have a wonderful experience either way. It will be a different experience at 2k (less-than-ideal flights, riding public buses, staying in cheap hotels, enjoying walking around a city, eating local food) or 15k (ideally timed nonstop flight, private transit, expensive resorts and activities) but either way, you will have taken a vacation to Mexico. By your logic, they are the same thing, right? A vacation to Mexico is a vacation to Mexico. So you’re wondering why would anyone ever do the 15k version, or are you just insisting they only do it due to the perception of luxury?

[/quote]
well to start, we'd never vacation in mexico[/quote]

A vacation is a vacation, isn’t it?[/quote]
uh, no. location location location matters[/quote]

Are you sure? Why does it matter? You can have a great time anywhere. Why is one location better than another?[/quote]

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