Community colleges and 4-year colleges aren't the same product. I'm asking why we don't simply have lots and lots more 4-year colleges, if the demand is so high that the prices can skyrocket the way they have.
Interesting. I'd guess it had partly to do with regulatory hurdles, accreditation and such. The other parts, acquiring the land, buildings, equipment, faculty are rather capital intensive. I suppose they could be rented at first.
