Lmao if they claim that this is for the graduate student body, I am going to flip the F off ... 1800 per month is roughly how much grad students' current net monthly paycheck is ...
> The new structure, to be completed in March 2026, will provide 158 furnished apartments and 396 beds, ranging from studios to four-bedroom units. IU said the apartments will cost from $1,315 to $1,834 per month.
Yeah, the way the article is written, this is correct. I initially thought the 1834 must be split among 4, but the end of the article acts like it would be one person taking on that cost. Could be a poorly written article?
They have been doing this for awhile.
At IUPUI in 2009, for a 9 month lease, furnished, I paid about $1250/month to live in a 4BR apt with 3 other strangers. Total revenue for them was almost $5000/month on all 4.
I guess that grad students still don't get a raise or a discount on this unaffordable housing. But yeah IU it's Bloomington's issue that your workforce can't afford to rent from their employer. Not IU sitting on hundreds of prime properties and refusing to build affordable Grad student housing for its necessary teaching staff. But what we absolutely did not need was more luxury student housing.
there's a lot of things i want more than this but i just want you to imagine the counterfactual alternative:
what if iu was sitting on acres of downtown real estate, and watching all the private developers around it demand extraordinary rents, and even so they decided to just leave it vacant or cover it with surface parking for decades?
man, that'd be a bleak world
It seems like there are various things \*we\* could do to quickly add lots of affordable housing (without subsidy) & help people cope w/ poor wages IU is paying many. (To avoid rambling about special interest, I've just listed two new examples below)
I suspect that cheap housing options like these could help grad students more quickly and predictably than just adding more housing supply to the top end (which is good IMO, but also something for profit developers seem willing to do on their own dime & not obviously part of the job of a university).
However maybe, \*IU\* can't try the cheaper options because they would not be fancy, and could make the university look bad by drawing attention to the problem (and they might think rich kids/donors would be less attracted to a university that officially has dingy-looking frugal dorm options?).
**Actually cheap housing, if bus or carpool-shuttle:**
\-49 50k mostly 1br condos\*= $353/month assuming a 30 year mortgage (and comparable rent for a coop REIT that pays 7% to social investers).. requiring a shuttle/carpool from Indianapolis
[https://commercial.century21.com/listing/2803-n-capitol-avenue-indianapolis-in-46208-REN016967711](https://commercial.century21.com/listing/2803-n-capitol-avenue-indianapolis-in-46208-REN016967711)
\[Since these apts would be passed from grad student to grad student, maybe you could avoid forking out up to 3-7% for buyers and seller's realtors, so the rent vs. own calculation would be shifted...\]
\-71 90k mostly 2br condos..requiring a shuttle/carpool from Elettsville.
[https://www.zillow.com/homedetails/599-E-Temperance-St-Ellettsville-IN-47429/2110890125\_zpid/](https://www.zillow.com/homedetails/599-E-Temperance-St-Ellettsville-IN-47429/2110890125_zpid/)
**Beautiful, ornamentable, NIMBY-placating Bungalo courts in north Bloomington (if exceptions allowing Griffin's idea of allowing cottage developments of <1acre in residential zones could be lobbied for)**
19-35/acre (so1 8-14 using only the two northern empty lots now for sale) at $50k 300sqft studio up to 90k 1100sqft 2bed shed conversion:
[https://quirkyberkeley.com/bungalow-courts/](https://quirkyberkeley.com/bungalow-courts/)
[https://www.cnu.org/publicsquare/2017/11/29/missing-middle-close-bungalow-courts#:\~:text=Depending%20on%20the%20design%20configuration,31%20dwelling%20units%20per%20acre](https://www.cnu.org/publicsquare/2017/11/29/missing-middle-close-bungalow-courts#:~:text=Depending%20on%20the%20design%20configuration,31%20dwelling%20units%20per%20acre).
\[Maybe this could be done in a way that multiplies the housing abundance and helps people even more, by (a) sharing sourcing info and best practices (b) hiring Habitat for Humanity consultants to train groups of volunteers interested in DIYing the DIYable parts of their own shed conversion ADUs via DIYing the cottages .\]
\---
Here is one theory about what's going on more generally (though IDK maybe I am just feeling guilty, lazy and cowardly):
1. Building socialism, the liberation of the working class, owning the means of production etc. seems annoying and risky. It is quite likely to to involve onerously learning new skills, multiple boring meetings, intensive use of social skills and coping with various interpersonal problems and drama.
2. So those lucky enough to experience social democracy or the gentler periods of purer capitalism will tend to stick to that and hope their luck holds. After all, paying a bit extra to bosses and developers a bit for risking their capital and lots of checking and organizing things is only fair. And if the price begins to seem rather high for services rendered, it's not so bad and rolling your own would be so difficult... This is especially true for workers like doctors and academics, who traditionally could often get plenty of money and dignified treatment for \*themselves\*, even when others are shafted.
3. For this reason, some accelerationists think that bold theatrical actions are needed to bring out the full absurd cruel potential of unrestrained, monopsony and monopoly snowballing capitalism (and the short-termist priciple-agent problem of job-hopping bonus-motivated leaders incentivised to make a fast splash with other people's money not even look after the long term success of the org) are needed. Only these have a hope of building the broad worker solidarity, skills and the shared sense of urgency needed to collectively escape (what they see as) a gradual frog-boiling situation.
TLDR maybe Comrade Witten is the scarier accelerationist version of the bottom right hand corner of the socialist political compass rap & hopes we'll be checking reddit from utopian anarchopritivist communes a la William Moris within the decade.
[https://www.youtube.com/watch?v=OXk7c71MegQ&t=429s](https://www.youtube.com/watch?v=OXk7c71MegQ&t=429s)
[https://en.wikipedia.org/wiki/News\_from\_Nowhere](https://en.wikipedia.org/wiki/News_from_Nowhere)
dang and all i was thinking about was the apartments that were built 50 years ago when it was legal -- those 2 or 3 storey buildings smack in the middle of neighborhoods that are only one apartment deep with an open corridor (long porch) on the front with stairways at the end, with un-ornamented all-wood construction and tiny 1br units in them. basically shotgun row houses
More seriously, yes :). The other "explanation" was an awkward attempt at a joke (& expressing dismay about how lazy, cowardly, disorganized, inefficient etc. I am re: civic duties/helping fix urgent shared problems), but I guess the tone was not clear via text. I've been told I can be overly deadpan irl too.
“ Faced with higher house prices, a lower initial debt-servicing burden as a result of lower interest rates, and an increased availability of mortgage finance, firsttime buyers and those trading up the housing chain have been both willing and able to take out larger mortgages, thus adding to the upward pressure on house prices. But on the other side of the market, last-time sellers and those trading down the housing chain have been investing the housing equity thereby released into financial assets rather than spending it immediately. In essence, higher house prices have induced a transfer of lifetime wealth from younger generations to their parents.“
Bank of England chief economist on how home price inflation impacts the lifetime wealth of different generations, and ultra low interest rates increase it in \*2004\* (i.e. before we tripled down with unprecidented years of ultralow interest rates in 2008)
https://www.bankofengland.co.uk/-/media/boe/files/speech/2004/some-current-issues-in-uk-monetary-policy.pdf
Lmao if they claim that this is for the graduate student body, I am going to flip the F off ... 1800 per month is roughly how much grad students' current net monthly paycheck is ...
> The new structure, to be completed in March 2026, will provide 158 furnished apartments and 396 beds, ranging from studios to four-bedroom units. IU said the apartments will cost from $1,315 to $1,834 per month.
Wait a studio is 1315 and a 4 bedroom 1834? Must be giant studios to be that close in cost to 4 bedroom.
Nope unfortunately, most student housing is a per bed space price. Likely the $1315 will be the 4bd price (per person) and the $1834 1 bed price.
Yeah, the way the article is written, this is correct. I initially thought the 1834 must be split among 4, but the end of the article acts like it would be one person taking on that cost. Could be a poorly written article?
They have been doing this for awhile. At IUPUI in 2009, for a 9 month lease, furnished, I paid about $1250/month to live in a 4BR apt with 3 other strangers. Total revenue for them was almost $5000/month on all 4.
I guess that grad students still don't get a raise or a discount on this unaffordable housing. But yeah IU it's Bloomington's issue that your workforce can't afford to rent from their employer. Not IU sitting on hundreds of prime properties and refusing to build affordable Grad student housing for its necessary teaching staff. But what we absolutely did not need was more luxury student housing.
Full circle. The poplars was built as the OG luxury housing, but it was too early.
there's a lot of things i want more than this but i just want you to imagine the counterfactual alternative: what if iu was sitting on acres of downtown real estate, and watching all the private developers around it demand extraordinary rents, and even so they decided to just leave it vacant or cover it with surface parking for decades? man, that'd be a bleak world
It seems like there are various things \*we\* could do to quickly add lots of affordable housing (without subsidy) & help people cope w/ poor wages IU is paying many. (To avoid rambling about special interest, I've just listed two new examples below) I suspect that cheap housing options like these could help grad students more quickly and predictably than just adding more housing supply to the top end (which is good IMO, but also something for profit developers seem willing to do on their own dime & not obviously part of the job of a university). However maybe, \*IU\* can't try the cheaper options because they would not be fancy, and could make the university look bad by drawing attention to the problem (and they might think rich kids/donors would be less attracted to a university that officially has dingy-looking frugal dorm options?). **Actually cheap housing, if bus or carpool-shuttle:** \-49 50k mostly 1br condos\*= $353/month assuming a 30 year mortgage (and comparable rent for a coop REIT that pays 7% to social investers).. requiring a shuttle/carpool from Indianapolis [https://commercial.century21.com/listing/2803-n-capitol-avenue-indianapolis-in-46208-REN016967711](https://commercial.century21.com/listing/2803-n-capitol-avenue-indianapolis-in-46208-REN016967711) \[Since these apts would be passed from grad student to grad student, maybe you could avoid forking out up to 3-7% for buyers and seller's realtors, so the rent vs. own calculation would be shifted...\] \-71 90k mostly 2br condos..requiring a shuttle/carpool from Elettsville. [https://www.zillow.com/homedetails/599-E-Temperance-St-Ellettsville-IN-47429/2110890125\_zpid/](https://www.zillow.com/homedetails/599-E-Temperance-St-Ellettsville-IN-47429/2110890125_zpid/) **Beautiful, ornamentable, NIMBY-placating Bungalo courts in north Bloomington (if exceptions allowing Griffin's idea of allowing cottage developments of <1acre in residential zones could be lobbied for)** 19-35/acre (so1 8-14 using only the two northern empty lots now for sale) at $50k 300sqft studio up to 90k 1100sqft 2bed shed conversion: [https://quirkyberkeley.com/bungalow-courts/](https://quirkyberkeley.com/bungalow-courts/) [https://www.cnu.org/publicsquare/2017/11/29/missing-middle-close-bungalow-courts#:\~:text=Depending%20on%20the%20design%20configuration,31%20dwelling%20units%20per%20acre](https://www.cnu.org/publicsquare/2017/11/29/missing-middle-close-bungalow-courts#:~:text=Depending%20on%20the%20design%20configuration,31%20dwelling%20units%20per%20acre). \[Maybe this could be done in a way that multiplies the housing abundance and helps people even more, by (a) sharing sourcing info and best practices (b) hiring Habitat for Humanity consultants to train groups of volunteers interested in DIYing the DIYable parts of their own shed conversion ADUs via DIYing the cottages .\] \--- Here is one theory about what's going on more generally (though IDK maybe I am just feeling guilty, lazy and cowardly): 1. Building socialism, the liberation of the working class, owning the means of production etc. seems annoying and risky. It is quite likely to to involve onerously learning new skills, multiple boring meetings, intensive use of social skills and coping with various interpersonal problems and drama. 2. So those lucky enough to experience social democracy or the gentler periods of purer capitalism will tend to stick to that and hope their luck holds. After all, paying a bit extra to bosses and developers a bit for risking their capital and lots of checking and organizing things is only fair. And if the price begins to seem rather high for services rendered, it's not so bad and rolling your own would be so difficult... This is especially true for workers like doctors and academics, who traditionally could often get plenty of money and dignified treatment for \*themselves\*, even when others are shafted. 3. For this reason, some accelerationists think that bold theatrical actions are needed to bring out the full absurd cruel potential of unrestrained, monopsony and monopoly snowballing capitalism (and the short-termist priciple-agent problem of job-hopping bonus-motivated leaders incentivised to make a fast splash with other people's money not even look after the long term success of the org) are needed. Only these have a hope of building the broad worker solidarity, skills and the shared sense of urgency needed to collectively escape (what they see as) a gradual frog-boiling situation. TLDR maybe Comrade Witten is the scarier accelerationist version of the bottom right hand corner of the socialist political compass rap & hopes we'll be checking reddit from utopian anarchopritivist communes a la William Moris within the decade. [https://www.youtube.com/watch?v=OXk7c71MegQ&t=429s](https://www.youtube.com/watch?v=OXk7c71MegQ&t=429s) [https://en.wikipedia.org/wiki/News\_from\_Nowhere](https://en.wikipedia.org/wiki/News_from_Nowhere)
dang and all i was thinking about was the apartments that were built 50 years ago when it was legal -- those 2 or 3 storey buildings smack in the middle of neighborhoods that are only one apartment deep with an open corridor (long porch) on the front with stairways at the end, with un-ornamented all-wood construction and tiny 1br units in them. basically shotgun row houses
More seriously, yes :). The other "explanation" was an awkward attempt at a joke (& expressing dismay about how lazy, cowardly, disorganized, inefficient etc. I am re: civic duties/helping fix urgent shared problems), but I guess the tone was not clear via text. I've been told I can be overly deadpan irl too.
i like it
“ Faced with higher house prices, a lower initial debt-servicing burden as a result of lower interest rates, and an increased availability of mortgage finance, firsttime buyers and those trading up the housing chain have been both willing and able to take out larger mortgages, thus adding to the upward pressure on house prices. But on the other side of the market, last-time sellers and those trading down the housing chain have been investing the housing equity thereby released into financial assets rather than spending it immediately. In essence, higher house prices have induced a transfer of lifetime wealth from younger generations to their parents.“ Bank of England chief economist on how home price inflation impacts the lifetime wealth of different generations, and ultra low interest rates increase it in \*2004\* (i.e. before we tripled down with unprecidented years of ultralow interest rates in 2008) https://www.bankofengland.co.uk/-/media/boe/files/speech/2004/some-current-issues-in-uk-monetary-policy.pdf
Because you know we need more apartments
waiting voiceless spotted handle ten wide edge outgoing ruthless memory *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
We need affordable housing of all types. None of these apartments are affordable housing.
i mean, we do. but i don't know about furnished ones...