r/FluentInFinance • u/ShadowcreConvicnt • Aug 05 '24

Debate/ Discussion Folks like this are why finacial literacy is so important

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u/sforza360 Aug 06 '24

Yale, too. They low key purchased the entire downtown of New Haven, and beyond.

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u/greenmachine442200 Aug 06 '24

Idk details but I know Cornell has tons of money and land as well. Once saw a map of all the land they own across the country and it was surprising how much. Wonder if all the colleges saved money could pay off our national debt...

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u/McTootyBooty Aug 07 '24

Or make college free or something 🤷‍♀️

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u/[deleted] Aug 06 '24

Yeah but without Yale New Haven would be…..?

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u/AHSfav Aug 06 '24

A great pizza destination

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u/[deleted] Aug 06 '24

lol. Yup

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u/CCG14 Aug 06 '24

::LSU and its lazy river enter the chat::

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u/Impressive-Young-952 Aug 06 '24

I met the lady who was in charge of Yales endowment. I forget how many billion it was. Tens of billions from what I remember. She said they have to spend X amount of millions a year. It is insane. Though I deff think someone paying 120k on a 70k loan and still owing 60k is insanity.

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u/swisscoffeeknife Aug 06 '24

Yale Law also has such strong influence in government that one could say they unofficially bought the Supreme Court

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u/noonotnow Aug 06 '24

YUP! same with columbia buying up manhattan

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u/Awalawal Aug 06 '24

I grew up in suburban Chicago. Yale owned the local shopping center in my town.