That's very short sighted. There are tons of industry positions in Computer Science that pretty much require a PhD if you want to be a competitive applicant.

That's very short sighted. There are tons of industry positions in Computer Science that pretty much require a PhD if you want to be a competitive applicant. Research isn't about expensive equipment, it's about time. Sure, there's a lot of CS research you can do in your basement for small amounts of money (depending on the field), but you're never going to compete with people who spent all day every day doing research.