Furthermore you are dismissing the fact that there still is a market, with choices.
It's actually the opposite... It creates an option with different tradeoffs.
Everyone with their own money. The university with its own, the donors with their own.
The parent post makes no sense: Charlie Munger does not decide "what to build", he decides whether to participate.
Sure, this is a convenient way to look at this particular situation. Yet I google "strings attached donation university" and see many instances of this crap: Koch brothers, John Allison, etc. It's serious enough that Harvard recently issued a "Gift Policy Guide" discourage strings-attached giving. Ironically, only the elite private universities have enough cachet to make such a policy stick.
^1 For some time German universities had to require higher fees from students, officially to provide an improved learning experience. Seeing that universities now had an alternative income source some states cut public funding, they didn't care about the specifics, the courts did, some universities ended up not heating their buildings during winter because they couldn't legally touch the money.
What other «way[s] to look at this» are there? Point of view or practical proposal, I do not get what are the other options.
But my more extreme view is that individuals should not be able to amass so many resources to begin with. It's absurd.
There's nothing hindering students from renting an apartment, they don't have to use the 200$ million building.
I don't live in the US and don't know the local market, but a quick google says you need at least $2000 a month to get a basic apartment in Santa Barbara: https://www.apartments.com/santa-barbara-ca/. Who has that kind of money, especially combined with a full time education?
Your elitism is showing.
No one will be forced to live there, but that location is a much better alternative than homeless or not.
The ridiculous expense because of the acute housing shortage in SB. Which building the largest dorm in the country would help alleviate.
> they don't have to use the 200$ million building
1.5$ Billion Building