Clarification from Newsletter

[J Grant]

• Struggling Entry-Level Market: Many grads (around 30-40%) struggle to land jobs in their field, feeling unprepared for the demands, notes Forbes and CNBC.
• Converging Unemployment: The unemployment gap between recent grads and high school grads has narrowed significantly, with rates converging, says CNBC.
• Skills Gap & AI: A major issue is the lack of practical skills and growing concerns about AI automating roles, affecting placement, notes Forbes and CNBC.

For Non-Grads:

• Traditional Advantage Eroding: The long-standing advantage of college degrees is diminishing, with non-grads also facing a tough market, especially young workers without degrees, according to the Federal Reserve Bank of Cleveland.
• Higher Rates: Young, non-college-educated workers generally have higher unemployment rates, but the gap with grads is shrinking, says the Federal Reserve Bank of St. Louis.

Overall Market Trends:

• Eroding Premium: The "safety premium" (how much less likely grads are to be unemployed) is at a historic low, meaning a degree offers less of a buffer than in the past, according to Fortune.
• Increased Competition: The market is tighter for all, with reports of low hiring rates and significant challenges for entry-level positions, finds Bankrate.

Key Takeaway: While college graduates still generally fare better long-term, the immediate 2025 entry-level market is unusually difficult, challenging the traditional narrative and making the value of a degree less automatic, impacting both groups.

 

[djd09]

college experience seems to make one more prone to governmental brain washing...

 

[J Grant]

college experience seems to make one more prone to governmental brain washing...

The reverse is true.

 

[djd09]

 

[George Hatch]

It looks like AI is already starting to decimate the population of the cubicle farm drones. It's too bad that AI won't be making student loan payments on those 6-figure debts. Good luck paying those off before they retire.

"Learn to code do something productive"

 

[Fernando]

We can have the debate all day on if a college education is worth it or not. I agree in a lot of cases it is not. But I’ll tell you who is sending their kids to college- the wealthiest people in this country are. They still value it for some reason or another.

All of Trump's children graduated from UPenn (thanks to legacy?).
Only Barron Trump went to NYU, and easier college to get in. Seems like Barron took time off. Will he decide to finish and get his degree?

 

[ZZGAMAZZ]

Did an appraisal years ago on a lovely house, owned by a young couple. He was a local firefigher, she was a stay at home mom.

She followed me around during the inspection asking if I liked what I did, and how one becomes an appraiser.

At the time (that couple year mess with CR) you needed a 4 year degree for a CR, so I explained the classes, experience and 4 year degree prerequisite.

I said, "You can have a degree in basket weaving or pottery making, it really doesn't matter", and her EYES LIT UP.

We went out to the two car detached garage, opened the door with the wireless opener to reveal shelves FULL of bowls, plates and nick knacks and a KILN the size of a small truck, thanks to her university degree in fine arts, specializing in ceramics.

I'm on the side of the fence where the degree is WORTHLESS, and REAL WORLD EXPERIENCE is true knowledge in our industry.

However.... do you think that most appraisers enter college with the intent to become an appraiser? Not me nor anybody I know did so. Rather our carees were an afterthought several years after college graduation.

 

[Non Sequitur]

At the end of the day just pay attention: Everything from education to experience and what qualifies as experience is being lowered, and the GSEs are pushing alternatives to our services. The future is something other than bright for independent appraisers.

 

[Non Sequitur]

Wonder why the "stakeholders" are pushing for churn and burn appraiser qualifications? Posted to social media earlier today: $125 net with a 24hr turn time. This is why GSE work is all but gone.

 

[Non Sequitur]

Again, it's not just education under attack. We may have a future with zero appraisal QE or zero appraisal experience required: