4 ms·

I live in the Village. NYU charges above-market prices per sq.ft. compared to Craig's List room rates. They can, because parents are willing to pay for the secu

• jrockway 13y ago
  A market consists of identical goods. If what NYU provides isn't identical to the surrounding housing, it's unfair to compare its pricing to that of the surrounding housing. It's like saying that oranges are "above market" compared to apples.
• snogglethorpe 13y ago
  > NYU charges above-market prices per sq.ft. compared to Craig's List room rates Of course, every university I've ever seen the prices for does the same thing. Dorms (and other university housing) are not cheap. It's a fairly captive market (in many cases students are required to live in dorms when they're freshmen, and when not, they often aren't in a good position to search for housing) and they have a premium product by many measures (typically because dorms are much closer to the rest of the university, and most people you know also live there...). Most people I knew who moved off-campus when I was in university did so to save money; despite sometimes roomier accommodation, it's almost always much farther away, and often quite a bit nastier (slumlords catering to poor students are legion)...