September 27, 2012
LOWER EDUCATION BUBBLE: From blogger “Captain Capitalism:”
St. Paul public schools spend $17,000 per pupil per year. This translates into $221,000 per pupil over the course of their k-12 career, and that does not include baby-sitting school…er…I mean “pre-school.”
This got me thinking.
“What if we just gave the kids the $221,000 instead of educated them? Wouldn’t they be better off? I mean, I never had $221,000 in my name in my LIFE. But by the age of 18, you could buy a house FOR CASH and never have to pay rent again.”
So I looked up the median price of a home in St. Paul. $197,607 (though this may change of course).
It’s actually CHEAPER to BUY A HOUSE in St. Paul than educate one of their precious chllllllldrnnnnnnn. You could buy 1.1 houses per pupil instead of sending them to school.
Or to put it another way, things that can’t go on forever, won’t.