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- Oct 29, 2003
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We've all heard on CNN/NYT/WSJ, about the library squater. I think it is more than understandable to me why this kid could not afford his housing at NYU. Rumor has it that undergrads pay between $850 and $1250 for their "on-campus" housing. But incase you need proof of how expensive NYC really is, here you go:
" In New York City, a minimum wage earner would have to work 154 hours every week to afford a two-bedroom unit at fair market rent. New York is the fifth least affordable state in the nation for housing.* "
The cost of housing by geographic area would be distributed with least expensive to most expensive as:
Downstate = Least expensive
Columbia
MSSM
Cornell
NYU = Most expensive
This means that without subsidized housing for medical school, residency, and fellowship, we are severely SCREWED!
*Testimony of Public Advocate Betsy Gotbaum
New York City Council, Housing Committee
http://www.pubadvocate.nyc.gov/
" In New York City, a minimum wage earner would have to work 154 hours every week to afford a two-bedroom unit at fair market rent. New York is the fifth least affordable state in the nation for housing.* "
The cost of housing by geographic area would be distributed with least expensive to most expensive as:
Downstate = Least expensive
Columbia
MSSM
Cornell
NYU = Most expensive
This means that without subsidized housing for medical school, residency, and fellowship, we are severely SCREWED!
*Testimony of Public Advocate Betsy Gotbaum
New York City Council, Housing Committee
http://www.pubadvocate.nyc.gov/