[Electronic-lan] Fwd: Luxury Apartments in College Towns

[Richard Heckler]

 How does flooding the market thus creating large numbers of empty bedrooms impact our local economy? How are these new apartments necessarily safer?
Dickie Heckler 
    On Tuesday, August 13, 2019, 11:40:51 PM CDT, Courtney Shipley via Electronic-lan <electronic-lan at lists.ku.edu> wrote:  
 
 

---------- Forwarded message ---------
From: Mark Potts <mark at markpotts.com>
Date: Tue, Aug 13, 2019 at 8:17 PM
Subject: Luxury Apartments in College Towns
To: Dennis Brown <djbrown806 at gmail.com>
Cc: Chris Millspaugh <chris at chrismillspaugh.com>, Courtney Shipley <shipleyco at gmail.com>, Dale Slusser <dyson627 at outlook.com>, Dennis Domer <domer at ku.edu>, Ernie Eck <ernieeck at sunflower.com>, Lindsay Crick <lindsaycrick at gmail.com>, marci francisco <maf at sunflower.com>, matthew holtkamp <matthewryanholtkamp at gmail.com>, Mike Goans <mikegoans46 at gmail.com>, Patrick Watkins <patrwatkins at gmail.com>, phil stinson <phil.stinson at gmail.com>, Sarah Holder <sarahbholder at gmail.com>, Travis Campbell <travis_126 at hotmail.com>, Verdell Taylor <pastorT77 at aol.com>


It takes a little while to get going, but this story provides a good overview of the national phenomenon that brought us the HUB proposal: developers targeting areas near college campuses for upscale student living. Money quote:
“The dramatic rise in rents also coincides with national developers starting to eye the areas around public universities as a growth market. Real estate companies bulldoze aging buildings to put up the kinds of amenity-rich, luxury apartments that might appeal to upper-middle-class parents looking for a safe, comfortable place for their student to live.”
https://nam01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Ffeatures%2F2019-08-13%2Fif-the-tuition-doesn-t-get-you-the-cost-of-student-housing-will_______________________________________________&data=02%7C01%7Celectronic-lan%40lists.ku.edu%7C2d641b6cb2594678971b08d720a74bfc%7C3c176536afe643f5b96636feabbe3c1a%7C0%7C0%7C637013775216020104&sdata=d5HativCxTNZLbaFv0HkX%2FbtgPdsihUKZgwCdQxBiA8%3D&reserved=0
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