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Infant care in my area starts at $3000ish/mo and you need to get on waitlists the moment you conceive. That sounds like a joke, but when I recently contacted local centers to recalibrate my expectations I was told that the waitlist was for a year out - 9 months + 3 months of parental leave.
It's so bad that it's even preventing me from becoming a foster parent. There is no guarantee that there would be childcare available, even if the state covers a fair amount of the expense. Forget about adopting - it's too expensive to pull off on one income (especially in the HCOL region where I live) but unless you are working with a pregnant mother up to the point of delivery from early on, it's unlikely that you could get off a waitlist for a spot.
I make in the top 15% of incomes in the country, and can't afford $4500/mo in PITI for a starter home plus $3000/mo for childcare for one (G-d forbid twins...). And very few of my friends have kids, and if they do they're all starting after 35.
You have to research other day care options just like Threerun did.
How many kids did you have in daycare when you were not in mogul income level and your wife worked as well to pay the mortgage?
That is irrelevant to the discussion.
What IS relevant is investment in daycare/childcare as a business. Businesses require business plans including the financial model to generate a ROI, to model free cash flow, to model the working average cost of capital and the like.
What also is relevant to the discussion is the knee-jerk response of certain posters who have been programmed to criticize anything involving capitalism including venture capital, private equity, and their role in the capital markets.
What IS relevant is investment in daycare/childcare as a business. Businesses require business plans including the financial model to generate a ROI, to model free cash flow, to model the working average cost of capital and the like.
What also is relevant to the discussion is the knee-jerk response of certain posters who have been programmed to criticize anything involving capitalism including venture capital, private equity, and their role in the capital markets.
No, it is not irrelevant. There is more to raising children than ROI if you want to improve the current situation.
Capitalism including venture capital, private equity, etc, are rife with excesses and extremes that often require federal, state or local oversight to control.
Last edited by Mike from back east; 03-02-2024 at 02:49 PM..
What IS relevant is investment in daycare/childcare as a business. Businesses require business plans including the financial model to generate a ROI, to model free cash flow, to model the working average cost of capital and the like.
What also is relevant to the discussion is the knee-jerk response of certain posters who have been programmed to criticize anything involving capitalism including venture capital, private equity, and their role in the capital markets.
Mine is not a knee jerk reaction. I'm in commercial finance. Private equity is not an option I would ever, ever recommend in that 'industry'. I work directly with Zero to Five( https://zerotofive.org/ )
Quote:
Zero to Five Montana is a statewide early childhood organization focused on increasing access to early care and education, supporting and strengthening families, uplifting voices, and empowering small businesses and communities. We are nonpartisan and focused on solutions that work toward a Montana dedicated to every child.
Our promise is to stabilize, innovate, and build the early childhood system in Montana so all families and communities can thrive.
In all the discussions I've had, which includes bankers, angels, economic development orgs, Dept of Commerce officials.... no one and I mean NO ONE wants VC or PE involved in our state re child care. NO ONE. Furthermore child care is the wrong industry type for what they do anyway
Infant care in my area starts at $3000ish/mo and you need to get on waitlists the moment you conceive. That sounds like a joke, but when I recently contacted local centers to recalibrate my expectations I was told that the waitlist was for a year out - 9 months + 3 months of parental leave.
It's so bad that it's even preventing me from becoming a foster parent. There is no guarantee that there would be childcare available, even if the state covers a fair amount of the expense. Forget about adopting - it's too expensive to pull off on one income (especially in the HCOL region where I live) but unless you are working with a pregnant mother up to the point of delivery from early on, it's unlikely that you could get off a waitlist for a spot.
I make in the top 15% of incomes in the country, and can't afford $4500/mo in PITI for a starter home plus $3000/mo for childcare for one (G-d forbid twins...). And very few of my friends have kids, and if they do they're all starting after 35.
If this is your area this place is $118 p/day or $2360 p/mo, not including annual fees for various sundries. That's infant to 2 years of age.
That's expensive, no doubt, but it's under $3,000.
We found an in home caregiver, and my wife went FT to PT and we paid about $250 a week for 2 kids for 3 days a week. Of course that was 20 years ago, lol. Depending on a couples salary, it might make sense for one to go PT too offset the cost of childcare.
,
The politically incorrect solution : abolish all taxes on labor and industry.
(wha...?)
Yes, abolish socialism.
Aggregate government spending is 44.4% of the GDP. So we're working for the government until MAY. Do you think that's behind the creeping poverty?
Back in 1910, the Federal Tax bite was 0.9% of the GNP.
One of the after effects of making America a "tax haven" will be the return of industries that were driven out by high taxes. Ditto, for the merchant marine. No more registrations in Liberia or Panama.
Won't that be interesting?
No, it is not irrelevant. There is more to raising children than ROI if you want to improve the current situation.
You seem to want to change the subject from the business of childcare - and make no mistake, childcare is a business - to the concept of "raising children". The latter is an important discussion, and one worthy of Great Debates as there are varying views on the topic. However, unquestionably, those are two separate & distinct topics.
Quote:
Originally Posted by Threestep2
Capitalism including venture capital, private equity, etc, are rife with excesses and extremes that often require federal, state or local oversight to control.
No one is arguing for regulation-free capitalism; that is a sophomoric "Straw Man" . Everyone agrees we have an extensive regulatory framework at the federal, state & local levels.
Back to the topic of this thread: @Threestep2, would you invest your life savings into a business that provides childcare services?
This is the race to the bottom that's why. People created this dependency on child care.
If 2 parents both work because cost of living is too high, they need to figure out how to parent without spending so much income on child care.
It makes no sense that both parents have to work and depress the job market. The more people enter the job market the less companies will pay to hire people.
Assume one parent works and one parent stay at home for 15 yrs, you save a lot and the working parent may get a higher raise because less competition on the job market.
Now you have men and women both competing for the same jobs and employers will pay less because the large amount of people looking for work.
Now Gen Z can't find jobs because Boomers, X, Millennials, Z are all in the job market at the same time. Never before did we have more than 2 generations of workers not retiring and competing for work.
Then we are racing to the bottom and parents must struggle to work and daycare their kids because their incomes are depressed.
This is the race to the bottom that's why. People created this dependency on child care.
If 2 parents both work because cost of living is too high, they need to figure out how to parent without spending so much income on child care.
It makes no sense that both parents have to work and depress the job market. The more people enter the job market the less companies will pay to hire people.
Assume one parent works and one parent stay at home for 15 yrs, you save a lot and the working parent may get a higher raise because less competition on the job market.
Now you have men and women both competing for the same jobs and employers will pay less because the large amount of people looking for work.
Now Gen Z can't find jobs because Boomers, X, Millennials, Z are all in the job market at the same time. Never before did we have more than 2 generations of workers not retiring and competing for work.
Then we are racing to the bottom and parents must struggle to work and daycare their kids because their incomes are depressed.
We've had more than 2. I'm an X and when I entered the professional workforce we had greatest generation, boomers and X.
We've had more than 2. I'm an X and when I entered the professional workforce we had greatest generation, boomers and X.
And they retired properly but boomers refused to retire and they are almost 20yrs past retirement which proofs my point that we’ve never had more than 2 gens working with the oldest gen retiring too late like Senator McConnell working past 80. Boomers now must retire to help the millennials and Gen Z take up jobs.
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