Cheap housing doesn't always make a profit, don't you understand?
By the time they pay for staff in the housing office, cleaners, gas, electricity, water, maintenance, occasional housing activities during o week, rates, not to mention repayments on the massive loans they took out to pay for the buildings, it isn't making a profit at the moment.
Plus the housing service also provides listings and assistance for students to find private residential accomodation. These services are provided free of charge.
Tell me where they make their money? When they buildings are paid off they may make a profit, but they can't run at a loss to pay off the buildings.
And yes, VSU would mean the end of the UTS accomodation levy that students pay, which is money they currently use to pay off their debt after the purchase of gumal ngurang.