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Just a guess here, but cost and availablility of a property that is zoned for "multi-family" housing have got to be a major considerations. A fixer upper 3-4 bedroom house in Santa Cruz would cost a minimum of $500K, and come with a property tax bill of $5000 a year. It's probably not worth it.
Lucy, is Santa Cruz considered mostly a residential school or a commuter school?
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Gamma Phi Beta
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