So we were talking about amortization in class today and one of the examples I used was buying a house. So, in Excel(snort) I demonstrated that if you bought a $300,000 house at 8% interest with a 30 year mortgage you would end up paying almost $800,000 over the life of the loan. This led to the following discussion:
Student 1: So why don’t you just save up until you have $300,000, and then buy the house?
Me: You mean when you’re 70 years old and your 3 kids are married with kids, you’re going to buy a house then?
Student 2: Oh, well then why don’t you just wait til your parents die and then move into their house?
Me: You mean when you’re 50 or 60 years old and all your kids are grown, you’ll move into your parents old house?
Student 3: (incredulous) I’m not going to be 50 years old when my parents die!
Me: Well when do you expect them to die?
Student 3: A lot sooner than that!

My kids in 8th grade were typing quietly today, when one of my students asked
My 7th graders in Study Hall are always trying to come up with new things to do instead of actually doing their work.