My 9 roommates and I paid $60k a year for one of those decrepit old houses--and this was 10 years ago. At $500 per month each, it didn't seem that bad, but we really got ripped off. The density of college living (for instance I had to walk through a roommates room to get to mine) allows landlords in Ithaca to get a level of rent that they'd never get from families or older individuals.
