Grand Canyon University hit with largest fine ever for deceptive practices.
But was it more than what they made? Because if not, the fine isn't big enough.
The College Thread
The College Thread
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
The College Thread
Want to know where the hot investment properties are? College towns.
I have direct observation of two of them. Local homeowners rent their houses out by the semester, from mid-august to early december, and then from mid january to early may. They'll charge a flat rate per semester, pretty much equally tied to the cost of overpriced campus housing.* So a typical rate for a kid renting a room in the house down there is $4500 per semester. Lets call that 4 months, considering partial months in front and behind. So, 4500 for renting a house for 4 months isn't too bad......
except the landlord will state that all 4 (or 5, or 6, whatever) occupants of the house will pay $4500 per semester, each. Simple math, they're getting 4500 per month. That's NYC luxury apartment numbers.
$4500 is the cheapest rent I've seen. I think the average might be about 5000.
So there's your investment property. An old, semi-run down house, occupied 8 months out of 12, will net you about $2k per month for minimal attention (assuming it isn't a complete shithole). And if your renters trash it, you have all kinds of protections for making them pay.
*My adult son is paying $1200 per month for campus housing, which includes one room with 1 roommate, furnished, a shared bathroom, and strict rules about what he can do in his home, ie cooking, drinking, etc. In Toledo $1200 per month gets you a 2 bedroom loft in the trendy warehouse district near downtown.
I have direct observation of two of them. Local homeowners rent their houses out by the semester, from mid-august to early december, and then from mid january to early may. They'll charge a flat rate per semester, pretty much equally tied to the cost of overpriced campus housing.* So a typical rate for a kid renting a room in the house down there is $4500 per semester. Lets call that 4 months, considering partial months in front and behind. So, 4500 for renting a house for 4 months isn't too bad......
except the landlord will state that all 4 (or 5, or 6, whatever) occupants of the house will pay $4500 per semester, each. Simple math, they're getting 4500 per month. That's NYC luxury apartment numbers.
$4500 is the cheapest rent I've seen. I think the average might be about 5000.
So there's your investment property. An old, semi-run down house, occupied 8 months out of 12, will net you about $2k per month for minimal attention (assuming it isn't a complete shithole). And if your renters trash it, you have all kinds of protections for making them pay.
*My adult son is paying $1200 per month for campus housing, which includes one room with 1 roommate, furnished, a shared bathroom, and strict rules about what he can do in his home, ie cooking, drinking, etc. In Toledo $1200 per month gets you a 2 bedroom loft in the trendy warehouse district near downtown.
"Be bold, and mighty forces will come to your aid."
The College Thread
Holy shit. I paid $250 a month... to split a 1 bedroom with a friend, cuz we were poor in college. Plus utilities.
He paid $175 or such and slept in the living room. And we were more than 2 miles from campus, though.
He paid $175 or such and slept in the living room. And we were more than 2 miles from campus, though.
It's not me, it's someone else.
The College Thread
I get that it's college, but it feels weird to me how they can dictate the rules to adults the way they do.
Meaning, my kid can't even not live in the dorms until junior year. And as I said, the dorm costs about 1200 per month, and the cheapest of the mandatory meal plans is about 1000 per month.
When I hear about issues in the dorms, like rooms not being clean on move-in day, fucked up paint on the walls that you'd better document or they'll charge you for it (the way they charged the previous occupants who did it), it makes me wonder where they hundreds of thousands they're making per semester, per residence hall, is going. As I mentioned, the amount one kid pays is the equivalent of a luxury apartment in most parts of the country, but they're getting a single room with a roommate and a shared bathroom down the hall.
Meaning, my kid can't even not live in the dorms until junior year. And as I said, the dorm costs about 1200 per month, and the cheapest of the mandatory meal plans is about 1000 per month.
When I hear about issues in the dorms, like rooms not being clean on move-in day, fucked up paint on the walls that you'd better document or they'll charge you for it (the way they charged the previous occupants who did it), it makes me wonder where they hundreds of thousands they're making per semester, per residence hall, is going. As I mentioned, the amount one kid pays is the equivalent of a luxury apartment in most parts of the country, but they're getting a single room with a roommate and a shared bathroom down the hall.
"Be bold, and mighty forces will come to your aid."
The College Thread
Even the local nanny (RA) is working for free.
"Be bold, and mighty forces will come to your aid."
The College Thread
Go look and see how much money the administrators are making at these schools.
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
The College Thread
So my kid has his passport, insurance cards, check book, etc with him in his dorm room. Do you think it makes sense to get him a mini safe for these things, or does that just give a thief a single, hard to hide, thing to steal?
"Be bold, and mighty forces will come to your aid."
The College Thread
Most minisafes are basically useless, and bulky, so harder to hide.
Feels like he could just hide them easier on their own.
Feels like he could just hide them easier on their own.
It's not me, it's someone else.
The College Thread
Yeah I figured.
But he already started losing shit, "I forgot where I hid it." Special boy. Was contemplating xmas presents, and ways to help him organize important documents
But he already started losing shit, "I forgot where I hid it." Special boy. Was contemplating xmas presents, and ways to help him organize important documents
"Be bold, and mighty forces will come to your aid."
The College Thread
Write it down in a note on his phone. Write down ALL THE THINGS.
That's what I tell my kids... again... and again... and again...
It's not me, it's someone else.
The College Thread
There are smaller safe devices that would be good to use in a dorm. The ones that look like other things.
And Catt is 100% spot on with notes on the phone. He should have all his info there.
And Catt is 100% spot on with notes on the phone. He should have all his info there.
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
The College Thread
UPenn pres is probably going to lose her job because she cannot condemn speech calling for the genocide of Jews.
If you didn't see multiple university presidents testified before Congress this week and would not condemn such things nor say it was against their policy.
Although, if you talked bad about LGBQTIA+ you could expect to get expelled, but whatever...
If you didn't see multiple university presidents testified before Congress this week and would not condemn such things nor say it was against their policy.
Although, if you talked bad about LGBQTIA+ you could expect to get expelled, but whatever...
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
The College Thread
Leisher wrote: ↑Fri Dec 08, 2023 4:30 pm UPenn pres is probably going to lose her job because she cannot condemn speech calling for the genocide of Jews.
If you didn't see multiple university presidents testified before Congress this week and would not condemn such things nor say it was against their policy.
Although, if you talked bad about LGBQTIA+ you could expect to get expelled, but whatever...
Quick, some call for the genocide of: Blacks, Palestinians, Muslims, Native Americans, Asians, Queerfolk, and Whites and see where the line is.During Tuesday’s House hearing, Magill, along with the presidents of Harvard and MIT, did not explicitly say that calling for the genocide of Jews would necessarily violate their code of conduct on bullying or harassment. Instead, they explained it would depend on the circumstances and conduct.
It's not me, it's someone else.
The College Thread
We all know where the line is...
Only one of those isn't a protected class.
Only one of those isn't a protected class.
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
The College Thread
UPenn's president forced to resign.
Harvard's president is probably on her way out.
Is sanity actually having a slow comeback?
Harvard's president is probably on her way out.
Is sanity actually having a slow comeback?
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”