Why is housing so expensive?

<p>To qualify “popular,” which I meant in the “I wish I could live there sense,” few people move out of housing expecting better or comprable apartment conditions unless they go to the high rises, which usually cost more. And while the majority of students do take random apartments in light of cost, places like Regents are also packed with UChicago affiliates and on occasion have waitlists to boot. In this context, I don’t think the on campus housing is really overpriced by any means (save for the Shoreland), but rather is a middle ground in the “you get what you pay for” hierarchy.</p>