I really enjoyed the discussion we all had with John Schroeder last week. I thought it was really cool to see how the city of Ithaca has changed over time and see how different everything now looks from how it looked 100 years ago. One thing that greatly annoyed me, however, was what I learned about housing prices and how Cornell plans to provide housing for its students forthcoming. I always thought that collegetown housing prices were exorbitant because of landlords hiking up the rent to make as much of a profit as possible, but I never considered the ways in which Cornell significantly contributes to the problem. A lot of houses on Cornell’s campus do not pay property taxes, and Cornell as a whole could charge way less than it does for housing to relieve some of the financial burden students face. In addition, Cornell has a lack of housing, which allows landlords to drive up prices because of supply and demand. The new housing coming to north campus is not going to help in the short term because it is going to be swing housing, used to house students who would usually be living in another dorm but aren’t because those dorms will be under renovation. Cornell needs to fix this problem soon, and fast.
Plans for new student housing should be one of the universities top priorities right now. The scholars posts about this talk with John Schroeder has made me realize that the housing problem that is so well known to all Cornell student can be remedied by the university. With more plentiful housing on campus students would have that option as well as have cheaper options in college town.
I thought this talk was super interesting because we talked a lot about whether the authenticity of Ithaca should be compromised to provide more affordable housing for students. On one hand I think we do need to find a way to lower prices, but we shouldn’t change what makes Ithaca the town it is today. A good equilibrium should be found between property owners and Cornell.