The fall in asset prices (such as subprime mortgage backed securities) during 2007 and 2008 caused the equivalent of a bank run on the U.S. shadow banking system, which includes investment banks and other non-depository financial entities.
The overall cost for on-campus students to attend Morehouse College in 2014-2015 was $47,300. To calculate future costs, we looked at the prior five years of data and determined that this cost increased an average of 4.2% each year.
On the rental side, the monthly cost of a one-bedroom in East New York is generally between $1,250 and $1,500, Azar said, and three-beds rent for around $1,700. But the housing market is slated to change, as real estate developers have been snatching up properties in the area.