The campus sounds alot like Atlantic city. I went there a few years back. I was rather surprised that it was an island surrounded by a sea of slums. But , even dilapidated, you could get a sense of how beautiful it must have been ( a long long time ago ). I just don’t get it. If I moved into a victorian mansion, the first thing I would do is find a way to fix it up.
No.
You are wrong.
The first thing you would do would be to take out a huge loan to pay your overinflated and enormous property tax bill.
To be sure, there are still some beautiful homes in New Haven - even near Yale...
But the tax bill on the one I linked above would be somewhere between $35,000.00 (if they still use a 70% assessment value) and $49,000.00 per year based on New Haven's Mill Rate.
No thanks.
I almost bought a beautiful tudor home in New Haven years ago... thank God I did not, the tax assessors went mad almost immediatly afterwards and I would have lost a fortune.