Known as Loft-Right, the mod-looking structure has all the amenities: expansive city views, granite countertops in the kitchen and bathrooms, modern designer furniture and satellite TV hookups. The lobby lounge - like something out of a hip hotel - has a pool table and fireplace, and soon will have a Starbucks and tanning and hair salons next door. . .
Students at Loft-Right each pay more than $1,000 a month for a private bedroom in a two- or four-bedroom unit, with bathrooms shared by no more than two people. . .
This fall, his company added one-off limousine rides so student customers can arrive at school "like a rock star." The company also plans to offer grocery delivery and cleaning and laundry services - something other companies, such as Valet Today and DormAid, already do.
First, I think the people who can actually afford to live like that are getting their money from Mom and Dad. If that's the case, then usually Mom and Dad pay for them to keep up that kind of lifestyle anyhow, so I'm not sure I see much of a change there except putting it all in one package.
I guess it beats living in a small, cement cell for four years.
Still, how much more than $1000/month? In Chicago and parts surrounding, most lofts will start ~$500/month rent. A single bedroom apartment might cost ~$800/month, and a 2 bedroom will be ~$1000-1200, depending on how nice it is. In some neighborhoods, it can go higher, but let's call that the median.
The point I'm going with is that it might not be too much of a price increase, maybe $200-400 more each month, to go with much nicer living quarters. I guess if you don't mind sacrificing the spending money for that month.
Of course, if you think you're so great that you have to show up for class in a limo, then that money probably means nothing to you. Or your parents.