I see nothing in this article about housing, which is a huge problem (particularly in the Bay Area and SoCal). So these graduate students will be expected to fi

I see nothing in this article about housing, which is a huge problem (particularly in the Bay Area and SoCal). So these graduate students will be expected to find housing around, say Berkely, on $34,000 a year. Consider [1]: > Pay and housing demands by University of California academic workers — who launched a massive strike across the system this week — could amount to several hundred million dollars annually, an “overwhelming” financial impact, a UC senior leader says. The UC system has a lot of money [2]. Current assets stand at $140 billion. Most of that is the pension fund ($81 billion). Note that the UC system employs a ton of people because it runs a significant health and hospital system. But here's the endowment: > The General Endowment Pool stood at $18.2 billion as of June 30, 2022. The 30-year annualized net return was 9%, the 20-year return was 7.9%, the 10-year return was 9.1%, the five-year return was 8.9%, and the one-year net return was negative 7.6% (1.4% over the benchmark). So the univeristy is making >$1B a year in returns on money that it was simply given. So why can't the UC system do what the NYU system does and supply grad students with housing? NYU owns billions in Greenwich Village real estate that is deciated to student and staff housing. This would have the benefit of controlling housing costs (for the students) and still keep assets on their balance sheet. [1]: https://www.latimes.com/california/story/2022-11-16/uc-union-demands-to-tie-pay-to-housing-costs-could-have-overwhelming-financial-impact https://www.latimes.com/california/story/2022-11-16/uc-union... [2]: https://www.universityofcalifornia.edu/press-room/ucs-investment-assets-close-fiscal-year-152-billion https://www.universityofcalifornia.edu/press-room/ucs-invest...