06-04-2024, 03:35 PM
Governor's Corner.
Quality living back in the late 80s and 90s, but for many it has always been just a touch too far from the hub of campus life.
The Casper Quad dorms are better in many ways, but I believe they also lack the in-dorm social vibe many seek.
I have seen quite a few students post comments that imply Wilbur and Stern are actually best for incoming students because they are more vibrant and similar to the college life experience HS student anticipate they will experience at college.
I would imagine there are a few forces in play for the strong demand.
The increase in the undergrad class size, the unexpectedly strong yield of a few recent classes, COVID increasing stop out rates in 2020-2021 and 2021-2022, and the ever increasing cost of housing off-campus.
FWIW - I think it is funny that the Daily writer complained about room and board costs. I would guess several thousand citizens in the SF Bay Area would happily pay the that R&B rate for a small shared room in a family home. And let's not even talk about SF Bay Area food and restaurant costs.
At many schools on campus housing is vastly more expensive than off campus options, but for Stanford the students are getting an unbelievable discount to the prevailing rate.
And I guess this Joyce Chen is not an Econ major, as one logical solution to the imbalance between demand and supply would be to INCREASE the cost to reduce demand since supply is apparently fixed.
The new higher CA minimum wage likely have increased labor costs. In most service industries those costs are getting passed on to consumers. All of those workers that cook food and clean the dorms are now quite a bit more costly than they were 12 months ago. A 7% increase could be reasonable even if the university had been charging something closer to the market rate for housing.
Quality living back in the late 80s and 90s, but for many it has always been just a touch too far from the hub of campus life.
The Casper Quad dorms are better in many ways, but I believe they also lack the in-dorm social vibe many seek.
I have seen quite a few students post comments that imply Wilbur and Stern are actually best for incoming students because they are more vibrant and similar to the college life experience HS student anticipate they will experience at college.
I would imagine there are a few forces in play for the strong demand.
The increase in the undergrad class size, the unexpectedly strong yield of a few recent classes, COVID increasing stop out rates in 2020-2021 and 2021-2022, and the ever increasing cost of housing off-campus.
FWIW - I think it is funny that the Daily writer complained about room and board costs. I would guess several thousand citizens in the SF Bay Area would happily pay the that R&B rate for a small shared room in a family home. And let's not even talk about SF Bay Area food and restaurant costs.
At many schools on campus housing is vastly more expensive than off campus options, but for Stanford the students are getting an unbelievable discount to the prevailing rate.
And I guess this Joyce Chen is not an Econ major, as one logical solution to the imbalance between demand and supply would be to INCREASE the cost to reduce demand since supply is apparently fixed.
The new higher CA minimum wage likely have increased labor costs. In most service industries those costs are getting passed on to consumers. All of those workers that cook food and clean the dorms are now quite a bit more costly than they were 12 months ago. A 7% increase could be reasonable even if the university had been charging something closer to the market rate for housing.