Because people buying something means they no longer have the money, and are thus, poorer. If you have $20, and you buy lunch for $10, you now are $10 poorer.
> Were you under the impression that colleges burn the money?
(looking around at my alma mater, which has tripled the size of administration and built like four new sports stadiums, while the wages of professors have remained flat for ten years and cost-per-credit-hour has tripled) -- um, yes? Are there colleges that don't just burn the money, or dump it into stocks/bonds/trusts/etc?
> Because people buying something means they no longer have the money, and are thus, poorer.
How does you, hypothetically, paying me $100,000 to teach you how to weave baskets under water make me poorer? By my math I gained $100,000. $100,000 more I now have to spend on a house that I wouldn't have had otherwise.
> Are there colleges that don't just burn the money?
Presumably all of them. At very least they pass a large portion of that money off to administrators, who then often buy houses with the money.
And if the driver of higher housing prices was college administrators, you'd have a point. Would you care to demonstrate that college administrators are in fact the cause? Because without presenting such data, you're not going to convince many of us, who currently believe that college administrators are, at best, a very minor contributor to high overall housing prices.
> And if the driver of higher housing prices was college administrators, you'd have a point.
I don't follow. If college administrators were driving the price of housing, my point would fall apart immediately. That was in response to someone who thought colleges burn money, not the greater topic at hand.
> you're not going to convince many of us
Okay...? Why would I want to convince anyone of anything? That doesn't make any sense.
Because people buying something means they no longer have the money, and are thus, poorer. If you have $20, and you buy lunch for $10, you now are $10 poorer.
> Were you under the impression that colleges burn the money?
(looking around at my alma mater, which has tripled the size of administration and built like four new sports stadiums, while the wages of professors have remained flat for ten years and cost-per-credit-hour has tripled) -- um, yes? Are there colleges that don't just burn the money, or dump it into stocks/bonds/trusts/etc?