I knew a foreign student like that. He was a great guy and a friend, and we worked in the same building. One day, I told him that I purchased a condo to save money during the doctoral program (in my unique situation, my mortgage was less than basically all other grad student's rent, at least those I knew). A little while later, he told me that he also purchased a condo. I asked him about his mortgage rate, and he gave me a puzzled look. His well-off family paid >$250k, cash, for his condo.

In general, pursing a doctoral degree requires a certain degree of financial stability. The successful doctoral students usually came from wealthy families, whereas the ones who struggled the most also struggled with finances. I believe it's essentially impossible to perform truly novel academic research when your personal finances are volatile. I also firmly believe that graduate student unionization is an elitist mentality that must be unilaterally opposed, as it is guaranteed to destroy any constructive academic culture.

> I believe it's essentially impossible to perform truly novel academic research when your personal finances are volatile.

Your belief is well-founded: the effects of stress on performance are well-established, and financial instability is one of the major stressors.

> I also firmly believe that graduate student unionization is an elitist mentality that must be unilaterally opposed

...and you've lost me. Student unions are trying to achieve stability for those who are not independently wealthy. Calling it elitism doesn't sit right with me. Absent improved income for the working students who need it, the suggestion that only students from wealthy families should be the ones exclusively pursuing PhDs is the real elitism.