Tag Archives: housing bubble

Is The Bakken Housing Boom A Bubble, Or A Good Long-Term Investment?

Is The Bakken Housing Boom A Bubble, Or A Good Long-Term Investment?

For a while now I’ve been wondering if we have a housing bubble in North Dakota. I definitely think we’ve got a bubble of hotel rooms. In Minot, and points further west into the Bakken boom area, there are hundreds of new hotel rooms, but occupancy rates are beginning to fall and where just a

The Cost Of Student Loans Must Go Up

Last month House Republicans passed legislation which would tie interest rates on student loans to US Treasury notes, with a cap at 8.5%. This would have the effect of introducing at least some element of market forces to the student loan market. Democrats in the Senate have a plan, not yet voted on, which would

Half Of College Graduates Working Jobs That Don't Require Degrees

I graduated from high school a little over ten years ago, and what I remember of my discussions with teachers and guidance counselors about my career was that college was a necessity. Without it, I’d be doomed to a career of flipping burgers, but with it I’d slide easily into the path to prosperity. Of

Are We In The Middle Of An Ethanol Bubble?

The 2007 U.S. energy bill mandated that a total of 15 billion gallons of renewable ethanol must be produced by 2015. Because of this, demand for corn has skyrocketed, and the impact of that market distortion has been felt across the crop markets. It’s not just corn prices that have soared, but as farmers have

Higher Ed's Problem: They Keep Charging More For Something Worth Less

College degrees are declining in value, but you don’t have to take this conservative critic of higher education’s word for it. Here’s a chart from the Progressive Policy Institute showing income levels for Americans age 25 – 34 with a college degree. Note that the downward trend begins well before the 2009 economic collapse and

Feds File Suit Against Agency That Downgraded US Credit Rating

Last year Standard & Poor made headlines by downgrading the US credit limit. The Obama administration wasn’t happy, and now the federal government is suing claiming that the company didn’t property rate mortgage bonds during the subprime housing loan bubble: WASHINGTON (TheBlaze/AP) — The U.S. government is accusing the debt rating agency Standard & Poor’s

Are $10,000 Degrees The Answer To The Higher Education Bubble?

The cost of a degree has exploded over the last several decades, growing faster than even problem areas like the cost of medical care. Student loan debt, as a result, has also ballooned even as the value of a four-year degree has flat lined. Obviously, we’re doing something very wrong with the way we do

North Dakota's University System Could Learn Something From Purdue And Mitch Daniels

Former Indiana Governor Mitch Daniels is taking over as the president at Purdue University, and he’s already making some waves. Via Inside Higher Ed, Daniels sent an open letter to university employees criticizing the status quo in higher education. Here’s a list of quotes from Daniels’ letter. See how many of them apply, perfectly, to

As Price Of College Goes Up, Value Of A College Education Drops

This is what happens when government promotes something like higher education with subsidies in the form of “easy money” government loans. We get a bubble, just like the housing bubble which saw the government promoting home ownership with “easy money,” government-backed mortgages. Soaring tuition costs, a weak labor market and a glut of recent graduates

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