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# Business School Peers - Does Money abound?

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GMAT Club Legend
Joined: 10 Apr 2007
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Q49  V42
Current Student
Joined: 11 Dec 2006
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Location: New York, NY
Concentration: Finance (Corp Fin, Financial Instruments)
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VP
Joined: 05 Aug 2007
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Concentration: General Management
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Current Student
Joined: 11 Dec 2006
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Location: New York, NY
Concentration: Finance (Corp Fin, Financial Instruments)
Schools:NYU Stern 2009
1
Kudos
haha - yes they do, the Palladium. I would really only consider that if I were an International student who couldn't get someone to back my lease, and was on my own. Fortunately I have a relative in the city who has guaranteed my rent - which saves me paying a years rent upfront!

Palladium is pretty fun though. The rooms are small but the MBAs have a floor or two to themselves, so they can break out the booze if they want to (undergrads are on the other floors). The rent there is about \$1700 for a small room (twin bed) with internet and bobbins I believe. You can rent for more value on your own if you put in the work, and it is more of an experience. Just you have to be able to secure the lease somehow without it being punitive.

They also offer apartments in Stuyvesant, which are priced absurdly and really in a pretty weird location. I prefer living in my apartment with crackheads next door, but that is me. I can walk to school (though many other students think it is way too far - 15 mins, no alternative to walking really - no subway, no real bus service) and hang in all the great bars round here. Plus my girlfriend can live with me, which is impossible in the Palladium.

That way I was looking at here (\$1800 1bed, 7th & Avenue B) versus about \$3000 for a 1-bed in Stuyvesant. And trust me, my apartment is was the 20th I saw and worked out cheap. I have seen some bat-**** crazy apartments in my search (showers in the kitchen of \$2000 1-beds where you could touch the stove while washing)
Current Student
Joined: 18 Dec 2007
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Location: Hong Kong
Concentration: Entrepreneurship, Technology
Schools: Hong Kong University of Science and Technology (HKUST) - Class of 2010
Fees are cheaper than Japan, where you typically pay around 5months :-

1 months deposit (which you don`t usually get back)
2 months key money (used to modernise the apartment before you move in.. e.g. change the tatami mats)
1 months gift for the landlord
1 months fee for the estate agent

so you need that much money just to move.

Just some cultural insight for you guys
Current Student
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Hmm, sounds like it might be difficult to get a reasonable sized apartment at a decent proce for a family of 4.
Current Student
Joined: 11 Dec 2006
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If you are doing NYC for four, I would suggest looking out at Jersey City / Hoboken and the PATH train. You lose a lot of the point of NYC out there (to my mind), but you have a good reason to look out at prices there. They are definitely cheaper.

A family of four would be difficult in Manhattan period, let alone whilst attending business school.
Current Student
Joined: 10 Dec 2007
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Thanks for clarifying to me why I did not shoot for NYC schools...

That much money for an appartement you barely see anyways because of all the big city distractions (that will cost you again).
VP
Joined: 05 Aug 2007
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I think you're paying for the big city distractions, branson. Sometimes they're worth it.

branson wrote:
Thanks for clarifying to me why I did not shoot for NYC schools...

That much money for an appartement you barely see anyways because of all the big city distractions (that will cost you again).
Current Student
Joined: 10 Dec 2007
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sure, but I am sure its better for me to not expose myself to them during business school.
GMAT Club Legend
Joined: 04 Jun 2007
Status:Um... what do you want to know?
Posts: 5456
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Location: SF, CA, USA
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Q51  V41
WE 1: Social Gaming
I guess coming from the SF Bay Area, except for NYC, everywhere else (including Chicago) is relatively equal or cheap, haha.

Of course, the down side is not being able to find many schools in cities that are comparable to SF Bay Area...
Current Student
Joined: 24 Apr 2007
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Q50  V44
kryzak wrote:
I guess coming from the SF Bay Area, except for NYC, everywhere else (including Chicago) is relatively equal or cheap, haha.

Actually, from what I have seen, Chicago is pretty reasonably. Downtown Chicago is significantly cheaper than downtown Seattle, much to my surprise.
SVP
Joined: 31 Jul 2006
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Q50  V51
kryzak wrote:
I guess coming from the SF Bay Area, except for NYC, everywhere else (including Chicago) is relatively equal or cheap, haha.

Of course, the down side is not being able to find many schools in cities that are comparable to SF Bay Area...

I was in the Bay Area before business school. Everything here does seem cheap.

My rent is \$420 per month and includes cable TV
...and internet
...and furniture

That's way less than property tax each month on my house when I was in the Bay Area.
GMAT Club Legend
Joined: 04 Jun 2007
Status:Um... what do you want to know?
Posts: 5456
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Location: SF, CA, USA
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Schools:UC Berkeley Haas School of Business MBA 2010
Q51  V41
WE 1: Social Gaming
OMG that's cheap!
VP
Joined: 05 Aug 2007
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do you rent a furnished apartment, pelihu?

pelihu wrote:
kryzak wrote:
I guess coming from the SF Bay Area, except for NYC, everywhere else (including Chicago) is relatively equal or cheap, haha.

Of course, the down side is not being able to find many schools in cities that are comparable to SF Bay Area...

I was in the Bay Area before business school. Everything here does seem cheap.

My rent is \$420 per month and includes cable TV
...and internet
...and furniture

That's way less than property tax each month on my house when I was in the Bay Area.
SVP
Joined: 31 Jul 2006
Posts: 2209
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Q50  V51
solaris1 wrote:
do you rent a furnished apartment, pelihu?

Yeah, would have been only \$400 if it were unfurnished.
GMAT Club Legend
Joined: 04 Jun 2007
Status:Um... what do you want to know?
Posts: 5456
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Location: SF, CA, USA
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Schools:UC Berkeley Haas School of Business MBA 2010
Q51  V41
WE 1: Social Gaming
that is simply amazing how cheap it is...
Director
Joined: 25 Dec 2007
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pelihu, I think you just convinced me to change my dream school to Darden...
SVP
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Q50  V51
1
Kudos
There's a bar that has \$2 pitchers of beer. Not \$2 beers, but full-sized pitchers.
VP
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