[Perma Bear]

Originally Posted by mlassoff

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.

but most are.

[mlassoff]

Originally Posted by Perma Bear

but most are.

I guess that really depends on how you define "high income."

High income folks generally have the money to locate in areas where there are excellent high schools-- or send their kids to private school. It is certainly easier for kids from high-income families.

However, there is no "preference" in Yale's admission system for these individuals. If anything they are striving for a diverse Freshman class each year.

[Perma Bear]

Originally Posted by mlassoff

I guess that really depends on how you define "high income."

High income folks generally have the money to locate in areas where there are excellent high schools-- or send their kids to private school. It is certainly easier for kids from high-income families.

However, there is no "preference" in Yale's admission system for these individuals. If anything they are striving for a diverse Freshman class each year.

I know places like the Ivies and stanford say those things but generally the high income kids have access to better education. But nonetheless I'm surprised it doesn't become expensive because of the "Cal Poly SLO" effect where a town is expensive because it's near a good college.

[JayCT]

Originally Posted by Perma Bear

I know places like the Ivies and stanford say those things but generally the high income kids have access to better education. But nonetheless I'm surprised it doesn't become expensive because of the "Cal Poly SLO" effect where a town is expensive because it's near a good college.

Here in the northeast there are hundreds of good to great colleges. If a good college raises the cost of real estate virtually the entire northeast would be expensive. It just does not work that way here. Jay

[NewJeffCT]

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.

Yes, and those people that want to live near Yale do so in towns like Woodbridge, Orange, Cheshire, Madison and Guilford, which are not exactly cheap by national standards. New Haven itself is a mere 20 square miles, which is smaller than Palo Alto (26 sq miles), which is outside of San Jose, which is a whopping 180 square miles in size and is the 10th largest city in the entire country with a population of over 1 million. So, it's all about perspective.

[Raider111]

Originally Posted by NewJeffCT

Yes, and those people that want to live near Yale do so in towns like Woodbridge, Orange, Cheshire, Madison and Guilford, which are not exactly cheap by national standards. New Haven itself is a mere 20 square miles, which is smaller than Palo Alto (26 sq miles), which is outside of San Jose, which is a whopping 180 square miles in size and is the 10th largest city in the entire country with a population of over 1 million. So, it's all about perspective.

A student either has the goods to get into Yale or they don't. Whether they live in Woodbridge, Madison, or Mars is not going to decide that.

[NewJeffCT]

Originally Posted by Raider111

A student either has the goods to get into Yale or they don't. Whether they live in Woodbridge, Madison, or Mars is not going to decide that.

True, but the OP was wondering why New Haven is not more expensive, like Palo Alto is in California.

[RunD1987]

New Haven I find pretty cheap. Only expensive part is when you are near Yale they have some high class apartments with high rent and high parking premium. Don't think Yale has much of an influence on the City.

[Mike 75]

It's cheap b/c the property taxes are expensive. In CT, towns with the lowest property taxes typically have the highest real estate values, and vice versa.

[FunkOdyssey]

Originally Posted by Mike 75

It's cheap b/c the property taxes are expensive. In CT, towns with the lowest property taxes typically have the highest real estate values, and vice versa.

I think you have the causality backwards. The mill rate is so high because it has to be in order for the city to collect enough money to pay the bills in spite of the depressed property values. The actual reason the property values are so low was explained by lastjohn: it's a third world hellhole that ranks among the most dangerous in the country like most cities in Connecticut.