http://blogs.law.yale.edu/blogs/finaid/default.aspxenCommunityServer 2007.1 SP1 (Build: 30415.43)http://blogs.law.yale.edu/blogs/finaid/archive/2013/01/28/the-means-to-live-within-your-means.aspx#170404Sat, 16 Feb 2013 17:32:53 GMT3dba5dbf-cc88-412d-a5e1-dc96318a2d17:170404Jessica<p>When I moved to New Haven, I didn&#39;t realize that some (perhaps many?) of the buildings raise the rent of tenants who stay on for each subsequent year. Based on my experience, it is quite possible to pay about $500 more for the same apartment during 3L year than you did in 1L year. That doesn&#39;t account for the entirety of the gap between 1Ls and 3Ls revealed by the survey, but it could be a part of it. Some of the increase each year may be due to inflation and rising costs, but I still think that the price of an apartment for a new tenant in a given year might be less than the renewal price offered to the current tenant to stay on, so as to incentivize &nbsp;new tenants to pick a particular building. </p> <p>I&#39;m no math/econ/finance person, so maybe there&#39;s something missing in my informal analysis, but I thought I would share my thoughts! Thanks for posting the results of the survey.</p><img src="http://blogs.law.yale.edu/aggbug.aspx?PostID=170404" width="1" height="1">