<p>I had a pretty horrible time living in another commercial apartment last year. In regards to internet speed, sound between walls, and others, how would you rate ZP?</p>
<p>It’s nice but pretty overpriced for what you get. </p>
<p>The undergrad areas tend to be get a bit loud over the weekends though - my friend whom I visited 2 years back lived on the graduate floor and she said it was annoying but bearable.</p>
<p>The location is great though!</p>
<p>It is one of the only commercial apt that offers academic lease, so ended up being similar price. What constitutes graduate floor?</p>
<p>Very nice. If you can afford the rent and there’s still availability I’d go for it.</p>
<p>Very nice yet overpriced. If money isn’t an issue then it may be worth it for you.</p>
<p>not impressed.</p>
<p>Signed off the last academic lease last night. It was because of the location, and I know the furniture, etc would be like any other commercial apartments. Wanted feedback on internet and noise level (something I would have to ask a former resident).</p>
<p>From what I’ve heard there’s always a lot of loud parties but the thick concrete walls block the sound so it’s not a problem.</p>
<p>Overpriced? According to whom? The same apartments in mediocre larger cities like San Jose, DC or Boston would cost twice as much to rent. They are among the more expensive apartments in Ann Arbor, and it is to be expected given the quality (good but not great) and location. Demand and supply dictates that in a city with a large wealthy student population, the better apartments will be expensive. That does not mean they are overpriced.</p>
<p>Oh come on - it’s like $1500 for a room in a 4 Bedroom apartment. $5-6K for a 4 bedroom apartment is high, especially for the Midwest.</p>
<p>The fact that it comes furnished + the location is the main selling point, especially appealing to students who don’t own cars. I think it was a Ross grad who helped start the company that owns Zaragon actually - understanding the market is key ;)</p>
<p>^Sorry, Alex, but woowoo is right. It is absolutely overpriced for this area. By comparison, for the same monthly expense as a single room, you could own a 5,000 s.f. custom built home on an acre of land here 
(Or like me, you could make that include a pool guest-house, 3 acres, water rights and attached studio if you happen to be a foreclosure shopper!)</p>
<p>Those apartments were designed for OOS students who parents don’t know or care about local cost of living and how much they’re being gouged 
That said, price and demand are relative.</p>
<p>Contextually, overpriced means “I wouldn’t pay that for it.” Yeah, sure, since people do lease there for those prices I guess it doesn’t mean it’s overpriced. But I think the intended meaning was obvious.</p>
<p>Well I think a 4 bedroom comes closer to 12-1300 a month. And they do 9 month leases which is great.</p>
<p>Well I think a 4 bedroom comes closer to 12-1300 a month. And they do 9 month leases which is great.</p>
<p>Their cheapest is $1100 per bed a month. Does that include utilities, cable tv, internet, food, etc?</p>
<p>Personally, I wouldn’t pay more than $500/ month for rent alone in AA.</p>
<p>“Contextually, overpriced means “I wouldn’t pay that for it.” Yeah, sure, since people do lease there for those prices I guess it doesn’t mean it’s overpriced. But I think the intended meaning was obvious.”</p>
<p>I am afraid I am ever so stubborn about this sort of thing Vladenschlutte. I use the right word for the correct circumstance. Overpriced means rip off to me. $13,000/academic for your own sizeable bedroom, a communal area and a kitchen in downtown Ann Arbor is not a rip off. Heck, at Cal or Columbia, students pay almost that much for a dorm room that they must share with another student. No communal area and no kitchen. So yes, it is expensive, and designed for those who can afford it, but it is not a rip off, nor is it unreasonable. Those who cannot afford can find equally convenient housing options at a more moderate rate. Bottom line, it depends on one’s financial reality. To some, $13,000/year for housing is perfectly affordable and a fair price, to others, it is prohibitively expensive and a rip off. But relative to what you get for the same quality in other cities, Zaragon prices are right around where they should be. A similar set up in Boston or DC would cost roughy $18,000 per academic year. In NYC or SF, it would cost over $20.000 per academic year.</p>
<p>Haha - I do agree that based on your definition of the word that it is not overpriced.</p>
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<p>Ah yes, but this is Ann Arbor not Boston, DC or LA…it is a very high priced set-up for the market…and real estate is always market pricing. Overpriced, no, since clearly kids and their parents rent them, but high priced per square foot, yes. Real estate always ‘goes’ for what people are willing to pay.</p>
<p>Well i could not find anywhere for less than $700. And among the commercials it offers academic lease. Those houses, i need to come with roommates.</p>
<p>The companies that build these high-rises don’t consider the cost of living in cities such as Ann Arbor. They goal is to cater not to the entire population but a subset of the population, which in this case is students that come from upper middle to upper class backgrounds. There is no shortage of students from such backgrounds: according to a student survey done at orientation, about 1/4 of students have parents that earn more than 250k a year. 1/3 earn have parents that earn more than 200k. While there may be error as students themselves give the response, there is no doubt that the University of Michigan has a pretty large number of wealthy students, especially with its high out of state tuition. So, many students from wealthy backgrounds would not care to spend a few thousand more on housing that is of much higher quality than the dorms and actually turns out to only be a bit more expensive as you can cook (at $13 per meal, the meal plan is actually a rip-off)</p>