Opinion

Our opinion: Housing hike strikes wrong note in current economic climate

As if we haven’t spoken about the economy enough this year…In a bold move by the university, overall on-campus housing will increase in price by 4.5 percent next year, and 5 percent at University Village.

Next academic year, a four bedroom/four bathroom apartment in University Village is going to cost close to $1,000 per month. The increases keep pace with what the university has done in past years, but this is no ordinary year.

So graduate students are being kicked out of the UV to make room for undergraduates in keeping with the school’s master plan, but we’re raising prices on those same students who are facing financial hardships?

The truth is – as we’ve said before – being a private university, we must take the good with the bad. While UM is a non-profit organization, they’re not running a charity, and budgetary shortfalls must be made up. It just seems a little wrong that while property values around the campus plummet, housing on campus keeps rising as it did in years past. The value of a college education certainly increases during tough times; housing certainly does now.

So what to do if you’re fearing these increases? Think outside the borders…of campus. In an informal survey, we found students living in a four-bedroom house within five miles of campus for about $650 per person per month (with roommates, of course). The Department of Residence Halls provides off-campus resources for those seeking to move just a little farther away from the heart of it all. With that extra $250-300 per month, you could easily afford a cheap car and a 12-pack of your favorite imported beer. It’s something to think about.

February 15, 2009

Reporters

Editorial Board

The Miami Hurricane


Around the Web
  • Miami Herald
  • UM News
  • Error

With the University of Miami season opener closing in, the next starting quarterback has yet to be n ...

The second fall scrimmage, closed to the media and public, is over. University of Miami coach Mark R ...

1. DOLPHINS: Fins any good? 'Dress rehearsal' may tell: Opening win, then lopsided loss. W ...

University of Miami linebacker Jamie Gordinier has had another unfortunate setback, effectively side ...

The calmest coach on the planet got mad Friday after football practice. University of Miami coach Ma ...

UM’s new chief academic officer holds some 40 patents, and in 2017 was inducted into the National Ac ...

University of Miami students and researchers are blogging during a month-long expedition in the Gulf ...

María de Lourdes Dieck-Assad, a world-renowned economist and former ambassador, fills a new role for ...

Through the U Dreamers Grant, DACA students find essential support as they pursue their college degr ...

UM students talk about their internships up north in a city that never sleeps. ...

RSS Error: A feed could not be found at http://www.hurricanesports.com/. A feed with an invalid mime type may fall victim to this error, or SimplePie was unable to auto-discover it.. Use force_feed() if you are certain this URL is a real feed.

TMH Twitter Feed
About TMH

The Miami Hurricane is the student newspaper of the University of Miami in Coral Gables, Fla. The newspaper is edited and produced by undergraduate students at UM and is published weekly on Thursdays during the regular academic year.