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College and University Discussion
Reply to "Is there a tipping point , full pay?"
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[quote=Anonymous]I dont think anything beyond the top 5 are worth 400k. I totally get the complaints of 30 year olds who say they will never be able to break into the housing market. But .. I'm a lot less sympathetic if those same 30yo had basically a downpayment-and-a-half given to them at 18 and they spent it all on college. If you have 5 million, fine. But for those of us who are full pay but not rich-rich, we need to have bigger conversations. If we were talking about cars and not colleges, we'd all call you out on buying your kid a BMW "because it's what felt right to them". But because we've wrapped this other luxury product (college) in more esoteric clothes, we let it slide. Again, if you're super rich, this doesn't apply to you. Buy the BMW (every year for 4 years). But if you think you may have a kid who will be 35 and locked out of home ownership, I'd make a more considered decision.[/quote]
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