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As someone running a personal .net, I much prefer the $10/yr I'm paying right now. I might be able to afford $200/yr now that I'm working, but I certainly would not have been able to keep that up in college. I don't think cutting students out from being able to have personal domains is at all a good solution.

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You're the exception. You got there first. In a couple of decades, nobody in your situation will be able to get any name that makes sense. At this point, people will have to get subdomains anyway.

Actually, the domain market I would say is on the decline as PPC which has been fueling it for many years is spiraling down the drain. That business model will erode and become less and less profitable over time. As that happens, I suspect more domains will cross the margin of profitability and be dropped back into availability. It won't happen overnight or instantly, and the best stuff will not become available, but things at the margins will. I think some registries already manipulate renewal/registration costs to make sure there isn't a decline.

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