Shortages and price variations where you are

#427
#427
Sin City Vol said:
Reagan is probably the most overrated President in history.
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Reagan did a lot of bad things- increased the debt and made it ok for future presidents to explode the debt, closed mental health facilities, hoodwinked by the democrats to allow amnesty without closing the border, and all the many scandals. What he did best and will make him considered one of the best Presidents, is he restored confidence in the American people and pushed economic growth.
 
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#429
#429
allvol123 said:
Oh well, we agree to disagree.

I do hate 529s though and see them to be part of the problem in rising education costs. Became gold mines for schools to compete over.
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Education costs are rising at the extent they are because the loans are federally guaranteed. 529s are a response to, not the cause of, rising education costs.
 
#430
#430
05_never_again said:
Education costs are rising at the extent they are because the loans are federally guaranteed. 529s are a response to, not the cause of, rising education costs.
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Part of. Let’s create a place where money can grow and can only be used for us. What do you think the pricing does for the “us”.

Roughly 400 billion sitting in 529s
 
#436
#436
Rasputin_Vol said:
I agree with this, but I can also see how it can be a racket also.
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allvol123 said:
Part of. Let’s create a place where money can grow and can only be used for us. What do you think the pricing does for the “us”.

Roughly 400 billion sitting in 529s
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The 529s are a response to high tuition costs, which is the racket. College is so exorbitantly expensive to begin with that people have to resort to saving 18 years to be able to afford it.

If you removed the government guarantee and actually exposed the lenders to risk like a normal market, the college tuition bubble would collapse instantaneously.
 
#441
#441
StarRaider said:
Can I swap for some Gus's? That cohen retard from mempuss state can keep his lousy greasy fried doughball stuck on some chicken.
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The poon obviously loves it..Probably been 3 decades since I touched that nasty and just one more reason to avoid.

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#443
#443
05_never_again said:
The 529s are a response to high tuition costs, which is the racket. College is so exorbitantly expensive to begin with that people have to resort to saving 18 years to be able to afford it.

If you removed the government guarantee and actually exposed the lenders to risk like a normal market, the college tuition bubble would collapse instantaneously.
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So what if it is a response. It doesn’t preclude it from contributing to the same problem.

What do you think an industry does to pricing knowing their are special accounts dedicated to them?
 
#444
#444
allvol123 said:
So what if it is a response. It doesn’t preclude it from contributing to the same problem.

What do you think an industry does to pricing knowing their are special accounts dedicated to them?
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It isn’t the root cause anymore than Roth IRAs contribute to general price inflation because there’s an account dedicated to someone’s retirement. If it wasn’t so expensive to begin with, they wouldn’t need to offer tax incentives to buy it. A 529 is a knock on effect of the issue rather than the issue itself.

What do you think it does to pricing when the lender can’t lose on a $300k loan to a kid for an underwater basket weaving degree? You cited the amount of money in 529s…there’s almost $2 trillion in student loans outstanding.
 
#445
#445
05_never_again said:
It isn’t the root cause anymore than Roth IRAs contribute to general price inflation because there’s an account dedicated to someone’s retirement. If it wasn’t so expensive to begin with, they wouldn’t need to offer tax incentives to buy it. A 529 is a knock on effect of the issue rather than the issue itself.

What do you think it does to pricing when the lender can’t lose on a $300k loan to a kid for an underwater basket weaving degree? You cited the amount of money in 529s…there’s almost $2 trillion in student loans outstanding.
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Where did I say it was the root cause?

It is a contributing factor. 400 billion isn’t a significant number now?

The institutions are the seller. They don’t give a damn if the money comes from loans or 529s, they just continue to raise price as the pot of dedicated money grows.

What happens if a kid can take his 529 and start a business instead of go to school. Oh my, competition.
 
#446
#446
allvol123 said:
Where did I say it was the root cause?

It is a contributing factor. 400 billion isn’t a significant number now?

The institutions are the seller. They don’t give a damn if the money comes from loans or 529s, they just continue to raise price as the pot of dedicated money grows. $400B is not peanuts, but it ain’t $2 trillion.

What happens if a kid can take his 529 and start a business instead of go to school. Oh my, competition.
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The root cause is what you have to eliminate if you want the problem to go away. You could get rid of 529s and tuition would keep skyrocketing. $400b isn’t peanuts, but it ain’t $2 trillion.

The real racket is the fact that lenders can’t lose on the loan, not that money is able to grow tax-free in order to pay for something. Student loans is the biggest legal racket out there, even more than pay day loans. It’s one of just a couple things that can’t be discharged in a bankruptcy.
 
#447
#447
05_never_again said:
The root cause is what you have to eliminate if you want the problem to go away. You could get rid of 529s and tuition would keep skyrocketing. $400b isn’t peanuts, but it ain’t $2 trillion.

The real racket is the fact that lenders can’t lose on the loan, not that money is able to grow tax-free in order to pay for something.
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Your last sentence still isn’t correct. It’s the fact that it is dedicated money.
 
#450
#450
allvol123 said:
I’d say because some lawmakers and lobbyists wanted it. Who benefits from having money that is restricted in its use? The people it is restricted for.
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But why were 529s seen as a winner politically? Because it’s so damn expensive to begin with.
 
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