0514 미국 대학교육과 경제 - (1)

간만에 모닝 뤼딩~

음 올만에 모닝 뤼딩 해볼까요?

단 알버트님의 의견주신 것에 공감하는 부분이 있어서 함 시도해 봅니다 ^^

자 다음을 보시공 이 글의 저자가 하려는 얘기는 모에 대한 것이공,

그 이야기를 뭐에 빗대서 얘기하려는 걸까욤?

멀미가 나시더라고 꾹 참고 한번~

I'd like to tell you about higher education(대학교육) in this country today:
Do you remember the housing meltdown(주택가격 붕괴)?
It's hard to forget.
The formula(공식) for the housing boom was simple.
A lot of easy money was lent to buyers.
But the buyers were not able to pay back the loan.
They bought homes with that money, expecting the home price to go up.
They could easily refinance at a profit(이익을 보면서).
Nobody cared(아무도 신경쓰지 않았다) that they couldn't afford the loan.
As long as prices continued to go up(가격이 올라가는한), everyone was happy.
And prices kept on going up.
And real estate agents(부동산 중개업자) continued to sell homes and to find money for buyers.
And the easy money stopped.
When easy money stopped, buyers couldn't sell.
They couldn't refinance.
First, sales slowed.
Then price started going down.
And then the housing bubble burst(거품이 꺼졌다).
Housing prices crashed(추락했다).
We know the rest of the story.
We're still confused with the results.
How is it different from what is happening in higher education?