[Perma Bear]

Woulnt that make the area stupid expensive like UC Berkeley, Stanford, Harvard, etc do to real estate?

[thelastjohn]

Because New Haven is pretty much a third-world hellhole outside of the campus

[Stylo]

Originally Posted by Perma Bear

Woulnt that make the area stupid expensive like UC Berkeley, Stanford, Harvard, etc do to real estate?

No. Those areas aren't expensive because of the university. They're expensive because they're expensive. If you removed the university, it wouldn't affect the values drastically. Boston and the Bay Area are extremely competitive areas in high demand. New Haven is far removed enough from NYC that the prices are somewhat reasonable. It doesn't have the jobs base or the proximity to a major metro area to drive prices very high.

That said, New Haven isn't exactly what I would call "cheap". $2k+ rents are common with new buildings, and the area in general is more expensive than most parts of the country. It is really not drastically cheaper than Cambridge, but it is significantly cheaper than the Bay Area.

[Stylo]

Originally Posted by thelastjohn

Because New Haven is pretty much a third-world hellhole outside of the campus

That isn't true. Most of East Rock, Prospect Hill, Wooster Square, Westville, Morris Cove, etc. are perfectly safe and nice areas and aren't on the campus.

[Raider111]

Originally Posted by Perma Bear

Woulnt that make the area stupid expensive like UC Berkeley, Stanford, Harvard, etc do to real estate?

Two of them are in a beautiful part of the country.
Harvard? Good question. Some on here think Boston is the end all be all. Way overrated if you ask me

[nico7]

New Haven has a much smaller population than the other cities cited, and is not a world-dominant tech/pharma hub as are San Fran and Boston. New Haven is home to a lot of young people who love the nightlife, but when they want to raise families, they generally move to the quiet suburbs where schools are much better. Yale graduates move to all corners of the earth when they leave the university. There are nice (and expensive) neighborhoods in New Haven, but for the tax rates residents pay, many consider it a better value to live in the suburbs and commute into the city.

[Perma Bear]

Originally Posted by Stylo

No. Those areas aren't expensive because of the university. They're expensive because they're expensive. If you removed the university, it wouldn't affect the values drastically. Boston and the Bay Area are extremely competitive areas in high demand. New Haven is far removed enough from NYC that the prices are somewhat reasonable. It doesn't have the jobs base or the proximity to a major metro area to drive prices very high.

That said, New Haven isn't exactly what I would call "cheap". $2k+ rents are common with new buildings, and the area in general is more expensive than most parts of the country. It is really not drastically cheaper than Cambridge, but it is significantly cheaper than the Bay Area.

There are tons of houses for less than 200k. That to me is shockingly cheap.

[JayCT]

There are many world class universities that are located in low cost areas. A few that come to mind include Brown, Duke, Cornell, Dartmouth, Carnegie Mellon among others. As was noted having a great university does not mean high real estate costs. Jay

[Perma Bear]

Originally Posted by JayCT

There are many world class universities that are located in low cost areas. A few that come to mind include Brown, Duke, Cornell, Dartmouth, Carnegie Mellon among others. As was noted having a great university does not mean high real estate costs. Jay

I'm surprised high income people don't go there to be near the university to make it easily for their kid to get in.

[mlassoff]

Originally Posted by Perma Bear

I'm surprised high income people don't go there to be near the university to make it easily for their kid to get in.

Being near the University has no bearing on admissions. Yale also admits on a need-blind basis. There are many, many students who are far from high-income.